An engineer at Toyota killed himself after being constantly ridiculed by his boss, authorities have ruled.After earning a master’s degree at the prestigious University of Tokyo, he joined Toyota in 2015.The term, which means “suicides from overwork” was coined from the word “karoshi,” or “death from overwork,” used to describe workers who die suddenly after putting in extremely long hours.
Author: World_Newz Mon
Ford to introduce all-electric Mustang Mach-E to Chinese market in 2021
LOS ANGELES, Nov. 18 (Xinhua) — A senior manager of Ford Motor has disclosed that the company's all-new, all-electric SUV, donning the iconic pony badge and named Mustang Mach-E, would be introduced to the Chinese market in 2021.
The plan was revealed by Darren Palmer, Ford's global director for battery electric vehicles, in a document released to Xinhua after the company's first all-electric SUV was unveiled Sunday night at Jet Center in Los Angeles, a hall neighboring Tesla's factory.
Mustang Mach-E is the first vehicle based on the company's new EV architecture as part of an 11.5-billion-U.S. dollar plan to develop 40 new all-electric and hybrid models by 2022.
It also marks the first time that the name of Mustang, famous for its original model which has remained in uninterrupted production since its debut in 1964, is being used on a new electric vehicle.
As of August 2018, over 10 million Mustangs, an icon of American pop culture, had been produced in the ..
German Industrial Job Losses Top 80,000 With Daimler Cuts
German Industrial Job Losses Top 80,000 With Daimler Cuts Bloomberg | Nov 15, 2019 at 5:00 AM Germany’s economy may have narrowly avoided a recession, but the pressure on the country’s industry shows no sign of abating.
Honda profit plummets
Honda Atlas Cars reported a 50 per cent drop in its profit after tax down to Rs509.7 million in the July to September period of its half yearly financial results filed with the stock exchange on Thursday.The fall in sales revenue is largely due to a fall in sales volume dropping by 67pc year-on-year.HCAR saw its gross margin improve by 288 basis points to 10.4pc “on back of higher car prices and cost efficiencies” in the second quarter.
Ferrari Roma coupe unveiled
Ferrari has unveiled the new Roma.The luxury coupe can make 0-100 kmph in 3.4 seconds and 0-200 kmph in 9.3 seconds.Ferrari Roma’s chassis makes use of the modular technology developed by the luxury sports car manufacturer for its new generation models.
German auto giant BMW presents research facility for battery cells in Munich
BERLIN, Nov. 15 (Xinhua) — German auto giant BMW presented a battery cell research center on Thursday to “advance battery cell technology and carefully dissect the production processes.”
According to BMW, total investments for the research center in Munich, where 200 people will be employed, are 200 million euros (219.9 million U.S. dollars).
Battery cell technology is a “key success factor” for BMW vehicle fleet because it affects both the operational performance of cars as well as battery costs, said Oliver Zipse, chief executive officer of BMW.
BMW announced that it would not manufacture the battery cells itself but would only develop batteries specially tailored to the needs of its cars in cooperation with the battery manufacturers. Furthermore, scientists at the facility would research new materials to produce battery cells.
Employee representatives at the BMW Group would be “actively involved” with the aim of developing expertise within the company to secure jobs “for the long t..
Hyundai to Roll out Pickup Trucks at Its U.S. Plant
Hyundai will manufacture a pickup truck exclusively for the North American market.The automaker expects to bank on the Santa Cruz to boost its profitability, as pickup trucks are the most popular vehicles in the U.S.Sport utility vehicles accounted for 72.1 percent of total car sales there for this year, and an estimated 20 percent of them were pickup trucks.
Hyundai Motor launches mobility service venture in Los Angeles
It plans to expand the service from autonomous ridesharing to multimodal transportation.MoceanLab is Hyundai’s latest effort to transform itself into a mobility solutions provider.It also formed a joint venture with Aptiv in September to focus on developing autonomous technology.
Alabama-built Hyundai Santa Cruz pickup in the works
Hyundai has confirmed plans for an Alabama-built pickup called the Santa Cruz.Along with its sleek styling, the Santa Cruz concept featured an extended cab with rear-hinged half-doors and a unique extendable bed that gave it the carrying capacity of a midsize pickup.Hyundai has not confirmed either feature or the final styling for the production vehicle.
German carmaker Daimler presents new business strategy for coming years
BERLIN, Nov. 14 (Xinhua) — The German car manufacturer Daimler on Thursday presented a new sustainable business strategy with a “clear commitment” to CO2-neutral mobility as well as cost-cutting measures.
According to Daimler, global regulatory CO2 targets would require ongoing high investment. The growing range of plug-in hybrids and all-electric vehicles was leading to cost increases that would have a negative impact on the return on sales of Mercedes-Benz cars.
In Daimler's core business alone, Mercedes-Benz Cars, the car manufacturer planned to save more than 1 billion euros (1.1 billion U.S. dollars) in personnel costs by the end of 2022. To this end, Daimler was seeking to cut jobs both in management and in non-production areas such as logistics and accounting.
According to Daimler, it would be in close contact with its employee representatives “in order to make the measures as acceptable as possible.”
With the business strategy, Daimler was also seeking to improve its free..