Author: World_Newz Mon

World NM: A wild feud between VW and one of its suppliers led to a ‘spy hunt’, an apparent suicide, and now a $500 million lawsuit000603

Volkswagen’s legal department has been fighting one fire after another: For years, lawyers at the global corporation have been fighting waves of lawsuits from customers and investors as a result of the Dieselgate scandal. Lear and Adient are “Tier 1” suppliers, the largest in their industry, whereas Prevent was a “Tier 2” supplier in the… Continue reading World NM: A wild feud between VW and one of its suppliers led to a ‘spy hunt’, an apparent suicide, and now a $500 million lawsuit000603

World NM: Market expects Hahn & Co. to exit Hanon Systems soon000580

US firm’s takeover considered best-case scenario By Park Jae-hyuk Stock investors are betting more on Hanon Systems with expectation that its largest shareholder Hahn & Company will unload its stake in the near future. This means it has a preferred right to acquire the Hanon Systems stake before Hahn & Co. sells it to anyone… Continue reading World NM: Market expects Hahn & Co. to exit Hanon Systems soon000580

World NM: Uzbek carmaker UzAuto Motors ensures 150 mln euros syndicated loan000557

TASHKENT, Nov. 30 (Xinhua) — Uzbekistan’s state-owned carmaker UzAuto Motors and Credit Suisse AG London Branch signed an agreement on an international syndicated loan for up to 150 million euros (179.6 million U.S. dollars), UzAuto Motors said Monday. As its debut in international syndicated loan market, this agreement has become a landmark deal for UzAuto… Continue reading World NM: Uzbek carmaker UzAuto Motors ensures 150 mln euros syndicated loan000557

World NM: BMW to recall 740 imported cars in China000556

Automotive Trading Ltd. will recall 740 imported cars in the Chinese market due to faulty front tie rods. The bearing seat of the right front tie rod of the front axle girder may not be firmly welded, leading to a risk that the right front wheel of the vehicle might fall off the vehicle. The… Continue reading World NM: BMW to recall 740 imported cars in China000556

World NM: UK’s sole hydrogen carmaker Riversimple, bets on green revolution000554

HYDROGEN-POWERED car manufacturer Riversimple is hoping to steal a march on competitors ahead of Britain’s promised “green revolution” that would see petrol-powered cars banned within 10 years. Starting from scratch will give him an advantage, he hopes, over manufacturing giants that are focussed on adapting petrol-driven models to run on hydrogen fuel. Rasa will begin… Continue reading World NM: UK’s sole hydrogen carmaker Riversimple, bets on green revolution000554

World NM: Tesla to set up plant in Shanghai for EV chargers000542

Tesla plans to invest 42 million yuan ($6.4 million) in the new charger factory. Spread over an area of 4,841 square meters, the plant, set to be completed by February 2021, will have an annual production capacity of 10,000 chargers. China boasts the largest number of electric vehicle charging facilities in the world-over 1.32 million… Continue reading World NM: Tesla to set up plant in Shanghai for EV chargers000542

World NM: McLaren Artura: British carmaker confirms its next-generation hybrid supercar000516

McLaren Automotive will bring the full force of its expertise in hybrid powertrain engineering to the supercar class next year with the introduction of the new Artura, a high-performance hybrid. Powered by an all-new compact twin-turbocharged V6 petrol engine, the Artura combines an electric motor in a new lightweight powertrain that retains the performance benefits… Continue reading World NM: McLaren Artura: British carmaker confirms its next-generation hybrid supercar000516

World NM: Huachen Automotive Group enters bankruptcy restructuring000494

Huachen Automotive Group Holdings has entered bankruptcy restructuring. The state-owned conglomerate is the parent of Brilliance China Automotive Holdings. Since the launch of the joint venture in 2003, BMW has invested over 52 billion yuan in Shenyang and completed the building of two automotive factories, one powertrain plant, and one research and development center. Go… Continue reading World NM: Huachen Automotive Group enters bankruptcy restructuring000494

World NM: Mini Vision Urbanaut concept, a mini van000465

The moment we say Mini, the first thing which comes to our mind is a quirky little small car. The front end of the Mini Vision Urbanaut represents a clear evolution of two Mini design icons the headlights and radiator grille. Unusually tall for a Mini, but only 4.46m in length, the Vision Urbanaut provides… Continue reading World NM: Mini Vision Urbanaut concept, a mini van000465