Author name: Evan

Daimler unit sales in Q3 2021 fell 25% year on year to 577,800 vehicles (Q3 2020: 772,700) due mainly to global supply constraints. Group revenue was flat at EUR40.1bn (EUR40.3bn) but group EBIT rose to EUR3,579m (EUR3,070m). Adjusted EBIT was also up at EUR3,611m (EUR3,479m) as was net profit of EUR2,573m (EUR2,158m). “Despite considerably lower […]

Adopting a common engineering software platform and dataset that integrates with CAD allows the battery and BIW teams to work seamlessly together and speak in a common “design language” from initial concept to detailed design, to manufacture. Cars have become difficult to live without, whether you love them with a passion or view them merely

Gefco has posted half-year revenue up 25.6% to EUR2.2bn (US$2.6bn). “I’m very pleased with GEFCO’s H1 2021 financial results, which confirm the Group’s agility and the strength of our asset-light business model,” said Gefco chairman, Luc Nadal. “We grew our finished vehicle business significantly with automotive customers, our Air & Sea division accelerated its portfolio

Gestamp has recorded 2021 nine-month net income of EUR101m (US$118m), compared to -EUR92n last year. Revenue rose 19.5% to EUR5.9bn, while EBITDA reached EUR701m. Net income during 9M, 2021, was driven by lower financial expenses, higher control of foreign exchange variations but impacted by EBITDA margin evolution in a more volatile market environment. Gestamp noted