Buy Photo Munro & Associates CEO Sandy Munro discusses design flaws he has found with the body of a Tesla Model 3 that was part of a reverse engineering event at Munro & Associates in Auburn Hills on Wednesday April 25, 2018. (Photo: Mandi Wright, Detroit Free Press)Buy Photo The Tesla Model 3 appears to… Continue reading Tesla Model 3: Highly innovative, but built with 'dinosaur technology'
Category: News Type
(2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales
(ATTN: ADDS analyst comment and stock price in paras 5-8) By Choi Kyong-ae SEOUL, April 26 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. In an earnings shock, net profit for the… Continue reading (2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales
(LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand
(ATTN: ADDS details in paras 3-4) SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent on the strong won and sluggish demand in China. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9… Continue reading (LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand
Hyundai Mobis Q1 net falls 39 pct on weak demand
SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent as demand from major clients remained weak. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9 billion won a year earlier, the company said… Continue reading Hyundai Mobis Q1 net falls 39 pct on weak demand
Hyundai Mobis outlines growth plans in line with group’s streamlining
SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, on Thursday outlined its growth plans in line with its parent Hyundai Motor Group’s broad governance restructuring program. The move comes after Hyundai Motor Group announced last month that auto parts supplier Hyundai Mobis will spin off its domestic… Continue reading Hyundai Mobis outlines growth plans in line with group’s streamlining
It’s a Bad Time to Stop Making Small Cars
April 26, 2018, 5:00 AM EDT
TOYOTA Connected Europe to bring advanced mobility services to the European market
TOYOTA Connected (TC) is expanding the global reach of its technology-driven mobility solutions with the launch of TOYOTA Connected Europe (TCEU). The new start-up company, based in London, will support the growing adoption of new mobility businesses in Europe with products and services tailored to the unique needs of the market. TOYOTA Connected North America’s… Continue reading TOYOTA Connected Europe to bring advanced mobility services to the European market
Tesla’s head of Autopilot leaves, ex-Apple exec to succeed
(Reuters) – Tesla Inc said on Thursday Jim Keller, the head of its low-voltage hardware, Autopilot software and infotainment, is leaving the automaker to focus on microprocessor engineering with another company. An advertisement promotes Tesla Autopilot at a showroom of U.S. car manufacturer Tesla in Zurich, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann Pete Bannon, who… Continue reading Tesla’s head of Autopilot leaves, ex-Apple exec to succeed
Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter
News Press Release News Group Wolfsburg, 26 April 2018 Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter The Volkswagen Group is off to a good start for the new fiscal year. Supported by record unit sales in the first quarter, Group sales revenue rose… Continue reading Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter
March decline for UK car manufacturing as industry repeats call for continued membership of customs union
147,471 cars roll off UK production lines in March, down -13.3% on same month in 2017. Output for home market falls for eighth consecutive month, by -17.7%, with exports also dropping -11.9%. Q1 manufacturing down -6.3% year on year to 440,426 units, with eight in 10 shipped overseas. SMMT restates need to maintain frictionless UK-EU… Continue reading March decline for UK car manufacturing as industry repeats call for continued membership of customs union