“I don’t think anyone is feeling for us anymore,” a grim-faced Lee, who was rehired by GM a year after it bought Daewoo in 2002, said. BUPYEONG, South Korea: When Lee Bum-yeon lost his job along with nearly 2,000 other union workers in 2001 after South Korea’s Daewoo Motor went bankrupt, his neighbours at supermarkets… Continue reading As GM union faces big job losses, South Koreans turn cold shoulder
Category: Automotive
China’s Ehi Car Services to be taken private by CEO-led group in $937.5m deal
April 8, 2018 Chinese car rental company Ehi Car Services Ltd said on Friday the company would be taken private by a consortium led by its Chief Executive Officer Ray Ruiping Zhang in a deal valued at about $937.5 million. The offer of $13.50 in cash per American depositary share of Ehi represents a 15.4 percent premium to the company’s close on… Continue reading China’s Ehi Car Services to be taken private by CEO-led group in $937.5m deal
Aston Martin lines up banks to steer £4bn stock market float
The British luxury car-maker Aston Martin is lining up a trio of banks to lead a prospective £4bn stock market listing that could take place within months. Sky News has learnt that the manufacturer of James Bond’s vehicle of choice is close to hiring Deutsche Bank, Goldman Sachs and JPMorgan as the global co-ordinators for… Continue reading Aston Martin lines up banks to steer £4bn stock market float
China’s ride-hailing service Didi Chuxing recruits drivers in Mexico
LightRocket via Getty Images In December, Reuters reported that China’s Didi Chuxing ride-hailing company would be expanding its business into Mexico, taking on rival Uber, which has the largest foothold in the country. Now, Reuters reports that the company is actively recruiting drivers and plans a launch in Toluca, Mexico. Sources familiar with the plan… Continue reading China’s ride-hailing service Didi Chuxing recruits drivers in Mexico
Volkswagen plans to squash production of one of its most iconic cars
The Beetle, the Bug, Herbie—whatever you call it, it looks like it’s being phased out. German automaker Volkswagen plans to stop production on the iconic vehicle after the current generation, the company’s research and development leader Frank Welsch confirmed to Autocar at this week’s Geneva Motor Show. Despite makings it way onto various lists of… Continue reading Volkswagen plans to squash production of one of its most iconic cars
Self-Supervised Learning: A Key to Unlocking Self-Driving Cars?
The holy grail for many artificial intelligence (AI) startups is to easily obtain data, and then extract value from that data with minimal human intervention. Self-supervised learning is an innovative approach that uses visual signals or domain knowledge, intrinsically correlated to the image, as automatic sources of supervision, thus removing the need for humans to… Continue reading Self-Supervised Learning: A Key to Unlocking Self-Driving Cars?
VW subsidiary: employees of Skoda receive twelve percent more money
Skoda The vehicles of Skoda, the largest exporter of the Czech Republic, have become a bestseller in almost 30 years of belonging to Volkswagen. (Photo: obs) The employees of the Czech VW-Daughter Skoda get twelve percent more money. Union Kovo announced on Friday that it is accepting the latest offer from employers. This is a… Continue reading VW subsidiary: employees of Skoda receive twelve percent more money
Statistics – New registrations of passenger cars in March 2018 by brands and model series (FZ 10)
Press release No. 09/2018 – Number 1 of the segments in the March 2018
Flensburg, April 6, 2018. During the month under review in March 2018, there were three management changes. in the segment the small car is now the VW polo , in the upper middle class the Mercedes E-Class and in the upper class of the Audi A7, S7, RS7 first of all. In all other segments,… Continue reading Press release No. 09/2018 – Number 1 of the segments in the
March 2018
2018 Nissan Leaf electric car: Is there a fast-charging problem?
2018 Nissan Leaf with EVgo fast charger at NJ Turnpike Molly Pitcher travel plaza, Feb 2018 Enlarge Photo As Tesla has shown, not all fast charging is created equal. Now owners of the new 2018 Nissan Leaf are complaining that that the car’s “fast” charging is not always as fast as advertised. Owners have found… Continue reading 2018 Nissan Leaf electric car: Is there a fast-charging problem?