Jim Farley had been to a flying begin with recently’s outcomes at Ford
It has been a busy week for Q3 monetary results and I have always been pleased to say which they were generally pretty positive. Money roles look healthy after a bounce back automobile sales following the pandemic-induced lockdowns earlier in the day into the year. Organizations benefited specifically from greater sales of high-margin products in China and the united states. Here is a selection:
FCA articles record Q3 earnings
PSA Q3 automobile income up 1per cent to EUR12bn
Ford reports Q3 net gain of $2.4bn (and remark)
Visteon Q3 net product sales up 3percent to US$747m
China boost comes back VW to profitability in Q3
Aptiv articles Q3 net gain up 15percent to US$283m
Hyundai reports Q3 net loss after recall/quality provisions
Need rebound lifts Daimler Q3 revenue and outlook
Tata-owned JLR swings to quarterly revenue
There have been additionally some interesting strategic tie-ups recently. Daimler and Waymo said they’d mate on autonomous cargo trucks.
Daimler and Waymo partner on autonomous trucks
In HCVs, Volvo AB and Isuzu
Plus in Asia, BMW stated it will be working with Alibaba on its electronic strategy
And get ready for speculation on who wants a big stake in LG Chem’s automotive powertrain battery pack company…
LG Chem shareholders approve battery pack spin-off
Daimler wishes a piece of Aston Martin in return for sharing technology that difficult pressed Aston cannot actually manage to do by itself.
Mercedes and Aston Martin deepen cooperation
Yes people, electrification is in which it’s increasingly at. The car industry is fast-a-changin’.
Electrified vehicle sales overtake diesels in Europe (heath caution, electrified includes mild-hybrids)
Looking over this made me a tad uneasy. Why don’t we hope every thing works since it should:
Tesla readies ‘Full Self Driving’ for limited rollout, security advocates ring security bells
We are not exactly out of the pandemic though, are we? From time to time there’s a stark reminder of the global scale of lost product sales this year.
ASEAN automobile markets down 24percent in Q3
In case you had not noticed, SAIC is focusing on Europe with NEVs. It’s going to be really interesting to observe how the change to electrified automobiles plays away in European countries’s market and exactly how it appears by 2025.
SAIC targets 100k NEV product sales in Europe by 2025
If ICEs and their elements are your bag, it is maybe never ever too early to consider diversifying.
Mahle expands in air-con with Keihin buy
Finally, a reminder that inside company here is really no substitute for having good item. People can mention clever brand and advertising strategies, but in the finish it comes down right down to obtaining the right item at right cost. Could it possibly be that Opel/Vauxhall has something of a hit on its fingers because of the new Corsa?
Why the Corsa is beating Ford and Volkswagen
Have actually good week-end.