(ATTN: ADDS more details throughout) By Choi Kyong-ae SEOUL, April 24 (Yonhap) — General Motors Corp. and the state-run Korea Development Bank, the two biggest shareholders of GM Korea Co., are set to sign an initial funding agreement this week to help GM’s Korean unit stay afloat, the two companies said Tuesday. The KDB is… Continue reading (LEAD) KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week
Tag: People
Nissan and Mitsubishi Motors team up on spare parts warehousing in Japan’s Kanto region
TOKYO/YOKOHAMA, Japan (April 24, 2018) – Nissan Motor Co., Ltd. and Mitsubishi Motors Corp. will jointly use a spare parts warehouse near Tokyo and share a regional delivery network as they work together more closely to reduce costs. The companies will both use Nissan’s Sagamihara Parts Center, about 30 kilometers southwest of Tokyo, beginning in… Continue reading Nissan and Mitsubishi Motors team up on spare parts warehousing in Japan’s Kanto region
Autocar confidential: Lynk&Co’s strategy, Toyota Supra, internet sales & more
This week’s snippets of automotive news include news on Lynk&Co‘s strategy, Toyota Supra, Citroën internet sales and driving modes. Lynk&Co’s strategy: New subscription-based marque Lynk&Co is aiming to sell cars to “people who don’t want to buy cars”, and boss Alain Visser said this approach has changed the way he recruits. The former Ford and… Continue reading Autocar confidential: Lynk&Co’s strategy, Toyota Supra, internet sales & more
After mass layoffs at Ohio plant, UAW gives GM greenlight to hire lower-paid temps
After mass layoffs at Ohio plant, UAW gives GM greenlight to hire lower-paid temps By Tim Rivers24 April 2018 Within days of announcing the elimination of an entire shift and 1,500 jobs at the giant Lordstown, Ohio assembly plant, General Motors announced that its subsidiary, known as the Lordstown GM Subsystems Manufacturing LLC, will… Continue reading After mass layoffs at Ohio plant, UAW gives GM greenlight to hire lower-paid temps
GM swaps factories with L’Oreal on energy-savings quest
GM employees Al Hildreth, global energy manager, left; Erin Lawrence, associate energy engineer; and Brian Wilger, senior environmental engineer, explored the L’Oreal factory. (Photo: GM) What do a car factory and a cosmetics factory have in common? More than you might expect. General Motors Co. and L’Oreal USA temporarily swapped energy management teams earlier this… Continue reading GM swaps factories with L’Oreal on energy-savings quest
Renault-Nissan-Mitsubishi joins DiDi Chuxing in DiDi Auto Alliance
World’s leading automotive alliance joins DiDi to pursue new mobility solutions in China Renault-Nissan-Mitsubishi, the world’s leading automotive alliance, today announced it is one of the partners of DiDi Auto Alliance (the D-Alliance), which was formed by DiDi Chuxing (‘DiDi’), the top Chinese mobile transportation platform. The DiDi Auto Alliance is an intelligent ride-sharing alliance… Continue reading Renault-Nissan-Mitsubishi joins DiDi Chuxing in DiDi Auto Alliance
KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week
By Choi Kyong-ae SEOUL, April 24 (Yonhap) — General Motors Corp. and the state-run Korea Development Bank, the two biggest shareholders of GM Korea Co., are set to sign an initial funding agreement this week to help GM’s Korean unit stay afloat, the two companies said Tuesday. The KDB is expected to sign a preliminary… Continue reading KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week
Brits’ dependence on commercial vehicles revealed as new research shows 9 in 10 would be worse off without them
Almost 9 in 10 (88%) British consumers say reduced or restricted services from CV-driven services would significantly affect their quality of life. New survey shows extent of British people’s reliance on CVs for their day-to-day lives, with 46% recognising they benefitted in some form in the last 24 hours. Rubbish collection, online deliveries and sending… Continue reading Brits’ dependence on commercial vehicles revealed as new research shows 9 in 10 would be worse off without them
Marchionne’s Exit Puts Fiat Chrysler in Play for Merger Deal
Sergio Marchionne spent the last 14 years transforming Fiat Chrysler Automobiles NV through a series of spinoffs and mergers from a near-bankrupt Italian conglomerate into the best-performing U.S. automaker. His pending exit may open the door for the next big deal. Marchionne, 65, is set to start his final year as chief executive officer after… Continue reading Marchionne’s Exit Puts Fiat Chrysler in Play for Merger Deal
Ride-hailing app Careem reveals data breach affecting 14 million people
Careem, the ride-hailing company based in Dubai, revealed today it was the victim of a cyber breach. Hackers accessed the names, email addresses, phone numbers and trip data of anyone who signed up for Careem prior to January 14. Careem said there’s no evidence the hackers accessed passwords or credit card information. While the breach… Continue reading Ride-hailing app Careem reveals data breach affecting 14 million people