DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCA) (FCHA.MI) (FCAU.N) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. “We’re not going to break up… Continue reading UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
Tag: Hyundai
Fiat Chrysler boss says no plans to break up company
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit. Speaking at the Detroit auto show, Chief Executive Sergio… Continue reading Fiat Chrysler boss says no plans to break up company
Car sales return to Russia after four years of diving
Dealers are breathing again in Russia. The local automotive market, still led by Lada, a subsidiary of Renault, recorded last year a volume of 1.59 million new registered vehicles, an increase of 11.9% compared to 2016. Phenomenon attributable in particular to the bottom current level of inflation and the stability of the ruble, which gives… Continue reading Car sales return to Russia after four years of diving
Hyundai Motor Company and Kia Motors to Introduce New Veloster and Forte for the Very First Time at Detroit Motor Show
‘2018 NAIAS (North American International Auto Show, Detroit Motor Show)’, which is the one of the five biggest motors shows in the world, had its opening on the 13th (U.S. time) in Detroit. This year’s motor show will be opened to media from the 14th until the 16th, will hold preview on the 17th and… Continue reading Hyundai Motor Company and Kia Motors to Introduce New Veloster and Forte for the Very First Time at Detroit Motor Show
Weekly Review: Consumer Electronic Show 2018
This week’s CES 2018 was what almost everything was about. Chinese IT giant Baidu has found new partners: With QNX for their operating system, with ZF for one Valet parking, With TomTom for cards and with Infineon for the advancement of Apollo, Source: Mercedes-Benz The startup Byton from China also introduced his model, which was… Continue reading Weekly Review: Consumer Electronic Show 2018
Alabama incentives for Toyota-Mazda factory top $700 million
The new plant in Huntsville – already a hub for the region’s budding aerospace industry – will produce 300,000 vehicles per year, a combination of the Toyota Corolla compact car and a new small crossover SUV from Mazda. Production is targeted to begin by 2021. MONTGOMERY: Alabama’s total incentive package to Toyota and Mazda will… Continue reading Alabama incentives for Toyota-Mazda factory top $700 million
JCB Group acquires Hidsons to expand with new franchise partners
JCB Group has added Kia, Citroen, Mitsubishi and SsangYong to its list of franchise partners with the acquisition of the family-owned Hidsons Group. The acquisition of the £45 million turnover (2016) Hidsons Group’s operation in North Kent was hailed as “a perfect fit, both culturally and geographically” and add a further six dealerships to the group… Continue reading JCB Group acquires Hidsons to expand with new franchise partners
Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai
Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the Singapore-based firm raised a massive $2 billion led by SoftBank and China’s Didi Chuxing last July with plans to extend the round by a… Continue reading Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai
UPDATE 1-Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market
SEOUL (Reuters) – South Korea’s Hyundai Motor Co (005380.KS) said on Thursday it had invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand into the region to reduce its reliance on China following a damaging diplomatic row between Seoul and Beijing. Hyundai’s first direct investment in a ride-hailing firm gives it a… Continue reading UPDATE 1-Hyundai invests in Grab to gain ‘foothold’ in Southeast Asia ride-hailing market
Hyundai Motor and Grab Sign Strategic Partnership to Expand Mobility Service
SEOUL, South Korea and SINGAPORE, Jan. 10, 2018 /PRNewswire/ — Hyundai Motor Company, South Korea’s largest automaker, and Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced a strategic partnership that will expand Hyundai’s innovative future mobility services in Southeast Asia. The strategic partnership will help Hyundai explore new opportunities in the… Continue reading Hyundai Motor and Grab Sign Strategic Partnership to Expand Mobility Service