SEOUL (Reuters) – General Motors (GM.N) has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, four sources with direct knowledge of the matter said. The restructuring proposal comes after the Detroit automaker announced last week that… Continue reading Exclusive: GM offers $2.2 billion debt for equity swap in return for Seoul’s support – sources
Tag: People
Daimler Downplays Report on Rigged U.S. Emission-Test Software
Daimler AG sought to play down a newspaper report that its own engineers questioned the legality of software used to control diesel equipment in its vehicles, saying U.S. authorities knew about the allegations and haven’t taken action. Documents reported on by Bild am Sonntag have “selectively been released in order to harm Daimler and its 290,000… Continue reading Daimler Downplays Report on Rigged U.S. Emission-Test Software
SEAT fans choose Tarraco to name the brand’s new SUV
More than 146,000 people participated in selecting the winning name
MBE2—a global revolution in ethanol production by MAHLE
The latest in fuels The use of biofuels in internal combustion engines is an important alternative to significantly reduce CO2 emissions—one of the gases responsible for the greenhouse effect. Ethanol is thus used in countries all over the world as a strategic fuel. In Brazil and the U.S., for example, a large fleet of vehicles… Continue reading MBE2—a global revolution in ethanol production by MAHLE
Mahindra to make an additional investment of over Rs. 500 crore for Electric Vehicles and Electric Vehicle Components in Chakan as part of expansion efforts
Mahindra to make an additional investment of over Rs. 500 crore for Electric Vehicles and Electric Vehicle Components in Chakan as part of expansion efforts To boost investment and employment at Chakan, Maharashtra Mumbai, February 19, 2018: Mahindra & Mahindra Ltd (M&M Ltd), a part of the US $19 billion Mahindra Group, today announced, in… Continue reading Mahindra to make an additional investment of over Rs. 500 crore for Electric Vehicles and Electric Vehicle Components in Chakan as part of expansion efforts
DENSO Announces Management Changes
KARIYA (Japan) ―DENSO Corporation today announced management changes, which were approved at today’s board of directors meeting. The following management changes will be effective April 1, 2018: (1)Toshiyuki Kato will be appointed to executive vice president. Currently he is a senior executive director. (2)The following will be appointed as senior executive directors: Kazuaki Fujitani, currently… Continue reading DENSO Announces Management Changes
2017, another year of strong growth: New financings of €20.6 billion and pre-tax income of €1,077 million
In 2017, RCI Bank and Services successfully supported the growth of the Alliance brands with a new record on sales performance, enabling the company to post strong results growth. This success was driven by the commitment of all employees.
US investigators apparently find cheating software: Daimler should have tricked in diesel emissions tests
All articles and backgrounds 02/19/2018 US investigators apparently find cheating software Daimler is said to have tricked in diesel emissions tests DPA How clean are you really? US investigators are said to have found in diesel vehicles from Daimler fraudulent software Daimler threatens to get deeper into the maelstrom of the diesel exhaust scandal. For… Continue reading US investigators apparently find cheating software: Daimler should have tricked in diesel emissions tests
Daimler may have used software to cheat on US emissions tests
Getty Images Daimler has been under suspicion of cheating on US emissions tests for quite a while now — in 2016, a number of customers even sued the automaker, claiming their cars had sneaky software made to trick testers similar to Volkswagen’s. Now, according to German newspaper Bild am Sonntag, US authorities investigating the Mercedes… Continue reading Daimler may have used software to cheat on US emissions tests
The Smart car goes electric before it plans its autonomous future
Look at some of the autonomous vehicle concepts, predicting a future of us being able to treat a car as a lounge or work area when we don’t want to actually drive, and you’ll notice one thing: space. By that, I mean the space they take up on the road. Everyone seems to be designing… Continue reading The Smart car goes electric before it plans its autonomous future