Category: Automotive

Kia Motors Announces Overseas Business Reorganization

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Regional headquarters for North America and Europe established Reorganization to support sustainable future growth of the company Regional HQs empowered to swiftly respond to market trends and customer needsCompany aims to complete global reorganization by 2019 Kia Motors Corporation today announced organizational changes within its overseas operations, as the company grants greater autonomy to each region in an effort to spur sustainable growth and enhance innovation. As a first step in its global business reorganization, the company has launched Kia Motors North America Headquarters and Kia Motors Europe Headquarters, effective July 2. More overseas markets will be transformed into regional headquarters as the company aims to complete its global reorganization by 2019. These changes are in line with last October’s restructuring at Kia’s headquarters in Seoul, which saw the establishment of a Global Operations Division. Each regional unit’s r..

Jaguar CEO Points To Battery Supply For Slow I-Pace Sales

JLR head says EV take rates will also depend on prices before they’re widely accepted While the Jaguar I-Pace has garnered a lot of attention from critics and awards, it hasn’t been exactly tearing up sales charts in many markets. But the CEO of its parent company said in a recent interview he isn’t worried… Continue reading Jaguar CEO Points To Battery Supply For Slow I-Pace Sales

Ford Dials Down V8 F-150 Production Amid Weak Demand – Motor1.com

Apparently, buyers of the F-150 trucks are opting for the smaller engines. America’s best-selling vehicle in 2018 is facing a bit of hiccup: its buyers are opting for the Ford F-150 trucks with smaller engine displacements. According to a report by Automotive News Canada, the demand for the 5.0-liter V8-powered F-150 pickup trucks is declining,… Continue reading Ford Dials Down V8 F-150 Production Amid Weak Demand – Motor1.com

Lyft Says It’s ‘Not in the Transportation Business,’ So Disability Law Doesn’t Apply – Gizmodo

Photo: Mario Tama (Getty) We’re in the season of multi-billion-dollar rideshare IPOs where the spotlight is on global and unprofitable transportation companies like Lyft and Uber as they try to get into the black. Let’s check in with how the process is unfolding. Excuse me, I’m sorry, my notes here say that actually, Lyft is… Continue reading Lyft Says It’s ‘Not in the Transportation Business,’ So Disability Law Doesn’t Apply – Gizmodo

Lyft and Ground Up PDX introduce Cashew Chai

This spring, Lyft has teamed up with Ground Up PDX, a Portland company that employs women overcoming adversity, to debut the customized nut butter flavor, Cashew Chai — a flavor imagined by Lyft driver and aspiring teacher Melanie H. With each jar sold, Lyft will donate a ride to nonprofit Outside In to help a… Continue reading Lyft and Ground Up PDX introduce Cashew Chai

Hands on with Polestar’s Android Automotive OS infotainment system

By Scott Oldham Walking into Dogpatch Studios on San Francisco’s east side, the Polestar 2 sits in the center of the stark industrial space, its 20-inch Continentals resting on the bare concrete floor. The all-electric hatchback sedan, which Polestar says will offer 275 miles of range, is dressed like a Stormtrooper; Snow White paint, matte… Continue reading Hands on with Polestar’s Android Automotive OS infotainment system

TI Automotive Announces Issuance of Conditional Notice of Full Redemption of 8.75% Senior Notes

AUBURN HILLS, Michigan (June 15, 2018) — TI Group Automotive Systems, L.L.C. (“TI Automotive”) and Omega Newco Sub, Inc. (together with TI Automotive, the “Issuers”), today announced they have elected, subject to the satisfaction of the Financing Condition (as defined below), to redeem all of their outstanding 8.75% Senior Notes due 2023, CUSIP numbers 68216P… Continue reading TI Automotive Announces Issuance of Conditional Notice of Full Redemption of 8.75% Senior Notes

TI Automotive Announces Closing of 8.75% Senior Notes Tender Offer and Consent Solicitation

AUBURN HILLS, Mich. (November 8, 2017) — TI Group Automotive Systems, L.L.C. and Omega US Sub, LLC (together, “TI Automotive”), today announced the closing of its previously announced cash tender offer (the “Tender Offer”) for up to $229,500,000 aggregate principal amount of its outstanding 8.75% Senior Notes due 2023 (the “Notes”) and concurrent solicitation of… Continue reading TI Automotive Announces Closing of 8.75% Senior Notes Tender Offer and Consent Solicitation

TI Automotive Announces Early Results of Tender Offer and Consent Solicitation

AUBURN HILLS, Mich. (October 24, 2017) — TI Group Automotive Systems, L.L.C. and Omega US Sub, LLC (together, “TI Automotive”), today announced the early results for the previously announced cash tender offer (the “Tender Offer”) for up to $229,500,000 aggregate principal amount (the “Maximum Tender Cap”) of its outstanding 8.75% Senior Notes due 2023 (the… Continue reading TI Automotive Announces Early Results of Tender Offer and Consent Solicitation

Porsche Convinced It Can Its Make Fans Go Electric With Taycan

Top company exec maintains that a “Porsche will always be a Porsche,” even if it’s electric Porsche is demonstrating confidence ahead of the launch of the all-electric Taycan this year that brand loyalists won’t go screaming – or if they do, it’ll be almost silent.  “We would never come to market with a new car… Continue reading Porsche Convinced It Can Its Make Fans Go Electric With Taycan