Author: World_Newz Mon

World NM: Fiat Chrysler setting up $150 million global digital hub in Hyderabad000623

Automotive major Fiat Chrysler Automobiles (FCA) is setting a global digital hub in Hyderabad with an investment of $150 million. The global digital hub will serve as a transformation and innovation engine for FCA and drive global IT strategy and deliver excellence through a robust platform, technology and service centres of excellence. The global digital… Continue reading World NM: Fiat Chrysler setting up $150 million global digital hub in Hyderabad000623

World NM: Hyundai Motor promotes domestic sales biz head to CEO000618

Hyundai Motor Group, South Korea’s second-largest conglomerate, on Tuesday named the new CEO for its flagship unit in its latest senior executive reshuffle focusing on future growth. The automotive titan promoted Chang Jae-hoon, an executive vice president who led Hyundai Motor Co.’s domestic sales business and its luxury marquee Genesis, to president and CEO of… Continue reading World NM: Hyundai Motor promotes domestic sales biz head to CEO000618

World NM: Israeli company imports electric cars from Chinese automaker DFSK000615

JERUSALEM, Dec. 14 (Xinhua) — Israeli car dealership Talcar Motors said Monday that it started to import electric cars from Chinese car maker DFSK. According to the importer, the first shipment of Seres 3 car model from China is on its way to Israel, and the sale will begin in the first quarter of 2021.… Continue reading World NM: Israeli company imports electric cars from Chinese automaker DFSK000615

World NM: Li Auto sets no date for electric project000611

Nasdaq-listed startup Li Auto is conducting “pre-research” on pure electric cars, but the extended-range vehicle maker said on Thursday there is not a deadline when it will go ahead. Its pure electric vehicles will be manufactured based on the next generation of electric technologies, which are expected to include super-fast charging technology, high-voltage charging platforms… Continue reading World NM: Li Auto sets no date for electric project000611

World NM: Master Changan Motors unveils all-new Changan Alsvin000605

KARACHI-Master Changan Motors Limited unveiled the latest generation, Pakistan’s first Euro-5 Smart sedan car, the Changan Alsvin, at a press conference held in Karachi on Friday at a hotel. Alongside this, the car has 1.5 litres 5-speed Dual-Clutch Automatic Transmission (DCT); and at the top of the line, will be the luxurious “Lumiere” edition with… Continue reading World NM: Master Changan Motors unveils all-new Changan Alsvin000605

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