EUR 1.1 Billion Deal Largest in LG’s 60 Year History SEOUL, Apr. 26, 2018 ― Earlier today, the Board of Directors of LG Electronics (LG) approved the acquisition of leading automotive lighting and headlight systems provider ZKW Group, capping a deal worth more than EUR 1.1 billion, LG’s largest acquisition to date. Under the terms… Continue reading LG ACQUIRES GLOBAL PREMIUM AUTOMOTIVE LIGHTING COMPANY ZKW GROUP
Tag: BMW
Mazda Production and Sales Results for March 2018 and for April 2017 through March 2018 (Flash Report)
2018/04/26 Production and Sales Mazda Motor Corporation’s production and sales results for March 2018 and for April 2017 through March 2018 are summarized below. Note 1): Overseas production figures indicate Mazda-branded units coming off the production line (excluding CKD units). However, non-Mazda-branded passenger vehicles produced at the Mexico plant are included.Note 2): Global production figures… Continue reading Mazda Production and Sales Results for March 2018 and for April 2017 through March 2018 (Flash Report)
Four carmakers to recall over 230,000 vehicles: ministry
SEOUL, April 26 (Yonhap) — Four carmakers will voluntarily recall more than 230,000 vehicles to fix faulty parts, the transport ministry said Thursday. It is the latest in a series of recalls by carmakers and importers to ensure their vehicles meet current safety rules. The four automakers — Hyundai Motor Co., Kia Motors Corp., Jaguar… Continue reading Four carmakers to recall over 230,000 vehicles: ministry
Volvo’s Polestar 1 luxury hybrid will cost $155,000
Polestar At the Geneva Motor Show last month, Volvo flaunted its long-range plug-in hybrid Polestar 1, which can pull with 600 horsepower thanks to its two electric motors and a 2.0 liter turbo engine. The final price on such a beast has just been revealed at Auto China 2018 in Beijing: $155,000 in the US,… Continue reading Volvo’s Polestar 1 luxury hybrid will cost $155,000
Porsche Doubles Target for Deliveries of Electric Cars by 2025
Porsche set one of the industry’s most aggressive targets for selling plug-in hybrid and battery-powered cars, predicting the vehicles will make up as many as half of its deliveries by 2025 in a sign the shift to electric models is speeding up. The Volkswagen AG luxury brand is readying the all-electric Mission E sports car… Continue reading Porsche Doubles Target for Deliveries of Electric Cars by 2025
BMW China integrates BMW Connected into Tmall Genie.
Munich/Beijing. BMW Connected seamlessly integrates customers’ cars into their digital lives all over the world. And at this year’s Beijing Auto Show the BMW Group in China is demonstrating how BMW Connected has now been linked up to a Chinese ecosystem – through integration into Tmall Genie, the first smart voice assistant developed by Alibaba… Continue reading BMW China integrates BMW Connected into Tmall Genie.
Press Releases – Urban vehicle access regulations require EU stakeholder dialogue
Brussels, 25 April 2018 – Representatives of European cities and automobile manufacturers call on the European Commission to continue to support the ongoing dialogue between all players involved in urban vehicle access regulations (UVARs). Dialogue is necessary to assess the impact of UVARs on mobility, and to achieve a more coordinated approach across the EU.… Continue reading Press Releases – Urban vehicle access regulations require EU stakeholder dialogue
BMW will export from China a 100% electric SUV
In the electric, BMW put on China. And for good reason, according to its local partner, Brilliance China Automotive, the German manufacturer of luxury cars plans to produce, in 2020 its first 100% electric SUV, in their joint venture in Shenyang (Northeast). Above all, this vehicle, called “iX3”, will be sold worldwide, including North America.… Continue reading BMW will export from China a 100% electric SUV
Volvo electric cars to make up 50% of brand’s sales by 2025
Volvo is aiming for fully electric cars to make up 50% of its total sales volume by 2025. The Swedish brand used the Beijing motor show to reveal its intentions of drastically boosting EV output in a bid to capitalise on shifts in demand from Chinese customers, who are making their country the quickest adopter of… Continue reading Volvo electric cars to make up 50% of brand’s sales by 2025
BMW Concept iX3 previews future Jaguar I-Pace rival
BMW says lessons learnt through the establishment of its i sub-brand and recent developments surrounding its upcoming iNext model have allowed it to provide the new Concept iX3 with “new dimension” in performance, operating range, weight and packaging over its first dedicated electric powered production model, the three-year-old i3. The new pure electric SUV, unveiled at… Continue reading BMW Concept iX3 previews future Jaguar I-Pace rival