SEOUL, Jan. 25 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday its net profit plunged 48 percent last year on a strong won and decreased sales in China. For all of 2017, net profit fell to 1.579 trillion won (US$1.5 billion) from 3.047 trillion won a year earlier, the company… Continue reading Hyundai Mobis 2017 net plunges 48 pct on strong won
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Uber CEO: Flying cars across U.S. skies within 10 years
Senior flight dynamics engineer Hans Joore demonstrates a simulator of the PAL-V flying car at the company’s headquarters in Raamsdonksveer, Netherlands, last May. (Photo: Emmanuel Dunand / Getty Images) Flying cars will be zipping across U.S. skies within the coming decade — at least that’s what Uber Technologies Inc.’s Chief Executive Officer Dara Khosrowshahi predicts.… Continue reading Uber CEO: Flying cars across U.S. skies within 10 years
Hyundai Motor posts 3% gain in quarterly profit
This was the first gain in quarterly profit in four years, analysts had been expecting it given a low base for comparison from a year ago. SEOUL: Hyundai Motor eked out a small 3 percent gain in quarterly net profit, but posted a fifth straight drop in annual earnings as a stronger local currency and… Continue reading Hyundai Motor posts 3% gain in quarterly profit
Auto parts supplier: Scheider to become new boss at ZF Friedrichshafen
Wolf-Henning Scheider At Mahle, Scheider pushed ahead with the transformation towards electromobility. His expertise is needed at ZF Friedrichshafen. (Photo: AP) Mahle boss Wolf-Henning Scheider (55) is the favorite on the vacant executive chair at ZF Friedrichshafen. An official confirmation of the company does not exist yet. According to information from industry circles Scheider but… Continue reading Auto parts supplier: Scheider to become new boss at ZF Friedrichshafen
FCA workers to get $5,500 in profit-sharing
Buy Photo Fiat Chrysler Automobiles NV will pay its 40,000 hourly United Auto Workers employees profit-sharing checks averaging about $5,500, the company said Thursday. (Photo: Todd McInturf / The Detroit News file)Buy Photo Fiat Chrysler Automobiles NV will pay its 40,000 hourly United Auto Workers employees profit-sharing checks averaging about $5,500, the company said Thursday.… Continue reading FCA workers to get $5,500 in profit-sharing
Porsche Exec On Mission E Charging At 800 Volts, Battery Tech, More
Uwe Michael, Head of the Electrics/Electronics Development Division at Porsche Porsche will remain true to its ethos while making electronics and electrification a “strong brand value.” Uwe Michael, Head of the Electrics/Electronics Development Division at Porsche, speaks to battery tech and charging times. He also elaborates on software, apps, artificial intelligence, and his team’s plan… Continue reading Porsche Exec On Mission E Charging At 800 Volts, Battery Tech, More
These are the five leaders in the self-driving car race (GOOG, GOOGL, GM, F)
GM Tech companies and auto companies are all racing to be the first to roll out self-driving cars onto the road. The stakes are high for everyone involved. The self-driving revolution and the prevalence of ride-hailing services such as Uber and Lyft threatens to reduce individual car ownership, which would eat into a sizeable piece… Continue reading These are the five leaders in the self-driving car race (GOOG, GOOGL, GM, F)
More dealers experience financial distress as market contracts
Rising numbers of new and used car dealers experienced “significant” levels of financial distress in the final quarter of 2017. According to Red Flag Alert research from insolvency firm Begbies Traynor, the number of UK automotive businesses experiencing significant financial distress reached 15,516 in the final quarter of 2017, a year on year increase of… Continue reading More dealers experience financial distress as market contracts
Wolf-Henning Scheider to lead automotive suppliers: ZF Friedrichshafen recruits new boss from competitors
All articles and backgrounds 01/25/2018 Wolf-Henning Scheider to lead auto parts supplier ZF Friedrichshafen recruits new boss from competitors Mahle Leads to one of the largest automotive suppliers in the world: Wolf-Henning Scheider. The automotive supplier ZF Friedrichshafen, which was shaken by power struggles recently, has found a new CEO. According to information from manager-magazin.de… Continue reading Wolf-Henning Scheider to lead automotive suppliers: ZF Friedrichshafen recruits new boss from competitors
Bharat Forge sets up new company in Israel
Bharat Forge, the Pune-based multinational with a presence across automotive, power, oil and gas, construction and mining, rail, marine and aerospace, has today announced establishment of a new wholly owned subsidiary ‘Indigeneous IL’ in Israel. The company has invested Rs 1.9 crore in the new subsidiary, which will focus on exploring targets in the technology… Continue reading Bharat Forge sets up new company in Israel