Author: World_Newz Mon

World NM: Car factory tree protest continues in the face of storm001717

One of the tree protestors. Photo: Marcel van Hoorn ANP The Sterrebos area of woodland in Born, Limburg was fenced off at the weekend to stop more people from joining the protest against VDL Nedcar’s plan to chop down over 100 trees to make room for a new production area. Some fifteen people have been… Continue reading World NM: Car factory tree protest continues in the face of storm001717

World NM: Hyundai Achieves Record Earnings on SUV Boom001716

Automaker Hyundai achieved record-high earnings last year with operating profit surging a whopping 179 percent. The stellar performance stemmed from increased sales of SUVs and premium sedans overseas despite a shortage of automotive semiconductors. Sales increased in all major markets overseas except China, surging 26 percent in Europe to 590,000 cars and 22 percent in… Continue reading World NM: Hyundai Achieves Record Earnings on SUV Boom001716

World NM: Chip crisis pushes European car sales to new low001712

EU car sales fell to a new low last year as the auto sector was hobbled by the Covid pandemic and a shortage of computer chips, industry figures showed Tuesday. If the shortage of semiconductors was the major factor holding back a rebound, the EU also underperformed compared to the other major markets where the… Continue reading World NM: Chip crisis pushes European car sales to new low001712

World NM: General Motors Middle East appoints Sajed Sbeih as new vice president001711

Automotive company General Motors Africa and Middle East, or GM AMEO, has appointed Sajed Sbeih to the role of vice president of strategy, product & operations at GM Europe. Sbeih was previously serving as the managing director of commercial operations for GM Middle East & Sub-Saharan Africa. Also, Ajai Shankar, former finance director, is appointed… Continue reading World NM: General Motors Middle East appoints Sajed Sbeih as new vice president001711

World NM: General Motors names Saudi Petromin Corporation as new aftermarket wholesaler001706

RIYADH: US automotive company General Motors has appointed the Saudi lubricants and automotive services company Petromin Corp. as a new wholesale distributor for ACDelco in the Kingdom. ACDelco, a subsidiary of General Motors, is the region’s primary supplier of aftermarket products. Since 1998, it has produced and sold 50 million batteries in the region. Go to… Continue reading World NM: General Motors names Saudi Petromin Corporation as new aftermarket wholesaler001706

World NM: smart forfour Quietly Discontinued, SUV Replacement Incoming001701

Founded in 1994 by Daimler AG in collaboration with Swatch, smart launched the fortwo microcar in 1998 to much critical acclaim. A sporty roadster option followed in 2002, then the forfour launched in 2004. Fast forward to 2022, and smart is nothing more than a shadow of its former self. The online configurator presently lists… Continue reading World NM: smart forfour Quietly Discontinued, SUV Replacement Incoming001701

World NM: Tesla Recalls 675,000 Cars in U.S., China001700

Tesla has recalled 675,000 cars in the United States and China over issues with the trunk and front hood of two models, raising new questions about the safety of the popular electric vehicle. The problems with the trunk and hood increase the risk of crashes. An issue with the latch assembly for the front hood… Continue reading World NM: Tesla Recalls 675,000 Cars in U.S., China001700

World NM: Russia’s inflation keeps pace in November, private sector experiences a slight upturn: Macro snapshot001699

Annual inflation rate in Russia hit 8.39 percent in November, virtually unchanged from the previous month’s 8.4 percent, data from the country’s Federal State Statistics Service showed. In monthly terms, the inflation rate decelerated slightly to 0.82 percent in November from 0.96 percent in the previous month. The rate of cost inflation also spiked as… Continue reading World NM: Russia’s inflation keeps pace in November, private sector experiences a slight upturn: Macro snapshot001699

World NM: US trade deficit hits an all-time high driven by imports of industrial supplies001698

A 10 percent spike in purchases of industrial supplies prompted the US trade deficit to reach a record high of $97.8 billion in November. Despite a 4.3 percent rise in food shipments from the US, overall exports dropped by 2.1 percent from a month earlier to stand at $154.7 billion. Both sales of industrial supplies… Continue reading World NM: US trade deficit hits an all-time high driven by imports of industrial supplies001698