By Choi Kyong-ae SEOUL, April 24 (Yonhap) — General Motors Corp. and the state-run Korea Development Bank, the two biggest shareholders of GM Korea Co., are set to sign an initial funding agreement this week to help GM’s Korean unit stay afloat, the two companies said Tuesday. The KDB is expected to sign a preliminary… Continue reading KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week
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NHTSA widens safety probes of Ford, VW and Nissan vehicles
2012 Ford Fusion Hybrid: The 2012 Ford Fusion Hybrid, backed by more than 200 patents, uses a powertrain system that combines the best attributes of the gasoline engine and electric battery-driven motors to deliver an optimal experience for the customer in terms of driving performance and fuel economy. Ford Fusion Hybrid delivers best-in-class 41 mpg… Continue reading NHTSA widens safety probes of Ford, VW and Nissan vehicles
Byton teases its second “experience-driven” vehicle
Byton Byton wowed us at CES back in January with its first autonomous EV concept car, a smart SUV built for passenger comfort. At the Beijing Motor Show, the company teased its second vehicle concept, an electric sedan slated to go into series production in 2021. Byton isn’t releasing details for the unnamed sedan until… Continue reading Byton teases its second “experience-driven” vehicle
ADAC tests cars with emission standard Euro 6d-temp: New diesels are clean – but expensive and thirsty
All articles and backgrounds 04/23/2018 ADAC tests cars with emission standard Euro 6d-temp New diesels are clean – but expensive and thirsty BMW BMW X2 It goes: New diesel cars, which meet the emission standard Euro 6d temp, are apparently actually very clean. The first nitric oxide measurements of the ADAC on three vehicles suggest… Continue reading ADAC tests cars with emission standard Euro 6d-temp: New diesels are clean – but expensive and thirsty
Ionic Materials Raises $65 Million For Revolutionary Polymer Electrolyte
Ionic Materials, a company backed by Bill Joy and the automotive Alliance of Nissan, Renault and Mitsubishi, raised $65 million in Series C funding round. Ionic Materials Investors are attracted by the promise of a revolutionary polymer electrolyte for solid-state batteries that offers high conductivity at room temperature. Using the new electrolyte would enable production of… Continue reading Ionic Materials Raises $65 Million For Revolutionary Polymer Electrolyte
Ride-hailing app Careem reveals data breach affecting 14 million people
Careem, the ride-hailing company based in Dubai, revealed today it was the victim of a cyber breach. Hackers accessed the names, email addresses, phone numbers and trip data of anyone who signed up for Careem prior to January 14. Careem said there’s no evidence the hackers accessed passwords or credit card information. While the breach… Continue reading Ride-hailing app Careem reveals data breach affecting 14 million people
New boss Diess with tailwind: Volkswagen should deliver 4.4 billion euros profit
All articles and backgrounds 04/23/2018 New boss Diess with tailwind Volkswagen should deliver 4.4 billion euros profit REUTERS Volkswagen: After the change of boss from Müller to Diess, investors remain optimistic with regard to profit and turnover Volkswagen announces its first quarter results on Thursday (26 April). Following the surprise takeover of the chief position… Continue reading New boss Diess with tailwind: Volkswagen should deliver 4.4 billion euros profit
Exhaust scandal: Austria initiates class action lawsuit against Volkswagen
All articles and backgrounds 04/19/2018 Exhaust scandal Austria initiates class action lawsuit against Volkswagen DPA VW logo: The government in Austria does not want to accept the deliberate manipulation of the VW vehicles just like that After the diesel scandal Volkswagen Show stock market chart In Austria around 360,000 affected car owners can participate in… Continue reading Exhaust scandal: Austria initiates class action lawsuit against Volkswagen
Bernd Osterloh in the interview – boss must “sometimes even on the table”: VW works council boss demands of Diess taut leadership
All articles and backgrounds 04/19/2018 Interview with Bernd Osterloh – boss has to “hit the floor sometimes” VW works council chief demands from Diess tighter leadership REUTERS Bernd Osterloh: “I do not need anyone to put Herbert Diess on the chain” Volkswagen works council chief Bernd Osterloh expects the new boss Herbert Diess to streamline… Continue reading Bernd Osterloh in the interview – boss must “sometimes even on the table”: VW works council boss demands of Diess taut leadership
Interview with Bernd Osterloh – boss has to “hit the floor” too: VW works council chief demands of Diess tighter leadership
All articles and backgrounds 04/19/2018 Interview with Bernd Osterloh – boss has to “hit the floor sometimes” VW works council chief demands from Diess tighter leadership REUTERS Bernd Osterloh: “I do not need anyone to put Herbert Diess on the chain” Volkswagen works council chief Bernd Osterloh expects the new boss Herbert Diess to streamline… Continue reading Interview with Bernd Osterloh – boss has to “hit the floor” too: VW works council chief demands of Diess tighter leadership