South Korea’s exports of automobiles edged down 2.9 percent in July from a year earlier as the global supply shortages of automotive chips hindered production, data showed Wednesday. The ministry attributed the decrease to a low base effect, as overseas shipments of cars gathered ground in July 2020 after the demand sharply fell earlier in… Continue reading World NM: Auto exports down 2.9 pct amid shortages of automotive chips001475
Author: World_Newz Mon
World NM: India EV goal yet to clear roadblocks001474
Lack of charging points among barriers as incentives fail to impress carmakers And more measures are likely to be announced by the government to boost the production of the vehicles. Tata Motors and Mahindra Group, two big vehicle makers, and Tata Power have pledged to build 300 rapid-charging stations in five Indian cities by the… Continue reading World NM: India EV goal yet to clear roadblocks001474
World NM: Belgium race victory highlights Hyundai Motor chief’s commitment in auto technology001473
By Yi Whan-woo Hyundai Motor Group’s recent win at the World Rally Championship (WRC) illustrates Chairman Chung Euisun’s commitment to take Korea’s No. 1 carmaker to a higher level since taking office in October 2020. The two possibly most notable figures are Albert Biermann, the president and head of the R&D Division at Hyundai Motor… Continue reading World NM: Belgium race victory highlights Hyundai Motor chief’s commitment in auto technology001473
World NM: News digest: Schools should not be closed across the board001472
Moreover, the new alert system known as the Covid automat in Slovakia counts with in-person education for certain grades in all five tiers, including the black one, which has the strictest measures, the minister stressed. Those coming from other than a safe country need to submit a negative test result (PCR: no older than 72… Continue reading World NM: News digest: Schools should not be closed across the board001472
World NM: Super Cruise vs. BlueCruise: GM and Ford slug it out in trademark dispute001471
New York (CNN Business)As General Motors and Ford work to develop self-driving vehicles, their lawyers are busy battling over what they should be allowed to call the technology. Ford also filed papers with the US Patent and Trademark Office, asking that GM be stripped of its trademarks for both “Super Cruise” and the Cruise subsidiary,… Continue reading World NM: Super Cruise vs. BlueCruise: GM and Ford slug it out in trademark dispute001471
World NM: China Smartphone Assembler Says U.K. Chip Plant Purchase ‘Complete’001470
China’s largest smartphone assembler Wingtech Technology on Monday said it has completed its acquisition of the U.K’.s largest chip plant. The acquisition also came as China’s largest contract chipmaker Semiconductor Manufacturing International Corp. remains blacklisted by the U.S. government, restricting its access to American chip production tools needed to facilitate its tech advancement. This year,… Continue reading World NM: China Smartphone Assembler Says U.K. Chip Plant Purchase ‘Complete’001470
World NM: Yong Goon Park appointed as Managing Director, Mobis India After-Sales Parts Division001469
Yong Goon Park will be based in Gurugram, Haryana at Mobis India – Head Office where he will be leading the After-sales business operations for the Indian market. Mobis India supplies After-sales Parts and accessories to approx. 50,00,000 Hyundai cars running on Indian roads. It enjoys a wide network of its own Parts Distribution Centers… Continue reading World NM: Yong Goon Park appointed as Managing Director, Mobis India After-Sales Parts Division001469
World NM: Affinity, GIC, AlpInvest exit Hyundai Card001468
Affinity and the two other investors based abroad had been demanding that Hyundai Card go public within this year, when they bought their shares from General Electric for 370 billion won in 2017. Some market observers regarded the card firm’s aggressive collaborations with various other companies to release private label credit cards (PLCCs) as alternative… Continue reading World NM: Affinity, GIC, AlpInvest exit Hyundai Card001468
World NM: Ramkrishna Forgings bags multi-year order from European tier-1 customer001467
Ramkrishna Forgings Ltd said on Monday it has won a multi-year order from a European tier-one customer in auto segment worth 20 million euros (about Rs 175 crore). The order is to be implemented over four years distributed equally. Over the years, the company increased its forging and die making capacities, and added machining and… Continue reading World NM: Ramkrishna Forgings bags multi-year order from European tier-1 customer001467
World NM: Electric cars hit highway to the future001466
China leads way with clear strategy, rising demand Zhang and his wife are new fans of China’s burgeoning new energy vehicle, or NEV sector. He added that the focus will not only be on increasing market size, but also on making breakthroughs in core technologies to help China consolidate its leading position in the market.… Continue reading World NM: Electric cars hit highway to the future001466