(ATTN: ADDS details throughout) SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure through business spinoffs and mergers between related businesses. The business group said it is planning to spin off the module manufacturing and after-sales parts business of auto parts maker… Continue reading (LEAD) Hyundai Motor to streamline governance structure
Tag: Hyundai
Hyundai Motor to streamline governance structure
SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure by spinning off and merging two major affiliates. The auto group plans to spin off auto parts maker Hyundai Mobis Co.’s core module business unit and then merge it with logistics firm Hyundai… Continue reading Hyundai Motor to streamline governance structure
Hyundai’s union says revised trade deal with U.S. “humiliating”
SEOUL (Reuters) – Hyundai Motor Co’s (005380.KS) South Korean labor union on Tuesday called Seoul’s revised free trade deal with the United States “humiliating”, and said the extended tariffs on pick-up trucks mean a missed opportunity to tap into the U.S. market. FILE PHOTO: A worker works at an assembly line of Hyundai Motor’s plant… Continue reading Hyundai’s union says revised trade deal with U.S. “humiliating”
Aurora hires SpaceX’s Jinnah Hosein, opens SF and Pittsburgh offices
Self-driving technology company Aurora has made some key moves on its leadership team and overall company growth: It’s bringing on SpaceX’s now former head of software engineering, Jinnah Hosein, to lead its own software engineering team in a VP role. The autonomous software provider is also opening up two new offices, including one in San… Continue reading Aurora hires SpaceX’s Jinnah Hosein, opens SF and Pittsburgh offices
Hyundai union head fears GM-like crisis; says electric cars destroy jobs
ULSAN:Hyundai Motor‘s union chief warned its workers may face a similar crisis to the one hitting General Motors‘ South Korean unit as sales in key markets slide, adding that electric cars were ‘evil’ and will destroy jobs. South Korea’s auto industry, known for its robust unions whose workers tend to be paid more and have… Continue reading Hyundai union head fears GM-like crisis; says electric cars destroy jobs
Hyundai union chief warns of job crisis, says electric cars are ‘evil’
“We’re feeling job anxiety. We’re feeling a sense of crisis,” Ha Bu-young, the head of the Hyundai Motor union, South Korea’s biggest and most powerful union, told Reuters in an interview late last week. ULSAN, South Korea: Hyundai Motor’s union chief warned its workers may face a similar crisis to the one hitting General Motors‘… Continue reading Hyundai union chief warns of job crisis, says electric cars are ‘evil’
(3rd LD) Hyundai mulls whether to produce small pickup truck in U.S.
(ATTN: MINOR edits in lead, para 6) By Choi Kyong-ae SEOUL, March 26 (Yonhap) — Hyundai Motor Co. is mulling whether to produce a small pickup truck in the United States to avoid high tariffs and meet growing local demand, the company said Monday, while stressing that no concrete decision has been made on the… Continue reading (3rd LD) Hyundai mulls whether to produce small pickup truck in U.S.
EPA said to side with carmaker calls to ease fuel rules
Ryan Beene, Bloomberg Published 8:37 p.m. ET March 23, 2018 | Updated 8:42 p.m. ET March 23, 2018 In January, the EPA released a report showing 2016 model year cars and light trucks failed to achieve the EPA’s greenhouse gas standards for the first time despite a small gain in efficiency. (Photo: Scott Olson/Getty Images)… Continue reading EPA said to side with carmaker calls to ease fuel rules
EPA Sides With Carmaker Calls to Ease Efficiency Rules, Sources Say
The U.S. Environmental Protection Agency has concluded that a landmark Obama-era effort to cut vehicle greenhouse-gas emissions is too aggressive and agrees with automakers that the standards should be revised, according to people familiar with the matter. The agency has completed a draft decision outlining the rationale for easing fuel efficiency regulations for model-year 2022-2025… Continue reading EPA Sides With Carmaker Calls to Ease Efficiency Rules, Sources Say
Bollinger B1 Electric Truck – A “Making Of” Video
Bollinger Motors captured the attention of the automotive world after revealing its all-electric Bollinger B1 Sport Utility Truck (SUT) last year. The unveiling was a memorable capstone to company founder Robert Bollinger’s lifelong childhood dream of one day designing and creating a vehicle of his own. As Bollinger Motors ramps up B1 production in earnest,… Continue reading Bollinger B1 Electric Truck – A “Making Of” Video