Author: World_Newz Mon

World NM: Bugatti halt plans new supercar amid pandemic woes000241

French automaker Bugatti has announced that it will be putting plans for a second model to go alongside the Chiron model ahead of parent company Volkswagen’s investment review next month. The deicision was made owing to the damage the automotive industry has faced in the wake of the Covid-19 pandemic, ramifications that can be felt… Continue reading World NM: Bugatti halt plans new supercar amid pandemic woes000241

World NM: GS Caltex to acquire stake in Vietnamese startup VI Automotive Service000238

GS Caltex Corp., South Korea’s second-largest refiner by sales, said Wednesday that it has signed a deal worth 39 billion Vietnamese dong (US$1.6 million) with Vietnamese startup VI Automotive Service in its first investment in the emerging country. VietWash, a subsidiary of VI Automotive Service, operates about 50 car washes in Vietnam. GS Caltex is… Continue reading World NM: GS Caltex to acquire stake in Vietnamese startup VI Automotive Service000238

World NM: McLaren unveils first ‘mass market’ hybrid supercar000233

McLaren has begun final testing of its first production electric hybrid supercar before it goes on sale early next year. It will be the first McLaren to be built around the carbon-fibre lightweight chassis made at the company’s new composites technology centre in Sheffield. As well as a V6 petrol engine, the hybrid will have… Continue reading World NM: McLaren unveils first ‘mass market’ hybrid supercar000233

World NM: DRB to invest 1 bln rubles in production of Hyundai car parts in Leningrad region000210

ST. PETERSBURG, September 30. / TASS /. The DRB RUS company (the Russian subdivision of the South Korean company DRB) will build a plant in the Leningrad Region for the production of components for Hyundai cars with an investment worth 1 billion rubles, according to the agreement on cooperation that signed by Governor Alexander Drozdenko… Continue reading World NM: DRB to invest 1 bln rubles in production of Hyundai car parts in Leningrad region000210

World NM: Uber weighs purchase of BMW-Daimler ride-hailing venture000205

Uber Technologies Inc is considering a purchase of Daimler AG and BMW AG’s ride-hailing joint venture Free Now, a deal that could boost its market share in Europe and Latin America. Daimler valued the equity investment in its half of the Your Now venture at 618 million euros (S$990 million) at the end of June.… Continue reading World NM: Uber weighs purchase of BMW-Daimler ride-hailing venture000205

World NM: KDB open to supporting SsangYong000194

By Park Jae-hyuk Korea Development Bank (KDB) Chairman Lee Dong-gull hinted Monday the state-run bank is still open to offering financial support to HAAH Automotive Holdings. In lieu of HAAH’s detailed investment plan and its commitment to the Korean car manufacturer, KDB is expected to be considering offering some financial help. During the press conference,… Continue reading World NM: KDB open to supporting SsangYong000194

World NM: Chinese automaker unveils flying electric car000187

Sept. 26 (UPI) — A Chinese auto maker revealed an electric flying vehicle at the 2020 Beijing International Automotive Exhibition Saturday. The car, dubbed the Kiwigogo, can carry up to two passengers and is designed to flow at altitudes between 16 and 82 feet, according to Xpeng Motors, the Alibaba-backed manufacturer that produced the car.… Continue reading World NM: Chinese automaker unveils flying electric car000187

World NM: Geely Unveils New Platform in Push to Develop Self-Driving Electric Cars000181

Chinese automaker Zhejiang Geely Holding Group Co. Ltd. debuted its first electric-vehicle focused modular platform on Thursday, as part of its five-year plan to produce self-driving electric vehicles. Hong Kong-listed Geely Group has invested over 18 billion yuan ($2.65 billion) in developing the new platform, but it faces stiff competition in the electric vehicle platform… Continue reading World NM: Geely Unveils New Platform in Push to Develop Self-Driving Electric Cars000181

World NM: Hyundai Motor Group hires ex-PSA powertrain expert000176

Raposo will be responsible for engine, transmission and electrification development for Hyundai Motor Co. and Kia Motors Corp. starting Monday. Raposo served in the R&D division involving powertrain, electric vehicle and battery development at Renault S.A., Nissan Motor Co. and Peugeot carmaker Groupe PSA for 30 years. Hyundai Motor Group has hired former BMW designer… Continue reading World NM: Hyundai Motor Group hires ex-PSA powertrain expert000176