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
Category: Automotive
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
AAM and Drexler Partner to Produce New High-Performance Electronic Differential
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“The electric vehicle in the ecological transition in France” (Study of European Climate Foundation and the Fondation pour la Nature et pour l’Homme), in collaboration with Groupe Renault
Groupe Renault has participated in an unprecedented study conducted by the European Climate Foundation and the Fondation pour la Nature et pour l’Homme on the environmental impacts of electric vehicles over their entire life cycle, with other experts: Avere-France, Ademe, Cler, Climate Action Network France, WWF, battery manufacturer Saft and RTE. New French study reveals… Continue reading “The electric vehicle in the ecological transition in France” (Study of European Climate Foundation and the Fondation pour la Nature et pour l’Homme), in collaboration with Groupe Renault
Ford and UGT reach an agreement on the competitiveness plan of the Almussafes plant
Posted 1/25/2018 2:25:18 PM VALENCIA, 25 Jan. (EUROPA PRESS) – The management of the Ford plant in Almussafes (Valencia) and the UGT section in the factory have reached a principle of agreement on the company’s competitiveness plan for the next three years, which includes a salary increase for the company’s workforce. , 5% in 2019,… Continue reading Ford and UGT reach an agreement on the competitiveness plan of the Almussafes plant
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)
Arthur Willmann new Managing Director of Porsche Asia Pacific
Management change in the regional office of the sports car manufacturer: Porsche Asia Pacific Pte Ltd, the regional office and subsidiary of Dr. Ing. h.c. F. Porsche AG, located in Singapore, has appointed Arthur Willmann as Managing Director, effective from January 1st, 2018.
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