Author: World_Newz Mon

World NM: No decision yet on Ssangyong Motor’s speedier bankruptcy plan: main creditor000815

The main creditor of SsangYong Motor Co. said Tuesday it has yet to decide on the cash-strapped automaker’s push for a speedier bankruptcy procedure as SsangYong failed to receive approval from its potential buyer. The pre-packaged plan is a combination of workout and court protection under which a restructuring plan is agreed upon prior to… Continue reading World NM: No decision yet on Ssangyong Motor’s speedier bankruptcy plan: main creditor000815

World NM: Ford cars will run on Google’s Android starting in 2023000814

Ford and Google have announced a six-year strategic partnership under which vehicles from the brand, including Lincoln models, will run Android starting 2023. The new partnership will give millions of Ford cars access to Google’s suite of services like Google Maps and Google Assistant. The partnership will also mean Ford will employ Google Cloud as… Continue reading World NM: Ford cars will run on Google’s Android starting in 2023000814

World NM: Ford, Google announce technology partnership000811

Ford and Google announced a new partnership Monday to allow Ford and Lincoln vehicle models will feature Android and Google apps and services built-in by 2023. Vehicles at all price levels will have access to Google’s offerings. The deal will fast track the implementation of data-driven business models where customers can receive real-time notices such… Continue reading World NM: Ford, Google announce technology partnership000811

World NM: Ford to use Google’s automotive tech and cloud services000810

Ford is teaming up with Google for in-car tech. The companies announced on Monday that Ford’s future vehicles will use an Android-based infotainment system and that the automaker will transition its operations from Amazon Web Services to the Google Cloud through a six-year deal that begins in 2023. Apple CarPlay smartphone integration and Amazon’s Alexa… Continue reading World NM: Ford to use Google’s automotive tech and cloud services000810

World NM: GM’s electric car push could put China in the driver’s seat000805

THE business of making cars has reached a critical juncture The world’s shift to electric cars “is based on the Chinese technological road map”. Mr Wan, who had also served as president and as director of the Center of Automotive Engineering at Tongji University in Shanghai, was a passionate advocate of electric cars. Go to… Continue reading World NM: GM’s electric car push could put China in the driver’s seat000805

World NM: Tesla’s dirty little secret: Its net profit doesn’t come from selling cars000804

New York (CNN Business)Tesla posted its first full year of net income in 2020 — but not because of sales to its customers. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla. Its automotive gross profit, which compares total revenue from its car… Continue reading World NM: Tesla’s dirty little secret: Its net profit doesn’t come from selling cars000804

World NM: SsangYong Motor Q4 loss widens amid pandemic000799

SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Friday its fourth-quarter net losses widened from a year earlier due to weak sales amid the coronavirus pandemic. Mahindra acquired a 70 percent stake in SsangYong for 523 billion won in 2011 and now holds a 74.65 percent stake in… Continue reading World NM: SsangYong Motor Q4 loss widens amid pandemic000799

World NM: SsangYong Motor says deal with potential buyer is ‘still under way’000790

SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Thursday that its Indian parent company is still in talks to sell its controlling stake, denying media reports that the deal has fallen through. Ssangyong filed for court receivership on Dec. 21 after the SUV-focused carmaker failed to obtain approval… Continue reading World NM: SsangYong Motor says deal with potential buyer is ‘still under way’000790

World NM: EU jump-starts battery development projects with more subsidies 27.01.2021000780

The aim by 2025 was an EU battery industry capable of powering at least six million electric cars, EU commission vice-president Maros Sefcovic, responsible for the bloc’s strategic futures planning. The European Commission’s approval of €2.9 billion ($3.5 billion) in subsidies is the second such pan-European scheme, following €3.2 billion approved in 2019 across seven countries. Last… Continue reading World NM: EU jump-starts battery development projects with more subsidies 27.01.2021000780