Category: News Site

Hyundai flags tough 2019 as U.S., China demand stays slow

SEOUL (Reuters) – South Korea’s Hyundai Motor Group flagged another year of tepid car sales growth on the back of a slow 2018, saying trade protectionism added uncertainty and major markets such as the United States and China remained sluggish. Chief Vice Chairman of Hyundai Motor Group Chung Eui-sun delivers his speech during the company’s… Continue reading Hyundai flags tough 2019 as U.S., China demand stays slow

China’s Didi launches credit, wealth management services in diversification push

January 2, 2019 China’s Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues to diversify outside the ride-hailing business following a year of safety scandals. The move comes on the heels of a company-wide reorganization announced in December, which was aimed at improving safety on its platform as… Continue reading China’s Didi launches credit, wealth management services in diversification push

China’s EV startup Faraday Future ends dispute with main investor

January 2, 2019 Chinese electric vehicle developer Faraday Future said on Monday it signed a new restructuring agreement with a unit of its main investor, Evergrande Health Industry Group Ltd, ending a bitter legal fight and clearing the path for raising funds. Season Smart, which agreed to be bought by China’s Evergrande Health, will now… Continue reading China’s EV startup Faraday Future ends dispute with main investor

South Korea’s Hyundai Motor, Kia Motors target global sales of 7.6 million for 2019

Employees of Hyundai Motor Group attend the company’s new year ceremony in Seoul, South Korea, January 2, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) said on Wednesday they aim to sell 7.6 million vehicles in 2019, as they battle to recover market share in China… Continue reading South Korea’s Hyundai Motor, Kia Motors target global sales of 7.6 million for 2019

South Korea’s Hyundai target 2019 global sales of 4.7 million vehicles

Employees of Hyundai Motor Group attend the company’s new year ceremony in Seoul, South Korea, January 2, 2019. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) on Wednesday announced their combined 2019 global sales target at 4.68 million vehicles. Hyundai had also set a combined sales goal of 4.68 million vehicles for… Continue reading South Korea’s Hyundai target 2019 global sales of 4.7 million vehicles

Scuderia Cameron Glickenhaus promotes upcoming supercar with fully 3D printed model – 3DPMN

400 Shares While 2D renderings can help to communicate a product concept well enough, there is something to be said about seeing a concept as a physical, three-dimensional object. This marketing reality has not been lost on manufacturers and designers, who are increasingly turning to additive manufacturing to tactilely visualize design and product concepts. Scuderia… Continue reading Scuderia Cameron Glickenhaus promotes upcoming supercar with fully 3D printed model – 3DPMN

The end of China’s ride-sharing gig

Over the last few years, millions of Chinese workers managed to earn extra money by being ride-hailing drivers. Many picked the gig because of its flexible schedule. For those who could not otherwise afford to own a car in China’s pricy metropolises, driving around is also a status symbol, even if they are paying off… Continue reading The end of China’s ride-sharing gig