Showing posts with label hybrid. Show all posts
Showing posts with label hybrid. Show all posts
Monday, August 24, 2015
Mitsubishi Motors Corporation announces end of year figures with growth in all major area's
| Mitsubishi Motors Corporation Announces Full-year Fiscal 2014 Operating Results and Fiscal 2015 Forecasts |
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Mitsubishi Motors Corporation (MMC) today announced its sales and financial results for the full 2014 fiscal year (FY2014) ending March 31, 2015, as well as forecasts for the full 2015 fiscal year (FY2015), ending March 31, 2016. |
1. Full-year fiscal 2014 operating results
1. Performance overview
MMC posted a consolidated net sales of 2180.7 billion yen over the full term of FY2014 (April 1 2014 through March 31, 2015), a 4% or 87.3 billion yen increase over the same period last fiscal year.
MMC posted an operating income of 135.9 billion yen, an increase of 10% or 12.5 billion yen over the same period last fiscal year. Although sales and R&D expenses increased along with a decrease in sales volume and model mix, these were overcome by reductions in material and other costs in addition to favorable foreign exchange rates.
Other items include ordinary income at 151.6 billion yen, a 17% or 22.1 billion yen increase, and a net income of 118.2 billion yen, a 13% or 13.5 billion yen increase, both year-on-year. All profit areas for FY2014 were all-time record high profits.
2. Sales volume (Retail)
Global retail sales volume for the full 2014 fiscal year totaled 1,090,000 units, an increase of 4% or 43,000 units over the same period in FY2013. Sales volumes by regions were as follows.
Japan: Sales volume decreased with both registered vehicles and minicars totaling 115,000 units, a year-on-year decrease of 20% or 28,000 units.
North America: Sales volume totaled 117,000 units, an increase of 21% or 20,000 units over the same period last year. The increase was driven by brisk sales of the Outlander Sport and Mirage as economic recovery in the United States moved onto a firmer pace
Europe: Sales volume totaled 227,000 units, an increase of 13% or 25,000 units year-on-year. Despite worsening economic situation in Russia which affected sales decline from the same period last year, the sales increase of the Outlander PHEV in Western Europe contributed to the overall increase for the region.
Asia: Sales volume totaled 344,000 units, which was about the same level as the same period last year. Although recovery in total demand for Thailand remained sluggish, an increase in sales in China, mainly stemming from GAC Mitsubishi Motors Corporation offset this.
Other Regions: Sales volume totaled 287,000 units, an increase of 10% or 26,000 units year-on-year. Sales increased in the Middle East, resulting in an overall increase in sales for the region.
2. Full-year fiscal 2015 forecasts
Full-year FY2015 (April 1, 2015 to March 31, 2016) operating results forecasts are as follows:
1. Outline of full-year FY2015 operating forecasts:
| 2280.0 billion yen, an increase of 5% or 99.3 billion yen year-on-year |
| 125.0 billion yen, a decrease of 8% or 10.9 billion yen year-on-year |
| 130.0 billion yen, a decrease of 14% or 21.6 billion yen year-on-year |
| 100.0 billion yen, a decrease of 15% or 18.2 billion yen year-on-year |
* This item will be changed to "Net income attributable to owners of the Parent" in FY2015
2. Sales volume forecast (Retail):
Forecast for full-year FY2015 is 1,100,000 units, a 1% or 10,000 units over FY2014. Breakdown by region is as follows:
| 107,000 units, down 7% or 8,000 units year-on-year |
| 128,000 units, up 9% or 11,000 units year-on-year |
| 191,000 units, down 16% or 36,000 units year-on-year |
| 378,000 units, up 10% or 34,000 units year-on-year |
| 296,000 units, up 3% or 9,000 units year-on-year |
Note on forward-looking statements: All statements herein, other than historical facts, contain forward-looking statements and are based on Mitsubishi Motors Corporation's current forecasts, expectations, targets, plans, and evaluations. Any forecasted value is calculated or obtained based on certain assumptions. Forward-looking statements involve inherent risks and uncertainties. A number of significant factors could therefore cause actual results to differ from those contained in any forward-looking statement. Significant risk factors include:
Potential risks and uncertainties are not limited to the above and Mitsubishi Motors Corporation is not under any obligation to update the information in this news release to reflect any developments or events in the future. If you are interested in investing in Mitsubishi Motors Corporation, you are requested to make a final investment decision at your own risk, taking the foregoing into consideration. Please note that neither Mitsubishi Motors Corporation nor any third party providing information shall be responsible for any damage you may suffer due to investment in Mitsubishi Motors Corporation based on the information shown in this news release. |
Jaguar’s Director of Design, Ian Callum, collects Designer of the Year Award.
- Jaguar’s Director of Design, Ian Callum, collects Designer of the Year Award after topping The Drum’s coveted Designerati list
- Ian Callum top with Maggie Hodgetts, Head of Graphic Design at Waitrose and Christopher Bailey, Chief Creative Officer at Burberry in second and third place respectively
- Ian praised for his dedication to innovation and eye for detail in his car designs including the Jaguar F-TYPE, XE and all-new XF
- Designerati list celebrates elite group of the top 100 most influential individuals in UK design
Ian Callum, Jaguar’s Director of Design, has won the Designer of the Year Award after taking the number one position in The Drum’s second annual Designerati – a list celebrating the top 100 most influential individuals in UK design.
The expert panel of judges decided Ian is this year’s most influential UK designer finishing top ahead of Maggie Hodgetts, Head of Graphic Design at Waitrose and Christopher Bailey, Chief Creative Officer at Burberry in second and third place respectively.
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Stephen Lepitak, editor of The Drum, said: "Ian Callum is a visionary of British design. From his roots at Ford in the 1970s, to his craftsmanship on Aston Martin, his influence on car design is legendary.
"His beautifully simple designs, including the 2013 Jaguar F-TYPE and the new XF, unveiled last month, have ushered in a new era for Jaguar, breathing life into the classic brand.
"Ian's dedication to innovation, his eye for detail and his strong vision for what Jaguar cars should look like truly represent the best of design in the UK."
Ian Callum, Jaguar’s Director of Design, said: “It is an honour to reach the number one position in the Designerati list. For an automotive designer to claim this award is very special indeed – especially considering the depth and array of talented UK designers across the disciplines of architecture, fashion and graphic design.
"Being ranked number one and winning The Drum's Designer of the Year Award is testament to the fantastic team at Jaguar I’m privileged to work with every day.”
Individuals on the Designerati list are judged on their overall career successes todate and highlights over the preceding 12 months as well as general involvement in the industry as a whole.
Ian’s career includes time at Ford, where he worked on the Escort Cosworth, and Aston Martin where he was key to the design of the DB7, DB9 and Vanquish. The first examples of Jaguar’s design direction under Callum were the luxury XK grand tourer, the XF saloon and XF Sportbrake, XJ saloon car and the two-seater F-TYPE sportscar. September 2014 saw the launch of an all-new Jaguar model line in the form of the XE, followed closely in March 2015 by the introduction of the second-generation XF.
Since joining Jaguar in 1999, Ian and his team have created striking concept cars such as the R-Coupe, RD-6, C-X17 and the C-X75, recently announced as featuring in the 24th Bond movie, Spectre due out later this year.
This is Ian’s second major honour within six months after he was awarded the Minerva Medal by the Chartered Society of Designers for his outstanding contribution to automotive design.
USA SALES APRIL - PORSCHE - The Macan saves Porsche AGAIN, with all other models DOWN.
U.S. Porsche dealers sell 5,217 vehicles in April
Porsche Cars North America, Inc. (PCNA), importer and distributor in the United States of Porsche 918 Spyder, 911, Boxster and Cayman sports cars, Macan and Cayenne SUVs, and the Panamera four-door sports sedan line-up, today announced April 2015 sales of 5,217 vehicles, up 28 percent compared to April 2014.
“This is the first time in PCNA history that we celebrate exceeding 5,000 units in one month – a milestone record,” said Detlev von Platen, President and Chief Executive Officer, Porsche Cars North America, Inc. “The U.S. market continues to show increased demand and passion for Porsche.”
April 2015 sales were led by the Cayenne model line, with 1,773 units sold. Macan had its strongest month yet with over 1,500 units delivered, while nearly 900 sales were recorded for the 911. For the year, 16,647 Porsches have been sold, an increase of 17 percent compared to the first four months of 2014.
Porsche Approved Certified Pre-Owned vehicle sales in the U.S. were 1,206 for April 2015, up 18.8 percent compared to April 2014. This month also sets the record for Porsche CPO sales in one month.
Koenigsegg Regera
V8 Hybrid / 5.065 cc / system power 1.822 PS (V8: 1.115 PS, E: 707 PS) / 1.550 ft/lb (2.100 Nm) @ 4.100 / turbo / 0 - 248 mph (400 km/h): 20,0 s / 93 - 155 mph (150 - 250 km/h): 3,2 s
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USA - Chevrolet announces pricing and specs for the 2016 MY Volt Hybrid vehicle.
The Chevrolet Volt is poised to continue to bring new owners to the electric plug-in family. Pricing will be as low as $26,495 after the full federal tax credit of $7,500. (Federal tax credit can range from $0 up to $7,500.) In California, the vehicle’s largest market, residents of the state will be able to purchase the all-new Volt for as low as $24,995 after state and federal incentives.
The 2016 model will start at $33,995 MSRP, including an $825 destination fee (excluding tax, title, license and dealer fees). This is almost $1,200 less than the current-generation Volt.
“The next-generation Chevrolet Volt delivers more technology, the ability to drive further between gas fill-ups and now with even more value to our customers. It’s what our loyal Volt owners told us they wanted,” said Steve Majoros, director, Chevrolet Marketing. “We are confident we will continue to attract new customers to Volt with the vehicle’s product improvements and attractive price.”
The Volt continues to be a success with the brand, with nearly 70 percent of Volt owners trading in a non-GM product or adding to their household fleet in 2014, the highest of any Chevy nameplate. The number one trade-in for the Volt is the Toyota Prius. To date, more than 75,000 first-generation Volt owners have driven hundreds of millions of EV miles.
Volt owners who charge regularly can expect to drive an estimated 1,000 miles or more between fill-ups, based on GM testing. The 2016 Volt will provide owners with impressive fuel economy of a GM-estimated 102 MPGe (electric) and 41 combined mpg on gasoline power.
The new Volt will offer a GM-estimated 50 miles of all-electric driving range on a single charge, a 31-percent improvement over the first-generation Volt. This means new Volt owners should anticipate that approximately 90 percent of trips in a new Volt will be driven all-electrically.
Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 115 countries and selling around 4.8 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature engaging performance, design that makes the heart beat, passive and active safety features and easy-to-use technology, all at a value.
Peugeot family to hold meeting to discuss the future of their shareholding now it has been reduced.
The Peugeot family plans to hold a meeting in June to work out its differences over the future of its 14.1 percent stake in PSA/Peugeot-Citroen, Les Echos newspaper reported this week. The meeting would mark a year since the family relinquished control of the carmaker, opening up a rift between two senior family members, the newspaper said.
The French government and Dongfeng, PSA’s Chinese partner, now both hold matching 14.1 percent stakes after a deal that injected fresh capital into the business and which was opposed by senior family member Thierry Peugeot. He left the PSA board in July last year.
The report said Thierry Peugeot was also expected to step down from the board of the family holding company FFP at its shareholder meeting in May, but wants to keep a grip on the business, and has built another 0.3 percent stake in the company through a separate holding company, Sapar.
According to the report, some members of the Peugeot family fear that Robert Peugeot, the FFP's representative on the PSA board, wants to reduce the size of the family's holding. They want to see a resolution at the June meeting that would exclude such an option, even though Robert Peugeot said in March that no such move was planned.
The June meeting may also look at a contingency plan in case the government decides to reduce its stake, the newspaper reported.
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