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Today, Ford officially announced its third-quarter results. According to the data, Ford's revenue in the third quarter was $37 billion, down 2 per cent from a year earlier; net profit attributable to the company was $425 million, down 57 per cent from a year earlier; and third-quarter earnings before interest and tax rose 8 per cent to $1.8 billion. Judging from the announced results, Ford's losses in the Chinese market are shrinking. Ford believes that the improvement in its business in China is mainly due to some new products in its eyes, which improve the sales and marketing ability of dealers by reducing product costs and optimizing product structure, thus increasing the number of cars.
On Sept. 20, Ford's U.S. stock fell 12.32% to close at $13.09 per share, with a total market capitalization of $52.62 billion. Compared with the previous day's total market capitalization, Ford Motor lost $7.3 billion (51.2 billion yuan) a day. Yesterday, Ford issued a profit warning for the third quarter
Ford Motor Company reported a net profit of just $100m (690 million yuan) in the second quarter of 2019, down from $1.1 billion (7.56 billion yuan) in the same period last year. Ford's global revenue for the quarter was $38.9 billion (267.48 billion yuan), unchanged from the same period last year, with total revenue of $79.2 billion (544.59 billion yuan) in the first half of 2019, down 2 percent from a year earlier. It is understood that Ford's car sales are falling except in Europe, Ford restructuring.
On December 19th, Jiangling Motor announced that the company received a total of 168.293 million yuan from Nanchang City, Nanchang Xiaolan Economic Development Zone and Shanxi Transformation Comprehensive Reform demonstration Zone. The above government support funds are related to income and will be included in the company's profits and losses in 2019. In Beijing, where Jiangling Motor received government support, Jiangling Motor's profits fell short of expectations due to the sluggish automobile market and other reasons. According to the third quarter financial report, Jiangling Motor realized operating income of 6.686 billion yuan in the third quarter of this year, an increase of 13.28% over the same period last year.
Recently, Jiangling released its third quarter report in 2019. According to the report, Jiangling Motor achieved sales revenue of 6.686 billion yuan in the third quarter of this year, up 13.28 percent from the same period last year, while net profit belonging to shareholders of listed companies was 98.8114 million yuan, up 198.65 percent from the same period last year. In the first three quarters of 2019, the company achieved sales revenue of 20.408 billion yuan, an increase of 1.08% over the same period last year. Net profit belonging to shareholders of listed companies was 158 million yuan, down 27.93% from the same period last year. Although Jiangling Motor performed well in the third quarter, it still showed a decline in the financial results of the first three quarters.
As a result of the epidemic, global carmakers' losses are also expected, and Volkswagen, the world's largest Volkswagen group by sales, also posted a loss of 2.4 billion euros in the second quarter. Chain effect continues to break out, Honda, Daimler, GM, FCA, Nissan, Renault and other car companies reported huge losses, the second quarter is undoubtedly the most difficult quarter. Judging from the current financial results, only Toyota, PSA Group, Suzuki and Ford have achieved "difficult" profits. Toyota: profit of 9.8 billion yuan on August 6th, Toyota released its second-quarter results. The financial report shows that Toyota achieved revenue 4.6 in the second quarter.
On July 31st, Ford announced that its subsidiary would acquire Journey, a transportation system software provider, to accelerate the development of self-driving technology and promote self-driving car services. The acquired Journey will merge with TransLoc, a software provider that provides supply and demand and fixed routing systems for public and private transport operations, which was acquired by Ford in 2018. The acquisition of Journey comes a day after Ford announced the acquisition of Quantum Signal, a US military service provider, to build features that point to security and.
On Oct. 11, Ford China officially released the latest sales figures for the third quarter of 2019, which showed that Ford delivered a total of 121060 new cars in the Chinese market in the third quarter of this year, up from the second quarter of last year and down 30.3% from the same period last year. In terms of brands, the sales of Ford, Jiangling and Lincoln in the Chinese market declined in the third quarter compared with the same period last year. Specifically, the Ford brand sold 28119 vehicles in September, up 5% from a month earlier, while cumulative sales in the third quarter were 77443, down 37.7% from a year earlier. It is worth noting that Ford is leading the world in Ford products.
According to several media reports, Argo AI, a L4 self-driving technology company jointly invested by Ford and Volkswagen, is about to be closed and disbanded, and after the dissolution, Argo AI employees and technology may be taken over by Ford and Volkswagen, but it is not clear how the two sides will distribute them so far. 10: 00 local time
Today, Changan officially released the latest sales figures for October, which show that the production and sales of Changan cars in October were 167142 and 164018 respectively, down 6% and 0.9% respectively from the same period last year. From January to October this year, the cumulative production and sales of Changan cars were 1399935 and 1389897 respectively, down 19.55% and 21.5% respectively from the same period last year. Among them, Changan independent brands (Chongqing Changan, Hebei Changan, Hefei Changan) sold 80820 vehicles in October, up 3.8 per cent from a year earlier. Sales totaled 660799 vehicles from January to October this year, down 16.
According to foreign media reports, Rivian Automotive, a new power brand in the United States, has announced that it will cut its workforce by 6%. The electric car maker hopes to increase production while reducing costs in the increasingly competitive electric vehicle market. It is understood that Rivian currently has about 14000 employees.
Ford announced a further 364 job cuts in Ohio and Michigan, according to American Automotive News. Ford said it had informed 354 workers in Sharonville Transmission, Ohio, and Rawsonville, Michigan.
Rivian, the US electric carmaker, said on December 12th that it would suspend plans for a joint venture with Mercedes-Benz Commercial vehicle (Mercedes-Benz Vans). Rivian said it would give priority to its current consumer product development roadmap and
Mid-October has passed, a number of domestic car companies have released the latest performance forecasts for the first quarter, with the introduction and landing of the government and the rapid recovery of the domestic macro-economy, a number of head car companies showed varying degrees of profit growth in the third quarter, but it is still difficult for marginal car companies to recover the declining situation. The net profit of Changan and BYD both soared, and the profit of the main business was weak. On October 15, Changan Automobile issued a forecast for its third performance, showing a profit of 5.98-1.198 billion yuan in the third quarter of 2020, an increase of 241.84% and 384.2% over the same period last year.
Baiteng released details of the interior design of the first production car, the BYTON M-Byte. The interior of the new car adopts a brand-new embracing style. Not only will the iconic 48-inch shared full screen remain intact in the mass production car, the new car also shows hardware design details such as a 7-inch driver touch screen and physical keys on the steering wheel, as well as an 8-inch central touch screen. Baiteng Motor, which was founded in 2016, has come a long way and made its world debut at this year's CES in Las Vegas. Feng Changge, founder and co-chairman of Baiteng Motor, is also with.
Changan Automobile, which has the reputation of "profit Milk year", once ranked first among domestic independent car brands, but now Changan Automobile is gradually being left behind by many other independent brand car companies more and more farther and farther. It has even slipped down the second ladder of domestic brands. On January 30, Changan Automobile issued the latest performance forecast, which estimated that the company would lose 2.4 billion-2.9 billion yuan for the whole of 2019, while the company still made a profit of 680 million yuan in the same period last year. The profit changed from profit to loss, a drop of as much as 452.56%, 526% compared with the previous year. For the sharp decline in the 2019 performance forecast, Changan Automobile is interpreted as "sold.
Domestic car sales continued to decline, in a depressed environment encountered the switching of national five and six emission standards, resulting in a large number of national five inventory cars of various brand manufacturers. In order to clear the inventory of cars before July, many car companies would rather lose money and find ways to get dealers to sell their cars in stock, thus taking drastic price cuts, and many car companies use the slogan of discount for internal employees to buy cars. Let employees and suppliers help digest inventory. Most car companies sell national five inventory cars at a 6-20% discount, which is the biggest discount in history. Insiders have learned that Changan Ford is also speeding up the elimination of Guo5 inventory cars and issuing domestic purchase concessions to suppliers.
Rivian, a US electric car company, closed down 9.61 per cent at $20.60 on May 11, with a total market capitalization of $18.553 billion, ranking 22nd among global car companies. As Rivian's share price continues to hit record lows, Ford can no longer handle it. According to Ford Auto
Recently, according to the National Highway Traffic Safety Administration (NHTSA), Ford will recall 2925968 vehicles. The reason for the recall is that the bushing between the gearbox and the gearbox of the vehicle may hinder the shift operation, resulting in the driver being unable to shift the gear correctly, thus causing the hidden danger of misoperation. Officials say
On May 5, Changan Automobile released its April production and sales report, which finally ushered in growth after many months. Changan Automobile sold a total of 159600 vehicles in April, up 32 per cent from a year earlier, according to the report. Affected by the epidemic and other factors, Changan car sales from January to April were 462600, showing a decline of 18.45%.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
Deadlock! Volkswagen may face mass strike
Many BMW 4S stores are running away! Fujian Consumer Council named
Chicken feathers all over the ground! A total of 570 million yuan has been executed by the giant 4S store giant group
It really looks like this! New BMW iX3 patent map exposed
Another family! Ford officials announce layoffs of 4000 people
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