SEOUL, June 19 (Yonhap) — Hyundai Motor Co.’s union said Tuesday it will take legal action if the company signs a contract to invest in a local car-manufacturing joint venture proposed by a municipal government. Hyundai Motor originally planned to sign an agreement with the Gwangju city government on Tuesday to become the second-largest shareholder… Continue reading Hyundai union threatens to take legal action if company signs up for car JV
Tag: Hyundai
Hyundai, Kia to operate regional headquarters from July
SEOUL, June 18 (Yonhap) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday that their regional headquarters in North America, Europe and India will be making key decisions going forward to better meet local market demands. Starting on July 2, Hyundai’s regional headquarters in the three regions and Kia’s offices in North… Continue reading Hyundai, Kia to operate regional headquarters from July
TTTech & BMW
The companies TTTech and BMW announced cooperation. The manufacturer BMW want with the IT company TTTech work on services that concern Partial and High Autonomous Driving. BMW in Las Vegas BMW wants with his cooperation group to 2021 bring out the highly autonomous driving until 2021 and although the group has already closed, one has… Continue reading TTTech & BMW
Taxi plows into Moscow crowd including soccer fans, injuring seven
MOSCOW (Reuters) – A taxi drove into a crowd of pedestrians near Moscow’s Red Square on Saturday, injuring seven people including two Mexicans in the city for the soccer World Cup which Russia is hosting, officials and eyewitnesses said. The incident took place as residents and visiting soccer fans thronged the center of Moscow on… Continue reading Taxi plows into Moscow crowd including soccer fans, injuring seven
Four carmakers to recall over 210,000 vehicles: ministry
SEOUL, June 14 (Yonhap) — Four carmakers will voluntarily recall more than 210,000 vehicles to fix faulty parts, the transport ministry here said Thursday. It is the latest in a series of recalls by carmakers and importers to ensure vehicles meet safety rules. The four carmakers — Kia Motors Corp., GM Korea Co. and Mercedes-Benz… Continue reading Four carmakers to recall over 210,000 vehicles: ministry
Peugeot’s Slovak unit agrees 7.7 pct wage hike with unions
BRATISLAVA, June 13 (Reuters) – French car maker Peugeot’s Slovak unit has agreed with trade unions on a 7.7 percent wage hike this year, it said on Wednesday. The raise follows an average 6.3 percent wake hike last year at the plant that produced more than 335,000 cars in 2017. Peugeot Citroen, which makes Citroen… Continue reading Peugeot’s Slovak unit agrees 7.7 pct wage hike with unions
Hyundai Mobis invests in autonomous driving
The Hyundai-owned company Hyundai Mobis is investing in training for autonomous driving. Hyundai Mobis has at his research center in Yongin in the South Korean province Gyeonggiwhere also the K City A software training program worth 1.4 billion won (1.02 million euros) was launched to quintuple the software specialists employed there by the year 2025.… Continue reading Hyundai Mobis invests in autonomous driving
Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
Priod takes over the Fiolet group!
The group headed by the Priod family accelerates its development by taking over the group Fiolet, distributor Opel and Kia. It not only opens a new geographical map but also adds nearly 3,500 VN to its offer … The Priod group no longer stops. Indeed, after having Etablissements Le Gallou, Fiat distributor, Alfa Romeo and… Continue reading Priod takes over the Fiolet group!
S.Korea stocks, won steady as US-N.Korea summit concludes
* KOSPI basically flat as Trump meets Kim in Singapore * N.Korea-exposed shares fall on profit-taking after rallies * Seoul markets closed just after Singapore summit ends * Trump, Kim sign document at landmark summit (Updates with closing figures) SEOUL, June 12 (Reuters) – South Korean shares and the won reacted calmly on Tuesday to… Continue reading S.Korea stocks, won steady as US-N.Korea summit concludes