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Hyundai’s Hype Falls Short on Substance – Bloomberg

Hyundai’s Hype Falls Short on Substance Bloomberg The South Korean auto group has more immediate concerns, such as its dismal earnings and excess cash. Go to Source

Xpeng CEO on China’s Electric Car Market, Tesla Competition – Bloomberg

Xpeng CEO on China’s Electric Car Market, Tesla Competition Bloomberg He Xiaopeng, chairman and chief executive officer at XPENG Motors, discusses the company’s strategy in China’s electric car market. He speaks with … Go to Source

Nissan Is Said to Spell Out Allegations on Ghosn to Renault – Bloomberg

Nissan Is Said to Spell Out Allegations on Ghosn to Renault Bloomberg Nissan Motor Co. is taking the first comprehensive steps to share details with Renault SA about allegations against Carlos Ghosn, according to a person familiar … Go to Source

Hyundai Plans $6.7 Billion Investment to Boost Fuel-Cell Output – Bloomberg

Hyundai Plans $6.7 Billion Investment to Boost Fuel-Cell Output Bloomberg Hyundai Motor Group and its suppliers plan to spend of 7.6 trillion won ($6.7 billion) through 2030 to raise production of fuel cells by more than 200-fold as the … Go to Source

Porsche CEO Confirms Plan for $6.8 Billion Profit Boost by 2025 – Bloomberg

Porsche CEO Confirms Plan for $6.8 Billion Profit Boost by 2025 Bloomberg Porsche AG is planning to boost its profits by 6 billion euros ($6.8 billion) by 2025 as it reduces costs and focuses on digital development, Chief Executive Officer … Go to Source

Tesla May Consider Buying Idle GM Plants – Bloomberg

Tesla May Consider Buying Idle GM Plants Bloomberg Tesla Inc. Chief Executive Officer Elon Musk told CBS’s “60 Minutes” that he may be willing to buy some of the five factories General Motors Co. will idle next year … Go to Source

Ford Cost-Cutting Plans Could Be More Severe Than GM, Says Morgan Stanley Analyst – MSN Autos

© Ford An analyst for investment bank Morgan Stanley predicts that Ford will follow in the footsteps of General Motors and eliminate thousands from its workforce in 2019 as part of a grand cost-cutting campaign said to total $11 billion. The analyst, Adam Jonas, wrote Monday that he forecasts large-scale job eliminations at Ford, which… Continue reading Ford Cost-Cutting Plans Could Be More Severe Than GM, Says Morgan Stanley Analyst – MSN Autos

Author: Bingborg Newsfeed