Author: World_Newz Mon

Hyundai Motor heir stresses customer-first value, partnerships with mobility firms

Hyundai Motor Group Executive Vice Chairman Chung Eui-sun has vowed to bring the focus back to customers and stressed that the group’s future success lies on building firm partnerships with global mobility companies.Chung had been invited to share his thoughts and priorities for the world’s fifth-largest automaker.Hyundai Motor Group Executive Vice Chairman Chung Eui-sun (left) speaks with Carlye Group Co-CEO Lee Kew-song during an event in Seoul.

BMW CEO’s future in doubt as tensions erupt on tackling shift to EVs

BMW AG chief executive officer Harald Krueger’s job is hanging in the balance as the luxury carmaker steers towards a future of electric and autonomous vehicles and navigates weakening markets.BMW – like other carmakers – is making a costly transition to electric cars and new business models, and is confronting deep-pocketed tech competitors encroaching with new mobility options including ride hailing.Daimler, Toyota Motor Corp and Volvo Cars, meanwhile, have forged partnerships with Uber Technologies Inc, while Jaguar Land Rover is teaming up on self-driving electric cars with Alphabet Inc’s autonomous vehicle unit Waymo.

Ford Sollers will maintain dealership network in all Russian regions

MOSCOW, May 22. / TASS /. Ford Sollers, a joint venture between the American car manufacturer Ford and the Russian Sollers, announced that it would maintain dealership networks in all Russian regions, the company said in a statement on Wednesday.
“At the moment, more than 100 dealership centers, which is 85% of the total, have confirmed their intention to continue working with the Ford brand. We're continuing to accept applications, and the company plans to extend dealer contracts with 99% of the network,” said Ford Sollers said in a statement.
They added that maintaining the dealership network is a priority for the company. “More than half of Ford Sollers dealers will be engaged in both selling and servicing Ford Transit, and repairing and servicing Ford cars, the rest – solely maintenance and repair,” the press service said.
As previously reported, the new joint venture Ford Sollers, will be created at the existing Ford Sollers Yelabuga plant, and will begin operation starting o..

Mushroom announces latest strategy

Mushroom, an IoV, or Internet of Vehicles firm, announced its latest solution utilizing “AI cloud, operating system, smart terminal and sensor” technologies to provide customized service to drivers, on Wednesday.The customized car operating system can run in ARM, X86 and other hardware architectures to have a rich, multi-mode interaction ability that can fully adapt to more than 1,000 mainstream car models.Thanks to dynamic mobile communication systems that communicate between vehicles and public networks, IoV technology enables information sharing on vehicles, roads and their surroundings, effectively helping guide and supervise vehicles, and providing abundant multimedia and mobile internet application services.

Over 250 Ford employees in Naberezhnye Chelny let go – administration

KAZAN, May 20. / TASS /. More than 250 employees at the Ford Sollers enterprise in Naberezhnye Chelny, Tatarstan were dismissed by the agreement of the parties, said the director of the Naberezhnye Chelny Employment Center Tatiana Bydanova at the mayor's office meeting on Monday.
“So far, the first stage of the Ford Sollers has taken place, 266 people were dismissed by agreement of the parties. Employees did not apply to the employment center, only three women asked for advice, the rest were employed independently,” she said. As the Mayor of Naberezhnye Chelny, Nail Magdeev, noted, that the city administration had predicted that a large number of enterprises that opened within the framework of the priority development area “would be snap up Ford Sollers employees like hotcakes”.
In April, the mayor ordered to find jobs for 802 Ford Sollers employees in Naberezhnye Chelny, which represents 94% of the total number of dismissed employees. In total, 851 people and 14 employees of the ..

Crisis-hit Nissan shakes up board, keeps boss

Japanese car giant Nissan shook up its executive board Friday.The firm will propose to shareholders a new board structure with 11 members, six of whom will be external, as Nissan attempts to improve corporate governance in the wake of former chairman Ghosn’s arrest for alleged financial misconduct.Ghosn was the driving force between bringing the firms together and has since alleged that Nissan launched an investigation into him over fears he was hoping to merge the Japanese and French companies.

BMW CEO faces criticism for bad Q1 results and lack of ambitious electric strategy

BERLIN, May 16 (Xinhua) — Harald Krueger, chief executive officer (CEO) of the German luxury car maker BMW, faced a tough audience of shareholders at BMW's Annual General Meeting (AGM) in Munich on Thursday.
“Currently, only bad news comes from BMW,” said Janne Werning from the German fund company Union Investment at the AGM.
Last week, the German car manufacturer reported its first loss in a decade in the main automotive division of BMW in the first quarter of 2019.
The German car maker's operating profits (EBIT) fell by 78 percent to 589 million euros (658.5 million U.S. dollars) in Q1 of 2019, compared to 2.7 billion euros in Q1 of 2018.
BMW's profit margin in the automotive business has been below the company's target value of 8 percent for months.
Although the Munich carmaker sold more cars last year than in the previous year, profit before taxes fell to 9.8 billion euros and are expected to fall below 8.9 billion euros this year.
Daniela Bergdolt, vice presid..