Britain left the EU on Jan. 31 but talks have so far made little headway on agreeing a new trade deal with the bloc by the time a status-quo transition arrangement ends in December. LONDON: Britain warned the European Union on Thursday that it would be difficult to conclude a Brexit free trade deal by… Continue reading UK says EU trade deal will be difficult if no progress before October
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Green Light Given For Green Plates For EVs In UK
Electric vehicles will begin wearing number plates with a green ‘flash’ from this autumn, the government has confirmed. The idea, which was first mooted back in the autumn of 2018, is intended to encourage the uptake of zero-emission cars. The government wants to use the new registration plates to help local authorities design and enforce… Continue reading Green Light Given For Green Plates For EVs In UK
Osamu Suzuki urges Maruti Suzuki’s component suppliers to “build up enough inventory”
Suzuki Motor Corporation (SMC) chairman Osamu Suzuki has reached out to Maruti Suzuki India (MSIL) component suppliers to solicit their support in the ongoing difficult time for the automotive industry. He has urged the company’s suppliers to ready a “contingency plan for production recovery and inventory increase in preparation for the second wave of Covid-19 pandemic.”… Continue reading Osamu Suzuki urges Maruti Suzuki’s component suppliers to “build up enough inventory”
South Korea’s SsangYong Motor looking for possible buyer as Mahindra may exit
SEOUL (Reuters) – South Korean sports-utility vehicle maker SsangYong Motor (003620.KS) is looking for a potential buyer after India’s Mahindra and Mahindra (MAHM.NS) said it could give up its majority stake in the struggling company. SsangYong has picked an advisor to tap markets for a new investor, a spokesman for the South Korean company said… Continue reading South Korea’s SsangYong Motor looking for possible buyer as Mahindra may exit
BMW to lay off 10,000 contract workers: source
The logo of German car manufacturer BMW is seen at the company headquarters in Munich, Germany, May 14, 2020. REUTERS/Andreas Gebert MUNICH (Reuters) – BMW (BMWG.DE) will not extend the contracts of 10,000 contract workers, a company source told Reuters on Friday, as the German luxury carmaker seeks to reduce its capacity due to the… Continue reading BMW to lay off 10,000 contract workers: source
(LEAD) SsangYong partners with Chinese firm for exports
(ATTN: ADDS ongoing effort to find new investor in last 5 paras) SEOUL, June 19 (Yonhap) — SsangYong Motor Co. said Friday it has signed an initial agreement with Chinese carmaker Songuo Motors Co. to export its Tivoli sport utility vehicle. Under the basic agreement, SsangYong Motor will deliver the Tivoli SUV in the form… Continue reading (LEAD) SsangYong partners with Chinese firm for exports
Hyundai Motor, LG to expand EV biz partnership
SEOUL, June 19 (Yonhap) — The heads of Hyundai Motor Group and LG Group, South Korea’s two major conglomerates, will meet next week to discuss expanded cooperation in the electric vehicle business, a person familiar with the matter said Friday. Hyundai Motor Group Executive Vice Chairman Chung Euisun is set to discuss an expanded EV… Continue reading Hyundai Motor, LG to expand EV biz partnership
Savings program: BMW decides to cut 6,000 jobs
BMW production It is the first job cuts that the automaker has been doing since the 2008 financial crisis. (Photo: dpa) Munich The tapes have been running since mid-May BMW again, but the factories are not busy. The Short-time work For the approximately 34,000 employees it is largely canceled, but there is a lack of… Continue reading Savings program: BMW decides to cut 6,000 jobs
Tesla Model 3 gets a solar roof thanks to Lightyear
A Tesla Model 3 has been modified with a solar roof as part of Lightyear’s solar car development program. We have been reporting on Lightyear for a few years now. The startup first caught our attention because it spun out of Solar Team Eindhoven, a group of engineering students from the Technical University of Eindhoven (Netherlands)… Continue reading Tesla Model 3 gets a solar roof thanks to Lightyear
Tesla releases new solar panel, slashes prices
Tesla has released a new more powerful solar panel and slashed the price of its solar installations as it attempts to ramp up its energy division. Over the last few years, Tesla has revamped its solar business. After purchasing SolarCity, they slowed down installations and restructured the company as they integrated the operations into their… Continue reading Tesla releases new solar panel, slashes prices