SEOUL (Reuters) – General Motors Co will propose a base wage freeze and no bonuses this year along with a suspension of some worker benefits at its money-losing South Korean unit to cut costs, according to an internal letter that Reuters reviewed on Friday. GM is bracing for a major showdown with its South Korean… Continue reading UPDATE 1-GM Korea seeks to trim benefits, wages -internal letter
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Is Uber selling its Southeast Asia business to Grab?
If you read the tech press, you might have seen reports that Uber is pursuing a sale in Southeast Asia that would see Grab, its Singapore-headquartered rival valued at $6 billion, acquire Uber’s business in the region. Rumors of such a tie-in have been rife for a while. Uber sold its China business in exactly such… Continue reading Is Uber selling its Southeast Asia business to Grab?
GM to propose wage freeze, no bonuses for South Korean workers this year
SEOUL (Reuters) – General Motors Co will propose a base wage freeze and no bonuses this year as well a suspension of some worker benefits at its money-losing South Korean unit, in an effort to cut costs, showed an internal letter seen by Reuters on Friday. GM announced last week it would shut a plant… Continue reading GM to propose wage freeze, no bonuses for South Korean workers this year
Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%
Please click HERE for a PDF version of the release. Fourth Quarter 2017 Highlights Record sales of $10.4 billion, up 12% from the fourth quarter of 2016 Record diluted earnings per share of $1.53, an increase of 23% Cash from operations of $1.4 billion Returned $461 million to shareholders through share repurchases and dividends Raises… Continue reading Press Release – Magna Announces Fourth Quarter and 2017 Results and Raises Quarterly Cash Dividend by 20%
Partnership agreed between Bosch and Munich Re
The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,500 associates worldwide (as of December 31, 2017). According to preliminary figures, the company generated sales of 78 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building… Continue reading Partnership agreed between Bosch and Munich Re
Despite 'inappropriate behavior,' ousted Ford exec Nair keeps health and retirement benefits
Raj Nair, was Ford President of North America until Wednesday, when he was ousted for improper conduct. (Photo: Ford, Wieck) Raj Nair, the former president of Ford North America, will keep health and retirement benefits despite being ousted from the company for “inappropriate behavior.” He signed a two-year noncompete agreement with his former employer of… Continue reading Despite 'inappropriate behavior,' ousted Ford exec Nair keeps health and retirement benefits
SnappCar, Europcar Launch Drive & Share Solution
Photo courtesy of Europcar Europcar Group announced the launch of its Drive & Share solution in Germany and Denmark together with SnappCar, the second-largest international peer-to-peer car sharing player in Europe, the companies announced. Drive & Share is dedicated to people who want to enjoy the flexibility of owning a car but who don’t need… Continue reading SnappCar, Europcar Launch Drive & Share Solution
Elon Musk is leaving board of the non-profit AI safety group, OpenAI
Elon Musk is leaving board of the non-profit AI safety group, OpenAI in order to remove a potential conflict of interest between the group’s work and the work on artificial intelligence his companies are undertaking. The Tesla CEO co-founded OpenAI in December 2015 along with Y Combinator president Sam Altman, not so long after he’d… Continue reading Elon Musk is leaving board of the non-profit AI safety group, OpenAI
The Responsive Network (Part 3/3)
The Responsive Network (Part 3/3) The future of shared mobility in cities Everything we’ve worked on has led to this. In Part 1 and 2, we wrote about the good and the bad about buses. Finally, here in Part 3, we’re proud to share our most significant innovation to date and the culmination of all our work… Continue reading The Responsive Network (Part 3/3)
Autoliv publishes its 2017 Annual Report on Form 10-K
Thu, Feb 22, 2018 16:35 CET (Stockholm, Sweden, February 22, 2018) – Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has filed its 2017 Annual Report on Form 10-K with the Securities and Exchange Commission (SEC). The Form 10-K is available at the SEC Edgar website: www.sec.gov and on… Continue reading Autoliv publishes its 2017 Annual Report on Form 10-K