Category: Official Press Release

Kia Motors posts global sales of 247,176 vehicles in May

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Kia Motors Corporation announced its May 2018 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 247,176 units sold, increasing 9% from 2017. In May, the company’s overseas sales climbed 9.2% compared to the previous year, posting 200,130 units with strong sales of compact SUV Sportage, answering to the growing SUV demands in global market. Sales in Korea totaled 47,046 units, representing an increase of 8.1% compared with the same month last year. The growth was due to the strong sales of its all-new world class luxury flagship sedan K900, which was revealed early April. Kia’s best-selling model in the global markets during May 2018 was the Sportage compact SUV with 48,074 units sold. The Rio subcompact sedan was the second best seller with 32,078 units sold, followed by the Forte, also known as K3 in some markets, compact sedan with 30,654 units sold. Kia Motors expects to gain ..

‘Boundless for all’: Kia presents vision for future mobility at CES Asia 2018

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Kia Motors exhibits autonomous, connected and eco/electric technologies at CES Asia 2018Collaborations with Baidu and Tencent QQ Music for innovative infotainment systemsFull Kia model range to be ‘connected’by 2030Niro EV Concept previews technologies for future eco-friendly vehiclesKia to commercialize Level 4 autonomous vehicles in smart cities by 2021Kia Motors today presents its vision for the future of mobility at the 2018 Consumer Electronics Show (CES) Asia in Shanghai. Under its new ‘Boundless for all’ vision, Kia is working towards a future in which opportunities for mobility and transportation are limitless. To broaden horizons with its mobility services, Kia is also demonstrating a range of new technologies as part of its new ‘Mobility-ACE’ strategy, to make its cars more Autonomous, Connected and Eco/Electric. “In the future, various technologies will coexist to allow customers to enjoy different lifestyles in increasingly complex..

Kia Motors Announces Overseas Business Reorganization

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Regional headquarters for North America and Europe established Reorganization to support sustainable future growth of the company Regional HQs empowered to swiftly respond to market trends and customer needsCompany aims to complete global reorganization by 2019 Kia Motors Corporation today announced organizational changes within its overseas operations, as the company grants greater autonomy to each region in an effort to spur sustainable growth and enhance innovation. As a first step in its global business reorganization, the company has launched Kia Motors North America Headquarters and Kia Motors Europe Headquarters, effective July 2. More overseas markets will be transformed into regional headquarters as the company aims to complete its global reorganization by 2019. These changes are in line with last October’s restructuring at Kia’s headquarters in Seoul, which saw the establishment of a Global Operations Division. Each regional unit’s r..

Lyft and Ground Up PDX introduce Cashew Chai

This spring, Lyft has teamed up with Ground Up PDX, a Portland company that employs women overcoming adversity, to debut the customized nut butter flavor, Cashew Chai — a flavor imagined by Lyft driver and aspiring teacher Melanie H. With each jar sold, Lyft will donate a ride to nonprofit Outside In to help a… Continue reading Lyft and Ground Up PDX introduce Cashew Chai

TI Automotive Announces Issuance of Conditional Notice of Full Redemption of 8.75% Senior Notes

AUBURN HILLS, Michigan (June 15, 2018) — TI Group Automotive Systems, L.L.C. (“TI Automotive”) and Omega Newco Sub, Inc. (together with TI Automotive, the “Issuers”), today announced they have elected, subject to the satisfaction of the Financing Condition (as defined below), to redeem all of their outstanding 8.75% Senior Notes due 2023, CUSIP numbers 68216P… Continue reading TI Automotive Announces Issuance of Conditional Notice of Full Redemption of 8.75% Senior Notes

TI Automotive Announces Closing of 8.75% Senior Notes Tender Offer and Consent Solicitation

AUBURN HILLS, Mich. (November 8, 2017) — TI Group Automotive Systems, L.L.C. and Omega US Sub, LLC (together, “TI Automotive”), today announced the closing of its previously announced cash tender offer (the “Tender Offer”) for up to $229,500,000 aggregate principal amount of its outstanding 8.75% Senior Notes due 2023 (the “Notes”) and concurrent solicitation of… Continue reading TI Automotive Announces Closing of 8.75% Senior Notes Tender Offer and Consent Solicitation

TI Automotive Announces Early Results of Tender Offer and Consent Solicitation

AUBURN HILLS, Mich. (October 24, 2017) — TI Group Automotive Systems, L.L.C. and Omega US Sub, LLC (together, “TI Automotive”), today announced the early results for the previously announced cash tender offer (the “Tender Offer”) for up to $229,500,000 aggregate principal amount (the “Maximum Tender Cap”) of its outstanding 8.75% Senior Notes due 2023 (the… Continue reading TI Automotive Announces Early Results of Tender Offer and Consent Solicitation

Kia Motors posts global sales of 251,216 vehicles in June

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Kia Motors Corporation announced its June 2018 global sales figures for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 251,216 units sold, an increase of 5.9% from 2017. This marks year-on-year increase for the fourth month in a row. Overseas sales climbed 7.8% compared to the previous year, posting 205,216 units. Sales momentum was led by Kia’s SUV Lines. Sorento saw sales soar more than 40 percent compared to June 2017 with 22,832 total units. Sportage also had a strong month as sales increased 19.6% over the previous year. Sales in Korea totaled 46,000 units, representing a decrease of 2.2% compared with the same month last year. The minor drop was due to reduced working days including Local Election Day. Kia’s best-selling model in the global markets during June 2018 was the Sportage compact SUV with 45,725 units sold. The Rio subcompact sedan was the second best seller with 33,012 units sold, fol..

Lidar Poised to Enter the Automotive Mass Market

May 3, 2019 Marta Hall speaking at CES 2019 Autonomous vehicles are the next big thing for the automotive industry with lidar technology seen as an essential component to making this happen. iMicronews featured an in-depth interview story with Marta Hall, Velodyne’s President & Chief Business Development Officer, that explored how lidar is poised to… Continue reading Lidar Poised to Enter the Automotive Mass Market

Bosch Mobility Solutions in China’s automotive market

Mobility Solutions is the largest Bosch Group business sector. According to preliminary figures, its 2018 sales came to 47 billion euros, or roughly 60 percent of total group sales from operations. This makes the Bosch Group one of the leading automotive suppliers. The Mobility Solutions business sector pursues a vision of mobility that is accident-free,… Continue reading Bosch Mobility Solutions in China’s automotive market