Category: Automotive

China retaliates for U.S. tariffs, slaps duties on soybeans, planes, autos

BEIJING/WASHINGTON (Reuters) – China hit back on Wednesday at the Trump administration’s plan to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals. FILE PHOTO: A worker takes a sample from an incoming truckload of soybeans at Peterson… Continue reading China retaliates for U.S. tariffs, slaps duties on soybeans, planes, autos

China plans 25% tariffs on US goods including cars

Beijing is to place 25% trade tariffs on a list of 106 US goods, including soybeans, cars, and orange juice. The retaliatory action comes after the US published a list of about 1,300 Chinese products it plans to hit with a 25% tariff. The White House said the proposed imports tariff was a response to… Continue reading China plans 25% tariffs on US goods including cars

China’s Meituan Dianping to acquire Mobike in $3.7b deal

April 4, 2018 Meituan Dianping, China’s top on-demand services platform, said on Wednesday it has agreed to acquire bike-sharing firm Mobike. Both firms are backed by Chinese gaming and social media firm Tencent Holdings Ltd. Meituan did not disclose the value of the deal, though local media said it was roughly $3.7 billion. Mobike will… Continue reading China’s Meituan Dianping to acquire Mobike in $3.7b deal

March 2018 Sales Result

HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Exchange Disclosure Title : March 2018 Sales Results 1. Sales Results: *Monthly sales Category (units) March 2018 February 2018 MoM % Change March 2017 YoY % Change Sales Unit Domestic 67,577 50,200 34.6 63,765 6.0 Overseas 329,464 262,068 25.7 326,838 0.8 Total 397,041 312,268 27.1 390,603 1.6… Continue reading March 2018 Sales Result

Result of AGM 2018

Result of The 50th Annual General Meeting     1. Financial Statements (KRW) – Approved (Unit: 000 KRW) Consolidated Separated Auditor’s Opinion Unqualified Unqualified Asset 178,199,454,000,000 70,130,650,000,000 Liability 103,442,100,000,000 15,906,232,000,000 Equity 74,757,354,000,000 54,224,418,000,000 Revenue 96,376,079,000,000 41,604,869,000,000 Operating Income 4,574,667,000,000 2,163,447,000,000 Net Income 4,546,400,000,000 2,551,319,000,000 EPS 14,993 9,478 2. Appointment of Directors – Approved Item 2-1… Continue reading Result of AGM 2018

Volvo Cars global sales up 14.1 per cent in the first quarter of 2018

Volvo Cars global sales up 14.1 per cent in the first quarter of 2018   Volvo Cars, the premium car maker, reported a global year-on-year sales increase of 14.1 per cent for the first quarter of 2018 as sales in all main markets increased compared with the same period last year.   Total sales in… Continue reading Volvo Cars global sales up 14.1 per cent in the first quarter of 2018

(2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

(ATTN: ADDS details throughout) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by the group. The… Continue reading (2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

(LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

(ATTN: ADDS Hyundai’s response in 4th para) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by… Continue reading (LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates

Mercedes’ ridesharing ViaVan service comes to London

Daimler Add another company to the list of transportation services filling Uber’s London-sized void. Mercedes-Benz and Via have launched their jointly owned ViaVan service in Zones 1 and 2 of the city, giving Londoners a “ride-pooling” option that bridges the gap between plain ridesharing and mass transit. The allure, as you might guess, stems from… Continue reading Mercedes’ ridesharing ViaVan service comes to London