Category: Newswire

BMW aims to capture Korean drivers with bigger, techier new BMW 3 Series

By Baek Byung-yeul BMW’s 3 Series has been a benchmark among small luxury sedans since its 1975 debut, being recognized for its sporty driving character and appealing exterior look such as its iconic kidney grilles.To improve driving performance, the weight has been reduced by 55 kilograms, though it retains a 50:50 weight distribution between the front and rear axles.To qualify for the Top Safety Pick+ rating, a vehicle must earn good ratings in the driver-side small overlap front, passenger-side small overlap front, moderate overlap front, side, roof strength and head restraint tests.

Toyo Tire Plans to Open Factory in Serbia-President Vucic

Japan’s Toyo Tire plans to open a production facility in Serbia in a 390 million euro (£357.09 million) investment deal that would boost Balkan country’s revenues, Serbian president Aleksandar Vucic said on Tuesday.To boost revenues and cut debt Serbia sought to attract foreign investments which in 2018 amounted to 3.2 billion euros.Toyo Tires which has a total of 13,000 employees worldwide, will produce automotive tyres in the northern town of Indjija, outside the capital Belgrade.

LiDAR specialist Ibeo Automotive Systems GmbH establishes a U.S. subsidiary to boost its business in the United States

DETROIT and HAMBURG, Germany, July 29, 2019 /PRNewswire/ — Ibeo Automotive Systems, a LiDAR sensor specialist from Hamburg, has established a wholly owned subsidiary in the United States: Ibeo Automotive USA Inc. in Detroit. Paula Jones, the former director of the Customer Business Unit of Gentherm Inc., was named president and manages the new company. This step… Continue reading LiDAR specialist Ibeo Automotive Systems GmbH establishes a U.S. subsidiary to boost its business in the United States