(ATTN: MOVES UP photo; ADDS sales data in China and background in last 3 paras) SEOUL, Aug. 24 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Friday it has created a new executive post to improve lackluster sales in China, the world’s biggest automobile market. Hyundai named Vice Chairman Kwon Moon-sik, who… Continue reading (LEAD) Hyundai Motor creates new exec position to increase sales in China
Category: Automotive
Hyundai Motor creates new exec position to better meet China demands
SEOUL, Aug. 24 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Friday it has created a new executive post to improve lackluster sales in China, the world’s biggest automobile market. Hyundai Motor named Vice Chairman Kwon Moon-sik, who is currently in charge of the carmaker’s research and development headquarters, as chief… Continue reading Hyundai Motor creates new exec position to better meet China demands
UPDATE 1-Waymo sets up subsidiary in Shanghai as Google plans China push
BEIJING/SHANGHAI (Reuters) – Alphabet Inc’s (GOOGL.O) self-driving unit Waymo has set up a subsidiary in Shanghai, according to a business registration filing, the latest sign that the U.S. internet giant is attempting to make new inroads into China. FILE PHOTO: Waymo unveils a self-driving Chrysler Pacifica minivan during the North American International Auto Show in… Continue reading UPDATE 1-Waymo sets up subsidiary in Shanghai as Google plans China push
Audi PB18 E-Tron is a supercar spaceship
Ahead of the final unveiling of the E-Tron SUV, the automaker used the car festivities at Laguna Seca raceway to unveil its electric supercar, the PB 18. With over 60o horsepower and a center-positioned driver’s seat, it’s ready for the track. But also, your luggage. Gallery: Audi E-Tron PB 18 concept supercar | 15 Photos… Continue reading Audi PB18 E-Tron is a supercar spaceship
GM slims down to attack Ford’s pickup profit machine
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Luxury car dealer HR Owen’s profits double
Buoyant spending by wealthy on Ferraris, Lamborghinis and Bentleys boosts results Go to Source
Daimler Shelves Iran Expansion Plan on US Trade Sanctions
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Daimler Plans Sweeping Overhaul as New Tech Upends Auto Business
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Porsche Project Gold is one-off restomod 993 Turbo S
Porsche has revealed a one-off 993 Turbo, built from an original bodyshell using all-new parts from its Porsche Classic division. The car’s reveal comes ahead of its official premiere at the Porsche Rennsport Reunion at Laguna Seca circuit in California next month. Project Gold – officially a 993-generation 911 Turbo S badged ‘Classic Series’ – is a… Continue reading Porsche Project Gold is one-off restomod 993 Turbo S
Fire contained at Tesla’s car production factory in California
(Reuters) – A minor fire on the grounds of the Tesla Inc factory in California on Thursday evening was contained by the Fremont fire department, a Tesla spokesperson told Reuters. FILE PHOTO – Cars pass by the Tesla Inc. Gigafactory 2, which is also known as RiverBend, a joint venture with Panasonic to produce solar… Continue reading Fire contained at Tesla’s car production factory in California