Operating profits also rallied after a seven-year decline.Hyundai Mobis’ sales rose 8.2 percent to W38.49 trillion, while Hyundai Motor’s stood at W105.79 trillion and Kia’s at W58.15 trillion.Sales had been stagnant since 2013 but have risen thanks to the popularity of full-size sedans and SUVs.
Category: Newswire
French car parts maker PSA extending plant closures in China
PARIS, Jan 31 (Reuters) – French car maker PSA Peugeot Citroen said on Friday its three plants in China's Wuhan will remain closed until Feb. 14, in line with the Chinese government's guidance over the coronavirus and the extension of Lunar New Year holidays.
GM confirms return of HUMMER name on all-electric truck to be sold by GMC
HUMMER is coming back … and it’s a shocker in more ways than one.General Motors has confirmed that it is dusting off the decade-dormant brand name for a battery-powered monster truck called the GMC HUMMER EV.The all-electric vehicle will be sold through GMC, rather than a rebooted standalone HUMMER division, and is set to be the most powerful vehicle GM has ever produced.
Dodge Expands Factory-custom Options With 2020 Durango SRT Black and Redline Stripe
Dodge//SRT is giving the 2020 Durango SRT, the fastest, most powerful and most capable American three-row SUV, an even more aggressive look with two new custom appearance options straight from the factory – the Durango SRT Black and the Redline stripe. “The numbers tell the story. As Dodge performance enthusiasts move through the Durango lineup… Continue reading Dodge Expands Factory-custom Options With 2020 Durango SRT Black and Redline Stripe
Bendix, Part of Knorr-Bremse Group, to Acquire R.H. Sheppard from WABCO
BERN, Switzerland, Jan. 30, 2020 (GLOBE NEWSWIRE) — WABCO Holdings Inc. (“WABCO”) (NYSE: WBC) (www.wabco-auto.com), a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles, today announced it has entered into a definitive agreement to sell R.H. Sheppard Co., Inc. (“Sheppard”) to Bendix Commercial Vehicle Systems LLC… Continue reading Bendix, Part of Knorr-Bremse Group, to Acquire R.H. Sheppard from WABCO
GROUPE RENAULT: RENAULT-NISSAN-MITSUBISHI FURTHER STRENGTHENS THE USE OF RESOURCES AND INVESTMENTS
PRESS STATEMENT – Boulogne-Billancourt, Yokohama, Tokyo, January 30th, 2020 RENAULT-NISSAN-MITSUBISHIFURTHER STRENGTHENS THE USE OF RESOURCES AND INVESTMENTSRenault-Nissan-Mitsubishi today outlined a new framework to further reinforce its business model and strengthen its management structure. All three companies reiterated that the Alliance is essential for strategic growth and enhance competitiveness for each company.The new framework, ratified at… Continue reading GROUPE RENAULT: RENAULT-NISSAN-MITSUBISHI FURTHER STRENGTHENS THE USE OF RESOURCES AND INVESTMENTS
Hyundai rolls out yet another made-in-India car for export
In March 2008, it exported its 500,000th car, followed by its 1,000,000th car and 2,000,000th car in February 2010 and March 2014 respectively.In the calendar year 2019, Hyundai Motor India Ltd has exported 1,81,200 units with 792 customized variants according to country-specific preferences and demand.With a market share of 26% in the calender year 2019, the total exports of passenger cars from India has made Hyundai a significant contributor to the Indian automobile industry.
Mack Trucks Launches Mack® MD Series Medium-Duty Trucks, Invests $13 Million to Establish New Operation
“Mack Trucks is very proud to make this investment and to now offer a full lineup of Class 6 to Class 8 commercial vehicles, serving virtually every segment of the market,” said Martin Weissburg, Mack Trucks president. “With this investment, Mack is well-positioned for future success, and we’re taking orders for the new truck beginning… Continue reading Mack Trucks Launches Mack® MD Series Medium-Duty Trucks, Invests $13 Million to Establish New Operation
Scoot Launches New “Bird Two” in San Francisco
SAN FRANCISCO, Jan. 30, 2020 /PRNewswire/ — Today Scoot, owned by Bird, launched its new Bird Two, a next-generation e-scooter that will roll out in San Francisco beginning today. Bird Two is projected to be the longest-lasting shared e-scooter on the market, delivers an improved rider experience, and provides added features to benefit cities and riders. San… Continue reading Scoot Launches New “Bird Two” in San Francisco
Meritor Awarded PACCAR Business for Battery-Electric Refuse and Heavy-Duty Vehicles
TROY, Mich., Jan. 30, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has entered into an agreement with PACCAR to be its non-exclusive supplier of electric powertrains for its Kenworth T680 and Peterbilt 579 and 520 battery-electric vehicles. Meritor will be the initial launch partner and primary supplier for the integration of functional… Continue reading Meritor Awarded PACCAR Business for Battery-Electric Refuse and Heavy-Duty Vehicles