Tag: GM

UPDATE 1-GM president says ‘shared sacrifice’ needed to fix GM Korea

DETROIT (Reuters) – General Motors Co (GM.N) President Dan Ammann said on Monday the automaker’s troubled South Korean operations can be a“sustainable, profitable business,” if unions and the South Korean government agree quickly on a restructuring. FILE PHOTO: Cars made by GM Korea are seen on trucks in a yard of GM Korea’s Bupyeong plant… Continue reading UPDATE 1-GM president says ‘shared sacrifice’ needed to fix GM Korea

China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions

China’s WM Motor Technology Co., set to take on Tesla Inc. with an electric SUV going on sale this year, is open to holding an initial public offering in the U.S. as its founder shrugs off a potential trade war between the world’s two biggest economies. The company has a team looking into proposals for… Continue reading China’s WM Motor Open to U.S. IPO, Shrugging Off Trade Tensions

Lyft says it passed $1 billion in GAAP revenue in 2017

Ride hailing company Lyft says it booked over $1 billion in GAAP revenue for 2018, and showed revenue growth of 168% in Q4 versus the prior year’s quarter. That growth is nearly 3 times as fast as Uber, which saw a 61% increase in revenue in Q4 vs a year ago. It’s also claiming 10… Continue reading Lyft says it passed $1 billion in GAAP revenue in 2017

Lyft says its revenue is growing nearly 3x faster than Uber’s

Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S., and riding some very bad news from its primary rival Uber. That’s helped it grow revenue to over $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced… Continue reading Lyft says its revenue is growing nearly 3x faster than Uber’s

Opel: IG Metall warning to Tavares

A year after the announcement of Opel’s purchase of General Motors by PSA, the French group’s management is negotiating with the works council of its new German subsidiary. Its goal is to reduce costs and bring the brand back to the brink. A risky gamble after years of accumulated deficit under the GM era. Discussions… Continue reading Opel: IG Metall warning to Tavares

Aggression against Autonomous Vehicles | DMV report

As the DMV tells, this year it has already come twice to rage against autonomous vehicles. The factor human has other behaviors than just unintentionally error to commit. Man can also go crazy, perhaps with preference in traffic. 2017 Chevrolet Bolt EV © General Motors Regularly, businesses that work in California to test the autonomous… Continue reading Aggression against Autonomous Vehicles | DMV report

Geely, Autoliv & Zenuity for Level 3 Systems in China

The Chinese automaker Geely wants to purchase semi-autonomous systems for the Chinese market from Sweden. First, in this context, the company affiliation must be cleared up. Autoliv is a supplier from Sweden, especially for Volvo, Volvo belongs to Geely, which also recently Mercedes Benz and Volvo Trucks have entered. Volvo also has teamed with Autoliv… Continue reading Geely, Autoliv & Zenuity for Level 3 Systems in China

Groupe PSA Will Assemble OPEL and PEUGEOT Vehicles in Namibia in 2018

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) and the Namibian government have signed an investment agreement facilitating the joint-venture agreement between Groupe PSA and Namibia Development Corporation (NDC) to assemble OPEL and PEUGEOT vehicles in Walvis Bay. Assembly will start in H2 2018 with an annual targeted volume of 5,000 units by 2020 to meet… Continue reading Groupe PSA Will Assemble OPEL and PEUGEOT Vehicles in Namibia in 2018