Category: News Type

Hyundai investing $388 mn to update Alabama plant, build other

Gov. Kay Ivey says the investment will create 50 jobs in the area with an average annual salary of $52,000. MONTGOMERY, Ala.: Officials say Hyundai is planning to invest more than $350 million to build a plant in Alabama and also update an existing one there. News outlets report the automotive manufacturer with headquarters in… Continue reading Hyundai investing $388 mn to update Alabama plant, build other

3700 jobs are lost, wage waivers, dismissal protection until 2023: restructuring pact at Opel stands

All articles and backgrounds 05/30/2018 3700 jobs are eliminated, wage waivers, protection against dismissal until 2023 Opel works council agrees rehabilitation pact DPA Last night, the works council and management agreed on Opel After weeks of struggle, Opel and workers have come to a compromise. To refurbish the car maker, 3700 jobs are lost and… Continue reading 3700 jobs are lost, wage waivers, dismissal protection until 2023: restructuring pact at Opel stands

UPDATE 1-Daimler leads $175 mln investment in Uber’s EMEA rival Taxify

LONDON (Reuters) – Estonia’s Taxify is set to step up its fight against global rival Uber [UBER.UL] across Europe and Africa after raising $175 million in funding from a group led by German automaker Daimler (DAIGn.DE). FILE PHOTO: The Taxify logo is pictured on a taxi cab in Riga, Estonia January 15, 2015. REUTERS/Ints Kalnins/File… Continue reading UPDATE 1-Daimler leads $175 mln investment in Uber’s EMEA rival Taxify

Nissan production, sales and export results for April 2018

YOKOHAMA, Japan (May 30, 2018) – Nissan Motor Co., Ltd. today announced production, sales and export figures for April 2018. 1. Production Nissan’s global production in April declined from a year earlier. Production in Japan surpassed year-earlier results for the second consecutive month. Production outside Japan declined from a year earlier. Production in the U.K.… Continue reading Nissan production, sales and export results for April 2018

Mazda Production and Sales Results for April 2018 (Flash Report)

2018/05/30 Production and Sales Mazda Motor Corporation’s production and sales results for April 2018 are summarized below. Note 1: Overseas production figures indicate Mazda-branded units coming off the production line (excluding CKD units). However, non-Mazda-branded passenger vehicles produced at the Mexico plant are included.Note 2: Global production figures are the sum of domestic and overseas… Continue reading Mazda Production and Sales Results for April 2018 (Flash Report)

Subaru Corporation Announces Production, Japan Sales and Export Results forApril 2018 (Flash Report)

May 30, 2018 < April 2018 > April 2018 Jan-Apr 2018 Units 2018 vs 2017 Units ’18 vs ’17 Domestic production *1 57,360 -3.4% 2nd consecutive month of y/y decrease 226,281 -4.4% Overseas production *2 28,771 -8.3% 5th consecutive month of y/y decrease 116,971 -13.0% Global production total 86,131 -5.1% 6th consecutive month of y/y… Continue reading Subaru Corporation Announces Production, Japan Sales and Export Results forApril 2018 (Flash Report)

Hyundai to use $388 million to expand Alabama plant

SEOUL, May 30 (Yonhap) — Hyundai Motor Co. said Wednesday it will invest 419 billion won ($388 million) to construct an engine head production facility at its existing Alabama plant. Engine heads to be produced at the Alabama plant will be used in new models of the Sonata and Elantra sedans. The head machining plant… Continue reading Hyundai to use $388 million to expand Alabama plant

Goodbye Cars, Hello Chips as Toyota Supplier Embraces Tech World

LISTEN TO ARTICLE SHARE THIS ARTICLE NSK Ltd. has been making transmissions and ball bearings for Japanese cars for half a century, but the 102-year old manufacturer is now undergoing a major shift as it supplies components critical to digital products and services. A photo illustration of NSK’s ball screws. Source: NSK Ltd. Sales of… Continue reading Goodbye Cars, Hello Chips as Toyota Supplier Embraces Tech World

Scooter sharing startup Bird said to be valued at $1b in Sequoia-led round

May 30, 2018 Bird, an electric scooter-sharing startup, is raising $150 million in a funding round led by Sequoia Capital that will value the company at $1 billion, people familiar with the matter said. This is the first batch of money in this new round, and the company plans to raise more, said one of… Continue reading Scooter sharing startup Bird said to be valued at $1b in Sequoia-led round