SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris,… Continue reading Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models
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UPDATE 2-Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models
SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years. FILE PHOTO: The Hyundai logo is seen during the first press day of the Paris auto show, in Paris,… Continue reading UPDATE 2-Hyundai Motor lays out U.S. recovery plan, places hope on new SUV models
Volkswagen Compares Buying EVs To Traveling To The Moon
Especially now that it intends to sell them by the millions. Each automaker tries to pay its tribute to the 50th anniversary of the man landing on the Moon in its own way. Toyota announced it will have a lunar rover in ten years from now, probably on time to celebrate 60 years of the… Continue reading Volkswagen Compares Buying EVs To Traveling To The Moon
Didi, Hellobike refill war chest as competition in mobility sector heats up
Chinese ride-hailing giant Didi Chuxing is reportedly raising $2 billion from investors while bike-sharing firm Hellobike secured $400 million in an Ant Financial-led funding round as part of efforts to beef up their war chest as competition in the sector escalates. According to a report by The Wall Street Journal, Beijing-based Didi plans to sell… Continue reading Didi, Hellobike refill war chest as competition in mobility sector heats up
REFILE-UPDATE 1-Volvo Cars to cut costs as trade war dents profits
STOCKHOLM (Reuters) – Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front… Continue reading REFILE-UPDATE 1-Volvo Cars to cut costs as trade war dents profits
Volvo Cars to cut costs as trade war dents profits
STOCKHOLM (Reuters) – Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front… Continue reading Volvo Cars to cut costs as trade war dents profits
UPDATE 1-Volvo Cars to cut costs as trade war dents profits
STOCKHOLM (Reuters) – Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in front… Continue reading UPDATE 1-Volvo Cars to cut costs as trade war dents profits
Volvo Cars launches cost cutting measures as trade war dents profit again
FILE PHOTO: A Volvo logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader/File Photo STOCKHOLM (Reuters) – Sweden’s Volvo announced new measures to cut fixed costs by 2 billion Swedish crowns ($214 million) on Thursday, as it became the latest carmaker to warn that pricing pressure and tariffs arising… Continue reading Volvo Cars launches cost cutting measures as trade war dents profit again
As Volkswagen Ends Beetle Production, a Final Photo Farewell to the Beloved ‘Bug’ – Fortune
The Volkswagen Beetle has finally completed its road trip. After 80 years of production in Germany, Belgium, Venezuela, South Africa, and about a dozen other countries, the last ‘Bug’ rolled off the factory line in Puebla, Mexico this week. The car’s journey to the Puebla Automotive Museum marked the final pit-stop for a vehicle that’s… Continue reading As Volkswagen Ends Beetle Production, a Final Photo Farewell to the Beloved ‘Bug’ – Fortune
Hellobike, survivor of China’s bike-sharing craze, goes electric
Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players is a survivor from the bike-sharing craze. Blessed with fundings from… Continue reading Hellobike, survivor of China’s bike-sharing craze, goes electric