Category: Official Press Release

Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Technology

COLUMBUS, Ind. & SEOUL, Korea–(BUSINESS WIRE)–Hyundai Motor Company and Cummins Inc. (NYSE: CMI), announced today that the two global powertrain leaders have entered into a memorandum of understanding (MOU) to jointly evaluate opportunities to develop and commercialize electric and fuel cell powertrains. These new powertrains are expected to be developed by combining Hyundai’s fuel cell… Continue reading Hyundai Motor Company and Cummins to Collaborate on Hydrogen Fuel Cell Technology

Ferrari signs new Performance bonus agreement for its Italian workforce, further investing in its employees

Maranello, September 26, 2019 – Ferrari N.V. (NYSE/MTA: RACE) and the trade unions yesterday signed a new Performance bonus agreement, which will be in force from 2020 to 2023, in the context of the trade union relationships as normed by the Collective labour agreement (CCSL). The agreement improves the economic conditions and places a strong… Continue reading Ferrari signs new Performance bonus agreement for its Italian workforce, further investing in its employees

Subaru of America Achieves Second Major Recycling Milestone In Less Than Six-Months

“At a time when the environment has never been more at risk and therefore extremely vital to protect, this incredible milestone means so much to us at Subaru,” said Alan Bethke, Senior Vice President of Marketing, Subaru of America, Inc. “Through our partnership with TerraCycle, in a mere six months after announcing our first milestone,… Continue reading Subaru of America Achieves Second Major Recycling Milestone In Less Than Six-Months

Toyota Announces Leadership Changes at Manufacturing Facilities in Indiana and West Virginia

PLANO, Texas, Sept. 26, 2019 /PRNewswire/ — Toyota North American Operations (TMNA) today announced the appointment of Leah Curry as president of Toyota Motor Manufacturing, Indiana (TMMI) and Srini Matam as president of Toyota Motor Manufacturing, West Virginia (TMMWV), effective October 1. This announcement follows the decision by Millie Marshall, president of TMMI, to retire effective… Continue reading Toyota Announces Leadership Changes at Manufacturing Facilities in Indiana and West Virginia

Hyundai Mobis Develops a New Brake System That Will Enhance the Safety of Autonomous Cars!

SEOUL, South Korea–(BUSINESS WIRE)–Hyundai Mobis (KRX:012330) developed a new safety brake system optimized for fully autonomous driving that is level 4 or higher. Hyundai Mobis announced that the company succeeded in developing the ‘redundancy brake system’ in which the emergency brake system is activated by itself even if the brakes do not work normally due… Continue reading Hyundai Mobis Develops a New Brake System That Will Enhance the Safety of Autonomous Cars!

Maserati announces plans for all-new models to be developed, electrified and produced in Italy

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