May 11th, 2018 by Steve Hanley Carlos Ghosn may not be as sexy as Elon Musk, but he knows a thing or two about building and selling automobiles, especially electric cars. Since China is ground zero for the electric car market at the moment, it was only appropriate that Ghosn was in Hong Kong last… Continue reading Carlos Ghosn: Range Is No Longer A Concern. Now The Issue Is Price.
Tag: People
Ford F-150 pickup supplier had trail of safety violations before explosion hit plant
Phoebe Wall Howard, Nathan Bomey, Justin A. Hinkley and Eric Lacy, USA TODAY Network Published 11:51 a.m. ET May 11, 2018 Autoplay Show Thumbnails Show Captions Last SlideNext Slide Firefighters wait for magnesium to burn out at a fire in Meridian Magnesium Products of America in Eaton Rapids, Michigan, Wednesday morning, May 2, 2018. (Photo:… Continue reading Ford F-150 pickup supplier had trail of safety violations before explosion hit plant
UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
NEW YORK/STOCKHOLM/BEIJING (Reuters) – The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker in a broad range of $16 billion to $30 billion, a person familiar with the matter said on Thursday. FILE PHOTO: The Volvo logo is seen… Continue reading UPDATE 2-Chinese owner eyes Volvo Cars IPO, picks banks – source
Ford Chairman Bill Ford Jr Says ‘Fairly Large’ Changes in Store For the Automaker
Ford Motor Co shareholders should expect “fairly large” changes in the coming year, Executive Chairman Bill Ford Jr. told Reuters, building on the automaker’s moves to discontinue some North American models and boost electric vehicle investment. Ford has promised to cut costs overall but still faces questions about lagging performance in certain regions and calls… Continue reading Ford Chairman Bill Ford Jr Says ‘Fairly Large’ Changes in Store For the Automaker
China’s Didi Chuxing suspends its carpooling service following murder of a passenger
Didi Chuxing, China’s largest ride-hailing service, has suspended its Hitch carpooling service for one week as it investigates the murder of a passenger. The victim was a 21-year-old air stewardess identified only as Ms. Li. State-run news agency Global Times reports that the incident took place in the evening of May 5, when she used… Continue reading China’s Didi Chuxing suspends its carpooling service following murder of a passenger
Supplier Rebel Prevent achieves partial success
The district court of Leipzig has made a decision in the dispute between the Prevent subsidiary ES Guss and VW – and thus far behind the request of the supplier. Factory premises of the automotive supplier ES Automobilguss in Schönheide Friday, 11.05.2018 5:32 pm In the legal dispute with VW, the automotive supplier ES Automobilguss… Continue reading Supplier Rebel Prevent achieves partial success
(LEAD) Hyundai mulls acquiring electronic auto parts maker for growth
(ATTN: ADDS details in 4th para and Chung’s comment on Genesis sedan in last para) SEOUL, May 11 (Yonhap) — Hyundai Mobis Co., South Korea’s largest auto parts company by sales, is considering acquiring an electronic auto component maker to stay ahead in future car technologies, the company said Friday. In a recent interview with… Continue reading (LEAD) Hyundai mulls acquiring electronic auto parts maker for growth
Press Release – Magna Announces Record First Quarter Results
Please click HERE for a PDF version of the release. Record quarterly sales, up 21% year over year to $10.79 billion Record quarterly diluted earnings per share of $1.83, increased 21% Cash provided from operating activities of $577 million, up 26%, a first quarter record Paid dividends of $118 million and returned $103 million to… Continue reading Press Release – Magna Announces Record First Quarter Results
Japan bus drivers: Strikes with a difference
Bus drivers in the Japanese city of Okayama are on strike, but this is no ordinary industrial dispute. They’re still working, driving around picking up passengers. But they’re not doing a key part of the job – accepting fares – as they seek greater job security in the face of stiff competition from a rival… Continue reading Japan bus drivers: Strikes with a difference
PSA Group suspends controversial severance pay for the time being
Opel is after the takeover by France’s PSA Group at a crossroads: The management wants to drastically reduce the workforce, the union suspects a clear-cut, which threatens the substance. Employees in front of Opelwerk in Rüsselsheim Wednesday, 09.05.2018 19:03 clock After a long dispute, the Car manufacturer Opel be Controversial severance program for the time… Continue reading PSA Group suspends controversial severance pay for the time being