Marco Schubert appointed new Vice President of Europe region
Stuttgart. Marco Schubert will be taking on the role of Vice President Region Europe at Porsche on 1 July 2021. Currently he is President of the Audi Sales Division China. Schubert will follow in Barbara Frenkel’s footsteps who herself will move to the Board of Management.
“We are delighted to gain such an experienced person for our European sales region”, says Detlev von Platen, member of the Executive Board responsible for Sales and Marketing at Porsche AG. “Thanks to his ample international experience at various automotive brands, Marco Schubert is the ideal appointment to this role.”
Marco Schubert has been working in his current role at Audi in China since 2018. Prior to this, he headed up sales Asia and Overseas at Skoda Auto a.s. Between 2014 and 2017 Schubert had been Managing Director at Audi in Sweden. Before that, he had already been working as the head of Audi’s Northern Europe region for three years.
ROLLS-ROYCE MOTOR CARS REPORTS RECORD FIRST QUARTER RESULTS
Rolls-Royce Motor Cars has delivered the highest-ever first quarter sales results in the marque’s 116-year history in the first three months of 2021. Between 1 January and 31 March, the company delivered 1,380 motor cars to customers, up 62% on the same period in 2020 and surpassing the previous first quarter record set in 2019. Sales growth was seen in all markets, with the strongest in China, US and Asia Pacific.
- Rolls-Royce reports record first quarter sales, up 62% on the same period in 2020
- Total exceeds previous record set in 2019 and is the highest in the marque’s 116-year history
- Sales growth was seen in all markets, with the strongest in China, US and Asia Pacific
- High demand for all models, particularly new Ghost and Cullinan, with order books extending well into the second half of 2021; Bespoke commissions also at record levels
- Company ‘optimistic’ for remainder of 2021
“Rolls-Royce Motor Cars made a strong start to 2021, reflected today in our first quarter sales figures, which are the highest in our 116-year history. With robust order books across our product range, particularly for the new Ghost and Cullinan, sales growing in key markets and Bespoke commissions running at record levels, our business is in excellent shape. We have every reason to be optimistic for the remainder of 2021.”
Torsten Müller-Ötvös, Chief Executive Officer, Rolls-Royce Motor Cars
Rolls-Royce Motor Cars has delivered the highest-ever first quarter sales results in the marque’s 116-year history in the first three months of 2021.
Between 1 January and 31 March, the company delivered 1,380 motor cars to customers, up 62% on the same period in 2020 and surpassing the previous first quarter record set in 2019. Sales growth was seen in all markets, with the strongest in China, US and Asia Pacific.
Demand for all Rolls-Royce models is extremely buoyant, particularly the new Ghost launched in 2020, and the superluxury SUV, Cullinan, with order books extending well into the second half of 2021.
Bespoke commissions remain at the record levels seen in 2020, with a number of outstanding individual examples already delivered this year, including the Koa Phantom and Iridescent Opulence Phantom. All 20 of the Phantom Tempus Collection cars have been allocated to customers worldwide.
Reflecting on the results, Müller-Ötvös said, “We’ve responded to recent challenges with our customary boldness, imagination and inventiveness, underpinned by meticulous planning and a relentless focus on our customers’ needs and requirements. Every member of our extraordinary team, at the Home of Rolls-Royce at Goodwood and across the globe, has been crucial to delivering these remarkable results; their skills, talents, commitment and enthusiasm make us who we are.”
Porsche and TAG Heuer enter into strategic partnership
Stuttgart/La Chaux-de-Fonds. Porsche and the Swiss luxury watch manufacturer TAG Heuer have joined forces in a strategic brand partnership. Within the framework of the holistic and long-term alliance, the premium manufacturers intend to jointly approach both sports competitions and the development of products. As a first step, the partners unveiled a new watch, the TAG Heuer Carrera Porsche Chronograph.
“The strong friendship of our brand with TAG Heuer exists since decades and I am more than happy that we are now taking the next steps in the frame of a strategic partnership,” says Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG. “We bring together what our customers love the most about both of us: authentic heritage, thrilling sports events, unique life experiences and the fulfilment of dreams. We both strive to create some unique, magic moments for our communities. We now look forward to doing it together.”
“TAG Heuer and Porsche have common history and values, of course, but more importantly, we share an attitude,” says . “Like Porsche, we are disruptors at heart, always in pursuit of high performance. With this alliance, TAG Heuer and Porsche finally come together officially after decades of close encounters and will create unmatched experiences and products for customers and fans that are passionate about both our brands and what we stand for.”
Two histories – one passion
For over half a century, the stories of the two companies have intersected. Similarities of heritage can be traced all the way back to the entrepreneurs of Porsche and TAG Heuer. Edouard Heuer and Ferdinand Porsche were pioneers whose visions changed their chosen fields forever. Heuer was responsible for the first manufactured chronograph and Porsche constructed a new electric wheel hub motor. Both these accomplishments earned medals at World Fairs held in Paris 11 years apart. Heuer was honoured in 1889, the first Lohner-Porsche Electromobile with this innovation was presented at the Expo in Paris in 1900.
The true cornerstones of today’s partnership, however, are descendants of the brands’ founders. Ferdinand Porsche’s son, Ferdinand Anton Ernst or “Ferry”, joined his father’s engineering office in 1931 at the age of 22 and founded the car brand that bears the family name in 1948. Within a few years, the name of Porsche would be inextricably linked with race track success all around the world – including a class win in the Carrera Panamericana race of 1954. In honour of its successful participation, Porsche calls its most powerful sportscar engine at this time ‘Carrera’.
Edouard Heuer’s great-grandson Jack led his family’s company for decades. In 1963, he created the first Heuer Carrera chronograph, designed to let drivers tell the time at a glance in the heat of action. Jack Heuer was also responsible for the Heuer Monaco, the first square-faced, water-resistant automatic chronograph watch. Its name evoked the Monaco Grand Prix as well as the Principality’s renowned Monte Carlo Rally, which Porsche won in three consecutive years, from 1968 to 1970, with its 911 model.
Steve McQueen and the Heuer logo
Just as the Porsche 911 had done for automobiles, the Heuer Monaco broke with the familiar design codes of traditional watchmaking. Its innovations had come at a significant financial cost and as an alternative to an expensive advertising campaign, Jack Heuer further cemented his brand’s link to the renowned sportscar manufacturer with a creative sponsorship arrangement with Fribourg, Switzerland-based racing driver and Porsche dealer Jo Siffert. In 2005, at the premiere of the film Jo Siffert: “Live Fast, Die Young”, Jack Heuer remembered the terms of their contract: “In exchange for CHF 25,000, he would put our logo on his car and suit. In addition, he could buy our watches at wholesale prices and resell them to his racing friends at a substantial profit. Which he did with great success because half of the paddock was wearing Heuer watches by the end of the 1969 season!” It was this connection that led Steve McQueen to wear the Heuer logo on his racing suit during the filming of Le Mans in 1970, in which he drove a Porsche 917. The American actor said at the time, “I drive the same car as Jo Siffert, and I want to wear the same suit as him.”
TAG-Turbo Engine – made by Porsche for the McLaren team
With its sale to the TAG Group, Heuer became TAG Heuer in the mid-1980s. At this time, the Porsche and TAG Heuer jointly developed and produced the TAG Turbo Engine that enabled the McLaren team to win three consecutive F1 world titles: with Niki Lauda in 1984, followed by Alain Prost in 1985 and 1986. In 1999, the relationship between Porsche and TAG Heuer grew even stronger – from the Porsche Carrera Cup and Supercup competitions, followed by the Endurance World Championship and more was yet to come. Porsche created its own Formula E team with TAG Heuer as title and timing partner in 2019, marking a starting point for an even more powerful and far-reaching collaboration.
New sports partnerships
In its second year, the TAG Heuer Porsche Formula E Team will now fight for the World Championship. Behind the wheel of Porsche’s all-electric racecar, the 99X Electric, will be drivers André Lotterer and his new teammate, Pascal Wehrlein. Porsche has long distinguished itself in endurance events and together with TAG Heuer its GT Team is well prepared for the coming FIA World Endurance Championship (WEC). The milestone year will also include series partnerships in ten editions of the worldwide one-make cup series Porsche Carrera Cup. In addition to physical competitions, TAG Heuer also engages in virtual racing by supporting the Porsche TAG Heuer Esports Supercup. In addition, the watch brand is stepping in as global partner in Porsche’s ‘classic’ events and rallies.
Moreover, both brands share their strong passion for tennis and golf. The main tennis event is the Porsche Tennis Grand Prix in Stuttgart. This was launched in 1978, and the sports car manufacturer has been the organizer since 2002. TAG Heuer will accompany the event, which has repeatedly been named the most popular tournament in its category, as an official partner for watches and chronographs. In golf, Porsche has been the title sponsor of the Porsche European Open, one of the most traditional tournaments on the European Tour, since 2015. This year, TAG Heuer will be present as a partner for the first time here.
Finally, the brands are committed to creating unforgettable moments together in the future through the various Porsche Experiences.
The TAG Heuer Carrera Porsche Chronograph
Carrera as an icon of a name has been associated with Porsche and TAG Heuer for generations – so it was a natural choice for the first creative product collaboration. A tribute to the heritage of two brands, the new chronograph offers a first glimpse at what they can achieve together and is a seamless blend of the Porsche and TAG Heuer universes, reflecting the excellence of both names without diluting the essence of either.
Porsche’s engraved inscription is visible on the bezel and the unmistakable font is also used for the indexes. The Porsche colours of red, black, and grey – which also recall historic Heuer models – are incorporated throughout the watch, and on clear display through the transparent cristal case back is the oscillating mass, which has been redesigned in affectionate tribute to Porsche’s celebrated steering wheel. It is printed with “Porsche” and “TAG Heuer”.
The dial’s asphalt effect, created especially for this watch, expresses a passion for the road, while Arabic numerals suggest the numbers on the dashboard of fine Porsche sportscars. The timepiece is presented either on a soft strap in luxurious calf leather and innovative stitching that echoes the Porsche interior or on an interlocking bracelet reflecting streamlined racing design. At the heart of the timepiece is the in-house Calibre Heuer 02 manufacture movement with an impressive 80-hour power reserve.
Amazon Continues to Expand Its Transportation Fleet With Purchased Aircraft
Amazon purchases eleven aircraft from Delta Air Lines and WestJet Airlines to join the Amazon Air cargo network in 2021 and 2022
The expanded fleet supports Amazon’s growing customer base during a time when people continue to rely on receiving items they need quickly
SEATTLE–(BUSINESS WIRE)– (NASDAQ:AMZN) – Today, Amazon announced its first-ever purchase of eleven Boeing 767-300 aircraft, expanding its fleet to continue to serve Expand Its customers. The purchases include seven aircraft from Delta and four aircraft from WestJet, which will join the network by 2022. Amazon Air’s fleet expansion comes at a time when customers are relying on fast, free shipping more than ever.
“Our goal is to continue delivering for customers across the U.S. in the way that they expect from Amazon, and purchasing our own aircraft is a natural next step toward that goal,” said Sarah Rhoads, Vice President of Amazon Global Air. “Having a mix of both leased and owned aircraft in our growing fleet allows us to better manage our operations, which in turn helps us to keep pace in meeting our customer promises.”
Amazon Air plays a central role in delivering for customers by transporting items across longer distances in shorter timeframes. The four aircraft purchased from WestJet in March are currently undergoing passenger to cargo conversion and will join Amazon Air’s network in 2021, and the seven aircraft from Delta will enter Amazon’s air cargo network in 2022. These fleet additions will ensure added capacity in Amazon Air’s network for years to come. The company will continue to rely on third-party carriers to operate these new aircraft.
Amazon Air continues to expand globally to meet the needs of its growing customer base, while investing in jobs and sustainable solutions to power its network. Last year, Amazon launched its first-ever air hub at Leipzig/Halle Airport in Germany and new regional air operations at Lakeland Linder International Airport, John F. Kennedy International Airport, San Francisco International Airport, Chicago O’Hare International Airport, Richmond International Airport, Austin-Bergstrom International Airport, Luis Muñoz Marín International Airport, Kahului Airport, Kona International Airport, Los Angeles International Airport and Louis Armstrong International Airport. This summer, Amazon Air announced its purchase of six million gallons of sustainable aviation fuel and has already invested in leading-edge electric ground service equipment and solar rooftop panels planned at some facilities. Since Amazon Air’s launch in 2016, Amazon has invested hundreds of millions of dollars and created thousands of new jobs at Amazon Air locations across the U.S.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
Google Finance makes investing information more accessible
There are many questions that come to mind when it comes to investing: Where can I get information on stocks? What numbers and statistics should I look at before I invest? How are my stocks performing in comparison to others? It can be hard to find the right information and even harder to make sense of it. We’ve redesigned Google Finance for both desktop and mobile viewing to help you easily find data for stocks you’re interested in, market trends and relevant news to make more informed investment decisions.
Find the information you need
Understanding context is key to making informed investment decisions. We’ll make it easy for you to find and compare information by organizing it in a helpful way. For example, you can group stocks you follow and build your own “Watchlists,” which will help you find relevant news, stats and earnings details, so you have more context on stock movements. You can also add company events and earnings calls directly to your Google Calendar to stay on top of what’s happening.
Learn as you go
As you browse through stock details, you’ll find explanations and descriptions of key terms and stats to help you learn as you go. For example if you hover over “market cap,” you’ll get a definition of the term with a badge that lets you know whether the company is a large, mid- or small cap company.
Create your own portfolios
Later this year, we’ll extend the “Watchlist” feature so you’ll be able to play around with model portfolios. The portfolio feature will let you create and customize your own portfolio, easily track daily gains or losses and review news that is relevant to your portfolio.The new Google Finance will be available in the U.S. in the coming weeks, with more new features following shortly. Just search for “Google Finance” or visit google.com/finance to check it out.
Interview – Brand Finance Spokesperson Teresa de Lemus,
Managing Director Brand Finance Spain
I started my professional career in Brussels in advertising self-regulatory entities and the media defending the interests of the media, advertisers and regulators against the EU. My entire professional career since then has been aimed at representing business interests in favor of their highest and best benefit. After 15 years I joined Brand Finance due to the technical rigor and the philosophy of humility and customer orientation, an activity that I combine with my three babies and that is only possible thanks to the support and family involvement of my husband.
1. What changes have you noticed during the years at the helm of Brand Finance Spain?
Spain is a very open market, not only to technical knowledge that recognizes and values it, but also to the possibility of doing things differently. I have been particularly interested in these years how marketing and finance departments are receptive to new processes and ways of studying and analyzing data or information as well as using new tools to improve their results if necessary.
2. In Brand Finance you work with top-level companies, Ibex 35 companies and other large Spanish companies. What level of importance do you see that they give to the brand in these companies? Are they convinced of the strategic value of the brand in the business?
Rather, I would almost dare to say it the other way around. They are companies that have reached those levels because they understand the power of the brand and know how to manage it. The brand is the summary of your value proposition, your reputation, your trust. They have it more than clear.
3. What about all those large family businesses that are unknown to the general public but with astronomical turnover figures?
At Brand Finance, it is the type of client that we enjoy the most, since they are the ones that obtain the most attractive results and the shortest term from our advice. They are usually companies with a lot of desire to do things, but bureaucracies and intra-stories make it difficult to carry out many very interesting projects.
4. What do you think will be the keys to branding and marketing in the coming years?
The creativity. Doing things differently will always be the key but there is a false belief in thinking that this is for “daring” or those who “have a nose”. Innovating and being creative does not have to be a leap into the void, but with the appropriate analysis and data, it is necessary to know how to base it on the correct information and properly guide it towards the result with better turnover for the business in the short and long term
5. What advice would you give to the brand managers of Spanish companies?
None. They are the ones who know the business. I can only offer you tools to facilitate your work with the internal and external clients, but beyond that I would not dare.
6. We have witnessed how, during the crisis, companies that have opted for branding and communication have better resisted the impact. Do you think it is because they already had a strong brand or other actions they have launched? What advantages does having a strong brand bring to a company?
The strong brand has to not only come but stay. We all know examples of brands that have known how to reinvent themselves and take advantage of their brand to diversify and others that did not see it coming. For that you have to watch 3 fronts a lot: What you have, with whom you compete and who buys you.
7. If we look at Spain, there are few brands that we can consider truly global. What do you think it is due to and what is the recipe to increase the internationalization of our brands? What brands do you see with the greatest potential to internationalize?
Spanish brands, for ease of language, have always tended to go to Latin America, which does not have to be the most appropriate. In both expansion and diversification decisions, many variables must be taken into account, as well as short and long returns. Try to risk as little as possible.
8. What are the great challenges that a brand and its managers currently face?
At Brand Finance we work every day to “unite the Marketing and Finance departments”, that is our motto and the substance of everything we do. Providing the tools to the brands so that these two areas speak the same language is essential to grow the brand and the business. At this time, more than ever if possible, it is essential that these areas have accurate information to properly establish strategies in a context of uncertainty.
9. In the current context where there are so many sectors affected, which do you think will be the Spanish brands that will benefit the most and why? Do you have any forecast for 2021?
In general, in all contexts, the more information available to decide, the better. At Brand Finance we are continuously studying the brand and the parameters that comprise it. We have recently obtained a finding of how two variables (familiarity and consideration) impact market share. These results, published in our BrandBeta report, are one more example of how information can give you light. Not only know what market share you can aspire to obtain but also to anticipate and correct it in time if you are not on track.
10. Before finishing, would you like something else?
Monitoring and measurement tools like ours where we value and evaluate the brand not only help to make decisions but also facilitate the argumentation and defense of a job well done, of the decisions taken and above all, of knowing what to correct as and when if something it is not working as it should.
The CESCE Group reinforces the treatment of its financial information
The organization has implemented SAP BPC technology to gain security and speed in the economic, accounting, commercial and budgetary consolidation of data
Madrid, December 23, 2020.- The CESCE Group has modernized and reinforced its system for consolidating Financial Statements, in a clear commitment to innovation and digitization, two objectives included in its Strategic Plan 2021-2024. The Group, made up of 27 companies that follow the regulations of insurance companies or accounting plans according to their activity, has chosen SAP BPC technology to integrate all the financial data of the different companies and thus automate the extraction of information and consolidation tasks to facilitate corporate reporting.
Through the implementation of this new technology, the CESCE Group has endowed professionals with greater autonomy and thanks to this it has achieved an automation in obtaining the consolidated Financial Statements. In addition, real-time data collection times have been optimized, which has improved process control, and greater traceability, security and scalability of information have been gained.
According to María Aracama, Head of the CESCE Group’s Latam Consolidation and Control Unit, “this project has provided us with an agile, flexible and usable platform to improve the economic, accounting, commercial and budget consolidation of all group companies, facilitating information in real time when making strategic decisions for the business ”.
The new SAP BPC technology tool implemented by the CESCE Group also offers the ability to integrate with other technological tools, the possibility of centralizing the data in a single place and adaptation to current regulatory policies and procedures.
Bugatti President Stephan Winkelmann will additionally take up the position as President and CEO of Automobili Lamborghini S.p.A. on top to his current function. The Bugatti President will therefore have a dual role. “It is both a great honour and pleasure, but also a great challenge for me to manage these two companies, which are very special to me with their exceptional cars,” says Stephan Winkelmann.
Over the last three years, Stephan Winkelmann has successfully initiated and driven forward a number of exciting projects at Bugatti. Never before has Bugatti presented so many different and unique projects in such a short period of time, such as the Divo, La Voiture Noire Centodieci, Chiron Pur Sport, Chiron Super Sport 300+* and Bolide. Last year Bugatti set a speed record that is still valid. And with the now delivered Divo, Bugatti has also transformed modern coach-building for the 21st century.
Lamborghini is also well-known territory for Stephan Winkelmann: he was President and CEO of Automobili Lamborghini S.p.A. in Sant` Agata Bolognese, Italy, for over eleven years up to 2016. In these roles, Winkelmann successfully expanded the brand into one of the world’s leading super sports car manufacturers, and was responsible for making substantial investments in the company’s future. Under his leadership, Lamborghini experienced extremely fast growth: sales were more than doubled, while sales revenue more than tripled. This growth was due to the success of the Lamborghini Aventador and Huracán super sports cars – but even the decision to launch the bestselling Urus was taken under the direction of Stephan Winkelmann. Together with his team, he also realigned sales structures for the future. Stephan Winkelmann will be taking over the responsibilities of Stefano Domenicali, who has decided to leave Lamborghini at his own request after four successful years with the company. He will become the new CEO of Formula 1 from January 2021.
Markus Duesmann, Chairman of the Board of Management at Audi AG: “Stephan Winkelmann has decisively shaped the history of Lamborghini. He represents the Lamborghini brand like only a few, and is exactly the right person to lead this unique brand into a successful future.”
“I would like to thank everyone for the trust they have in my work as well as my team for their support in the past and in the future too. I am really looking forward to my new responsibilities,” explains Stephan Winkelmann. “I have had the privilege to manage both companies separately in recent years, and I can now do this for both together. This is something very close to my heart. Bugatti stands for the most superior, powerful, elegant and luxurious hyper sports cars in the world. Lamborghini builds the most exclusive super sports cars with outstanding design. Both companies still have so much creativity yet to be explored.”
Stephan Winkelmann was born in Berlin in 1964 and grew up in Rome. After passing his A-levels at the German School in Rome, he studied political science in both Rome and Munich. Before Winkelmann took over as head of Lamborghini in 2005, he had been employed by Fiat in various functions, including Chairman of the Board of Management at Fiat Auto Austria, Switzerland and Germany. In March 2016, Winkelmann moved from Lamborghini to quattro GmbH (today Audi Sport GmbH), which he managed in the role of CEO for two years. Winkelmann was appointed President of Bugatti on 1 January 2018, a role which he will continue performing in the described dual role from 1 December.
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