(ATTN: UPDATES with quote and other details) By Kim Kwang-tae SEOUL, May 16 (Yonhap) — Hyundai Motor Group on Wednesday accused U.S. proxy adviser ISS of misleading the market by opposing its corporate governance overhaul program as it vowed to persuade investors to support the restructuring plan at two key shareholders’ meetings set for later… Continue reading (LEAD) Hyundai Motor says ISS opposition to overhaul plan ‘deeply regrettable’
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Volvo Cars to eliminate diesel from the new S60 sedan
Volvo Cars to eliminate diesel from the new S60 sedan The new Volvo S60 sedan – to be launched later this spring – will be the first Volvo to be produced without a diesel engine, highlighting Volvo Cars’ commitment to a long-term future beyond the traditional combustion engine. All new Volvo models launched from 2019… Continue reading Volvo Cars to eliminate diesel from the new S60 sedan
Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave
May 16, 2018 Asian investors have backed US-based startups with Baidu joining in advanced sensor developer Vesper’s Series B funding and car-maker Hyundai Motor’s corporate venture arm Hyundai CRADLE investing in Metawave Coporation. Baidu joins Vesper’s $23m Series B Boston-based advanced piezoelectric sensors developer Vesper has raised a $23 million Series B funding, led by… Continue reading Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave
UPDATE 1-Tesla loses two top executives at energy unit – Bloomberg
(Reuters) – Tesla Inc’s (TSLA.O) energy unit has lost two major executives, Bloomberg reported on Tuesday, citing people familiar with the matter. The company logo is seen in front of a showroom of U.S. car manufacturer Tesla in Zurich, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann Arch Padmanabhan, the product director for Tesla’s stationary storage unit,… Continue reading UPDATE 1-Tesla loses two top executives at energy unit – Bloomberg
Tesla plans six-day stoppage at factory for assembly line fixes: sources
SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) will pause production at its California factory for six days at the end of the May to work on fixes to its assembly line for its new Model 3 sedan, sources inside the company told Reuters. A Tesla logo is seen in Los Angeles, California U.S. January 12,… Continue reading Tesla plans six-day stoppage at factory for assembly line fixes: sources
Building Skills for High-Demand Jobs
SAN ANTONIO (May 15, 2018) – Schools in the greater San Antonio area will soon have additional resources to help prepare youth for the jobs of tomorrow. Toyota USA Foundation, together with Project Lead The Way (PLTW), awarded $400,000 in grants to provide curriculum and teacher professional development focused on computer science, engineering, and biomedical… Continue reading Building Skills for High-Demand Jobs
PSA tackles the 35-hour taboo
PSA continues to use opportunities offered by the Labor Law . The French car manufacturer has proposed to some 3,000 employees of its plant in Vesoul (Haute-Saone) to increase their working time from 35 hours to 37 hours 45 per week (an increase of 7.8%), in exchange for a wage increase of 2.8%. A project… Continue reading PSA tackles the 35-hour taboo
Magna to supply structural castings to JLR from new plant in the UK
Magna has opened an aluminium casting facility in Telford, England, which will supply structural castings to Jaguar Land Rover, a leading vehicle manufacturer in the UK and Magna’s long-time customer. The new facility is approximately 225,000 square feet and is expected to employ 300 people. Magna management was joined by Jaguar Land Rover executives and… Continue reading Magna to supply structural castings to JLR from new plant in the UK
RETAIL NETWORK CONTINUES TO INVEST AS McLAREN AUTOMOTIVE ACCELERATES NORTH AMERICAN GROWTH
22 May 2018 McLaren Beverly Hills and McLaren Sterling open brand new showrooms Retailers continue to invest in brand as sales increase Retailer network in North America includes 23 locations; new retail points scheduled for announcement in 2018 McLaren Automotive retailers on both the East and West Coasts have opened new, brand exclusive, showroom facilities… Continue reading RETAIL NETWORK CONTINUES TO INVEST AS McLAREN AUTOMOTIVE ACCELERATES NORTH AMERICAN GROWTH
Keyless cars causing dozens of deaths
Dozens of people have been poisoned by carbon monoxide after failing to turn off the ignition on keyless cars, according to the New York Times. Its report found that 28 people had died and 45 others had suffered injuries since 2006. More than half of the 17 million vehicles sold annually in the US now… Continue reading Keyless cars causing dozens of deaths