Category: Automotive

@Hyundai: Resolution of Interim Dividend

HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Exchange Disclosure Title  :  Resolution of Interim Dividend 1. Category : Interim Dividend 2. Type : Cash Settlement 3. Dividend per share(KRW):   – Common Share :1,000  – Preferred Share :  1,000 4. Dividend yield(%):   – Common Share : 0.4  – Preferred Share : 0.9 5. Total dividend… Continue reading @Hyundai: Resolution of Interim Dividend

@Hyundai: Q2 2021 Business Results (Tentative)

HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Exchange   Disclosure title   :  Q2 2021 Business Results (Tentative)   * Below figures are tentative results and may differ from final confirmed numbers.     1. K-IFRS Consolidated Business Results    Unit   : KRW million Q2   2021 Q1   2021 QoQ (%) Q2… Continue reading @Hyundai: Q2 2021 Business Results (Tentative)

Rivian is planning to build a second EV factory in the US

Electric vehicle manufacturer Rivian is planning to build a second factory. The company may make battery cells as well as EVs at the plant, should it come to fruition. Rivian might make an announcement within the next couple of months and Reuters reports construction could start next year. Rivian spokesperson Amy Mast confirmed to the… Continue reading Rivian is planning to build a second EV factory in the US

Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry

Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA)… Continue reading Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry

Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry

 – Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position – Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software – Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, July 23, 2021 /PRNewswire/ — Magna International Inc. (TSX: MG;NYSE: MGA) and Veoneer,… Continue reading Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry

Waymo to open offices in Pittsburgh, an AV tech hub

Waymo, Google’s former self-driving car project that’s now an independent business unit under Alphabet, is expanding its presence in the eastern U.S. The company said Thursday it would be opening offices in Pittsburgh, joining a growing suite of companies developing and testing autonomous vehicle technology in the Steel City. The company will start by hiring… Continue reading Waymo to open offices in Pittsburgh, an AV tech hub

Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022

Fisker Inc. has recently shared plans to debut its upcoming Ocean SUV during the 2021 Los Angeles Auto Show, taking place this November. Furthermore, the born-again EV automaker has also shared a timeline for global “Brand Experience Centers,” set to roll out in the US and Europe in 2022. Fisker Inc. ($FSR) is an EV… Continue reading Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022