BMW boss Oliver Zipse The more than 70,000 German BMW employees benefit from savings. (Photo: Reuters) Munich On the more than 70,000 German BMWEmployees are eligible for savings. CEO Oliver Zipse and Works Council Chairman Manfred Schoch will announce the long-awaited austerity package on Wednesday in Munich at a company meeting. For example, the generous… Continue reading Car industry: BMW cuts success rate and saves on staff
Category: Automotive
Hyundai to set up its first plant in Indonesia
Hyundai Motor Company has announced that it has entered into a memorandum of understanding (MoU) with the Indonesian government to build its first manufacturing plant in the country. The company’s decision to invest in Indonesia will, in particular, support its growth into new ASEAN markets, securing future growth engines to help the business combat slowing demand in… Continue reading Hyundai to set up its first plant in Indonesia
@Hyundai: Personalization Technologies in Everyday Life
Discover the personalization techniques that make our daily lives convenient. Personalization skills in various fields fill our daily lives. How would our everyday life change with personalization technologies? Hyundai Motor Group has made progress in many areas of technology and personalization technologies are no exception. Here is a preview of how our lifestyle could change… Continue reading @Hyundai: Personalization Technologies in Everyday Life
@Hyundai: Making the Most Out of High Performance
Who created Veloster N’s integrated driving mode? Explosive performance, sharp cornering, and a loud exhaust are some of the factors that draw enthusiasts to high performance cars. Recently, driving mode which allows the driver to adjust the performance characteristics has also become important. The Hyundai VELOSTER N boosted its appeal further with an integrated driving… Continue reading @Hyundai: Making the Most Out of High Performance
Indian scooter rental startup Bounce raises $150M
Big bucks are pouring to get you through the chaotic traffic on Indian roads. Bounce, a Bangalore-based startup that operates over 17,000 electric and gasoline scooters in three dozen cities in India, has raised about $150 million as part of an ongoing financing round led by existing investors Eduardo Saverin’s B Capital and Accel Partners… Continue reading Indian scooter rental startup Bounce raises $150M
Creator of €500,000 Luxury Car Keys Teams up With Formula One legend, Mika Salo
Awain, the manufacturer of the world’s finest car keys, announces an exciting and exclusive collaboration with former Formula One and Le Mans legend Mika Salo. The new Formula One inspired Grand Prix Collection is hand-crafted from titanium and incorporates the finest racing leathers in its exclusive silhouette. The collaborative design makes for a thrilling addition… Continue reading Creator of €500,000 Luxury Car Keys Teams up With Formula One legend, Mika Salo
Logistics startup BlackBuck nabs $7.8m funding from Trifecta Capital
Online logistics solutions provider BlackBuck has raised about $7.8 million (Rs 56 crore) in a mix of debt and equity funding from venture debt fund Trifecta Capital. According to the company’s filing with the Registrar of Companies (RoC) sourced by paper.vc, Blackbuck’s board has approved issuing 322 Series D compulsorily convertible preference shares (CCPS) and… Continue reading Logistics startup BlackBuck nabs $7.8m funding from Trifecta Capital
Mercedes V-12 will live on in next S-Class – Motor Authority
Mercedes-AMG has already waived goodbye to the V-12, with the S65 Final Edition unveiled in March serving as the swan song. Don’t worry. A more powerful, V-8-based hybrid powertrain is coming to replace it. You’d think then that Mercedes-Benz would also phase out the V-12, but this isn’t the case. Daimler CEO Ola Kallenius told… Continue reading Mercedes V-12 will live on in next S-Class – Motor Authority
Grab to pilot motorbike-hailing service in Malaysia
The move comes closely after rival Gojek received approval to start limited operations in the country next year. Go to Source
@VW Group: Volkswagen is making faster progress towards sustainable and efficient production
Volkswagen Group is making faster progress towards sustainable and efficient production. At the same time, the company continues to make good progress towards reducing its production costs. Oliver Blume, Member of the Board of Management of the Volkswagen Group and Chairman of the Board of Porsche AG says: “We are producing more environmentally friendly than… Continue reading @VW Group: Volkswagen is making faster progress towards sustainable and efficient production