The Audi Group ended fiscal year 2022 with record results. Revenues increased 16.4 percent to a record 61.8 billion euros. Operating profit gained nearly 40 percent to an all-time high of 7.6 billion. Group operating income reached 7.5 billion (up 37.3 percent), with operating margin growing to 12.2 percent from 10.4 percent in 2021. Net cash flow reached 4.8 billion, the second highest value in the company's history. Driving the financial performance were firm crisis management in a year of complex ...

Turnaround for the Autolink index, which analyzes the stock market performance of major automakers. In fact, in the period March 8th-16th, the panel closed at -4.4 percent. However, it still remains positive since the beginning of the year, currently at +9.5 percent. In the period under review, only Daimler, Stellantis, Mazda, Subaru, Nissan, Mitsubishi, Honda and Kia closed positive. The worst result was Polestar (-17.3%), while Ferrari lost 5.6%. Thanks to the mostly favorable results since the beginning of the year, most of the indexes of ...

Bentley Motors posted record financial results in 2022, with operating profits up nearly 1 billion euros compared to 2018. The latest annual figures show a profit of 708 million (+82%) on volume growth of 4% with record sales of 15,174 cars, marking the first time more than 15,000 cars were sold in the twelve months. Sales reached 3.38 billion (+19%). Return on sales rose to 20.9% from 13.7% in 2021, the highest in Bentley's 104-year history. The increase is due to customers choosing derivatives ...

Lexus presented to the international media in the French setting of Aix-en-Provence the new RZ 450e full electric SUV coming to dealerships in May. The all-wheel-drive RZ is the first native electric Lexus and adopts the same technical base as its two "twin" bZ4x and Subaru Solterra, while being more powerful (313 hp instead of 218). At 481 cm long, it is a luxury car that features sculpted lines with the typical "hourglass" front end of the Japanese automaker's cars. The side has obvious ribs, with the upper one ...

Used light vehicle sales in China rose 35 percent in February compared to the same month in 2021 to 1.18 million units. The growth, which follows a 15 percent drop in January, covered all segments of the market. According to data from the China Automobile Dealers Association, sales of used sedans grew 36 percent to about 873,100 units, while the volume of second-hand crossovers and SUVs rose 35 percent to about 186,000. Sales of used multipurpose vehicles also grew 35 percent to about 88,800. In the ...

From May 19th to 21st, BMW Group Classic will host the annual Villa d'Este Concorso d'Eleganza in Cernobbio in collaboration with the Grand Hotel Villa d'Este. This year's event will include eight classes of vehicles (A through H): a century of the 24 Hours of Le Mans: heroes of the world's most famous race; the fast and the formal: high-speed luxury in the pre-war period; Grand vitesse: weekend racers in the pre-war era; Incredible india: the dazzling automotive creations of the mighty Maharajas; Porsche 75th ...

In the traditional weekly comparison between the euro and major international currencies, the single European currency closed lower against almost all currencies in the period March 10th-16th. With the sole exceptions of the Russian Ruble, Indian Rupee and Mexican Peso. Euro in substantial parity instead against the Brazilian Real at the end of the trading period.

The Ferrari Roma Spider unveiled yesterday in Marrakech reinterprets in a contemporary key the Italian style of the 1950s and 1960s characterized by refinement and pleasure of living. The great novelty of this spider, which echoes in its proportions, volumes and technology the 2+ concept already adopted on the Roma coupe, lies in the removable fabric roof, a solution that sees its return to the Cavallino Rampante's front-engine range 54 years after its first appearance on the 365 GTS4. The modern interpretation of the soft top gives the car ...

Koelliker has signed a strategic business partnership in the area of micromobility with Micro Mobility Systems, a company from Zurich, Switzerland, owner of the Microlino project, an L7e category quadricycle that represents a new step in the direction of sustainable urban mobility. The Koelliker Group thus becomes the exclusive importer and distributor of Microlino in Italy, expanding its range of vehicles and solutions and entering the field of 100% sustainable urban micromobility. Microlino has a top speed of 90 km/h and is equipped with three types of Nickel-Cobalt-Manganese batteries ...

Mazda Motor Corporation's Board of Directors has identified Masahiro Moro as the company's new president and CEO to replace Akira Marumoto, who has led Mazda's global business since 2018. Moro joined Mazda in 1983 as a director and senior AD in charge of communications. He previously served as president and CEO of Mazda North American Operations from 2016 to 2021 and AD in charge of global marketing and held a vice president position at Mazda Motor Europe for four years. At the same time, the Board proposed ...