A Yanfeng Automotive Interiors plant that will manufacture car interior components for major automakers such as Mercedes was ceremonially opened in Kragujevac, central Serbia, on Thursday.Serbian President Aleksandar Vucic, Chinese Ambassador to Belgrade Chen Bo, Kragujevac Mayor Radomir Nikolic and company representatives cut a red ribbon to mark the launch of a production line.Shanghai, China-based Yanfeng Automotive Interiors, a global leader in its sector, has around 110 production facilities and technical centres in 20 countries and a workforce of over 32,000 people worldwide.
Author: World_Newz Mon
BMW to Cut Staff Bonuses in Electric-Car Savings Push
BMW AG will slash bonus payments and expand working hours for some employees in Germany as the luxury-car maker grapples with the costly shift to electric and self-driving vehicles.
BMW Group to double R&D capacity in Korea
By Kwak Yeon-soo BMW Group will expand its research and development center here and plans to increase cooperation with its local partners in “future mobility systems,” the company said Wednesday.The German automaker held an event to celebrate the expanded BMW Korea Driving Center in Incheon.BMW Group will also bring new and various electric models, including standard battery run and plug-in hybrid electric vehicles, to Korea soon.
BMW vows to expand R&D center, partnerships with Korean firms
BMW Group Korea said Tuesday it will expand its research and development center in South Korea and increase its partnerships with local firms.The automaker also announced the introduction of the Mini Electric in Korea, hinting at its efforts to bring new electric vehicle models here, including BEVs and PHEVs.
Europe’s youngest unicorn founder quietly built a $1 billion Uber rival. He explains why Uber’s winner-takes-all strategy is wrong.
Youth is no barrier for the best entrepreneurs, but it can take a long time to convince investors that their view of the market is wrong.Uber, Bolt’s main rival, raised $20 billion before its public float this year to essentially outspend the competition and dominate the markets in which it operates.To date, the firm has raised $244 million, significantly less rivals, from investors including German carmaker Daimler, Chinese ride-hailing giant Didi Chuxing, and Swedish investors Creandum.
Daimler Truck acquires 15 pct of Russian truck maker Kamaz
MOSCOW, Nov. 25 (Xinhua) — Daimler Truck AG, a subsidiary of German automaker Daimler AG, has acquired a 15-percent stake in Russian truck maker Kamaz.
The transaction took place on Nov. 15, according to a Kamaz statement on Monday, without elaborating.
Kamaz is Russia's top producer of heavy cargo trucks. It also manufactures a broad spectrum of other commercial vehicles, including diesel, gasoline and electric-powered buses.
Russian state-run conglomerate Rostec is Kamaz's largest shareholder. Another big owner is Avtoinvest company, which is controlled by a group of Russian business people and bankers.
Mocked Tesla Cybertruck May Be Brilliant, Car Designer Says
When Raphael Zammit saw Tesla Inc.’s Cybertruck pull onto the stage late Thursday, his initial reaction was a mix of shock and horror.
Porsche Is Going All In on Electric, but 911 Will Be Last to Switch
Porsche Is Going All In on Electric, but 911 Will Be Last to Switch Bloomberg | Nov 22, 2019 at 5:18 PM The brand’s CEO for North America says it has to adapt or “we’re going to be left out.”
Nissan Plans First Bond Sale Since Scandals After Leader Changes
Nissan Motor Co. is planning its first bond sale since scandals involving its ex-Chairman Carlos Ghosn and former CEO Hiroto Saikawa, according to people familiar with the matter.
Another Ferrari Hybrid Will Come But Not This Year
Even though the modular underpinnings of the Roma were pre-engineered for hybrid power, the new entry Ferrari will stick with pure front-engined, twin-turbo V8 power for its entire seven-to-eight year life cycle.