SEOUL (Reuters) – General Motors Co’s (GM.N) South Korean unit on Monday said it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the U.S. automaker to prevent it filing for bankruptcy for the money-losing operation. Kaher Kazem (L), chief executive of GM Korea, and Barry Engle… Continue reading UPDATE 1-GM Korea reaches tentative wage deal, avoids bankruptcy
Category: Automotive
Continental Supplies System Solutions for Smooth Goods Turnover
Booming online business: Continental products are an indispensable part of its logistics centers They range from conveyor belts and timing belts for automated storage and retrieval systems through to lines, power transmission technology and vibration dampers in forklift trucks Special solutions specifically tailored to the relevant requirements Hanover, April 23, 2018. The boom in the… Continue reading Continental Supplies System Solutions for Smooth Goods Turnover
Tata Motors opens bookings for the new NEXON AMT with HyprDrive Self-Shift Gears
Download press kit 23 April, 2018 Catering to the growing popularity of the AMT vehicles in India, Tata Motors is all set introduce another product intervention – NEXON with HyprDrive Self-Shift Gears (S-SG). Riding strong on a sporty drive performance, the NEXON HyprDrive Self-SG is the first AMT in India to have Multi-Drive modes (3… Continue reading Tata Motors opens bookings for the new NEXON AMT with HyprDrive Self-Shift Gears
Groupe PSA : COMMUNIQUE DE PRESSE
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory news: Carlos Tavares, Président du Directoire du Groupe PSA (Paris:UG), et Michael Lohscheller, PDG d’Opel, ont tenu aujourd’hui un échange avec les Ministres Allemands, Peter Altmaier, Ministre Fédéral de l’Économie et de l’Énergie, et Hubertus Heil, Ministre Fédéral du Travail et des Affaires Sociales. Le dialogue s’est avéré ouvert et constructif exprimant… Continue reading Groupe PSA : COMMUNIQUE DE PRESSE
Groupe PSA: Press Release
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Carlos Tavares, Chairman of Groupe PSA (Paris:UG) Managing Board, and Opel CEO Michael Lohscheller had today fruitful discussions with Peter Altmaier, German Federal Minister of Economic Affairs and Energy and Hubertus Heil, German Federal Minister of Labor and Social Affairs. The dialogue was open and constructive expressing shared desire to work… Continue reading Groupe PSA: Press Release
Tata Motors bets on turnaround plan to boost CV market share to 44% in FY18
In terms of market share, Tata Motors increased it to 43.95 per cent in FY18 from 42.79 per cent in FY17. NEW DELHI: Homegrown auto major Tata Motors saw its market share in commercial vehicles (CV) segment in the domestic market inch closer to 44 per cent in 2017-18 riding on its turnaround strategy which… Continue reading Tata Motors bets on turnaround plan to boost CV market share to 44% in FY18
Forgotten Virtues: Moderation
Forgotten Virtues: Moderation
Joost Ector — Lightyear buyer
Architect and pioneer, Joost Ector is one of Lightyear’s first buyers. In a Dutch blog he wrote for ‘Architectenweb’ he explains what made him so enthusiastic about Lightyear. Beyond the mission statement eand promising words, sustainability in all the aspects of the car triggered him to get on board. Read his blog here.
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Auto parts supplier: Prevent wants Volkswagen to pay billions in damages
Automotive supplier Prevent View of the headquarters of the automotive supplier Prevent in Warmenau near Wolfsburg (Lower Saxony). (Photo: AP) The dispute between Volkswagen (VW) and the Prevent supply group escalated according to a media report. Prevent companies are preparing a billion-dollar lawsuit, which is soon to go to court, reports the “Süddeutsche Zeitung” (Monday… Continue reading Auto parts supplier: Prevent wants Volkswagen to pay billions in damages
NIO Capital Is Said Close to Completing $500 Million Auto Fund
NIO Capital, the investment firm affiliated to Chinese electric-vehicle startup NIO, is close to completing the first round of its $500 million offshore fund that will put money in new automotive technologies, according to people with direct knowledge of the matter. The company is discussing with sovereign-wealth funds, energy and insurance companies in Asia and… Continue reading NIO Capital Is Said Close to Completing $500 Million Auto Fund
VW overseer criticized clarification of the diesel affair
No cultural change recognizable: The ordered by the US authorities VW inspector Larry Thompson criticized according to a media report, the lax processing of the exhaust gas scandal. VW dealership in San Diego, California (icon image) Sunday, 22.04.2018 00:02 o’clock VW Overseer Larry Thompson has submitted his first report to the US Department of Justice.… Continue reading VW overseer criticized clarification of the diesel affair