By Baek Byung-yeul Kia has vowed to improve its electric vehicle (EV) sales, and will release 11 EV models by 2026, while transforming itself into a total mobility company, the Hyundai Motor Group affiliate said Tuesday. In the U.S. market, which accounts for the largest portion of Kia’s sales and profits, the company plans to… Continue reading World NM: Kia to transform itself into EV carmaker000841
Author: World_Newz Mon
World NM: Russian Railways does not renounce Gefco stake sale000836
/Update/ MOSCOW, February 8. /TASS/. Russian Railways keeps plans of selling shares in the international logistical operator Gefco, First Deputy CEO of the Russian railway operator Vadim Mikhailov told reporters on Monday. “Gefco [sale] was in plans in 2020. We do not remove [this topic] from the agenda. The question of the form of the… Continue reading World NM: Russian Railways does not renounce Gefco stake sale000836
World NM: Meet Lunaz Design, the firm turning old-school Rolls-Royces and Bentleys into new-age, red-carpet worthy EVs000828
There will come a time when cars that use fossil fuels to get around will be a novelty, and our roads will be packed with cars silently flinging passengers along with electricity. Once the hard bit of figuring out how the powertrain and electrics are going to fit and work within the framework of an… Continue reading World NM: Meet Lunaz Design, the firm turning old-school Rolls-Royces and Bentleys into new-age, red-carpet worthy EVs000828
World NM: Ford ceases electric vehicle plan with China’s Zotye000827
Ford has decided to terminate its agreement with Chinese automotive company Zotye over an electric vehicle joint venture, the automaker announced on Thursday. Ford’s original ambition was to build a $756 million joint venture into electric vehicle technology in China to build small electric passenger vehicles. Electric vehicle sales are currently forecast to account for… Continue reading World NM: Ford ceases electric vehicle plan with China’s Zotye000827
World NM: Ford posts $1.3b loss for 2020000825
Ford Motor Company reported a loss of $2.8 billion and a revenue of $36 billion in the fourth quarter of 2020. For the whole year of 2020, the Dearborn-based automaker reported a loss of $1.3 billion and a revenue of $127.1 billion. The US automaker generated $1.9 billion in adjusted free cash flow in the… Continue reading World NM: Ford posts $1.3b loss for 2020000825
World NM: Tesla’s Shanghai factory produces superchargers000824
Tesla Inc has started producing electric vehicle superchargers at its new plant in Shanghai, as the US electric carmaker continues to expand its footprint in China, the world’s largest automobile market. Total EV sales in China reached 1.3 million units in 2020, up from 1.1 million units in 2019. Xpeng Motors, another Chinese electric carmaker,… Continue reading World NM: Tesla’s Shanghai factory produces superchargers000824
World NM: SsangYong urged to draw ‘specific’ outcomes in talks with investors000823
By Lee Min-hyung Korea Development Bank (KDB) has reiterated its unwavering position that no financial support will be made to SsangYong Motor, unless the cash-strapped carmaker comes to “specific” terms with a potential investor over its rehabilitation plans. This is in response to SsangYong Motor’s recent announcement that it will keep engaging in negotiations with… Continue reading World NM: SsangYong urged to draw ‘specific’ outcomes in talks with investors000823
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