Tag: Strategy

Hyundai Motor Group and Baidu Fortify Partnership to Expedite Next Generation Connected Car Era

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Hyundai and Baidu strengthen cooperation for connected car technologiesPartnership to co-develop connected car service that provides wide range of in-car content based on big data, maps, AI, and portal servicesHyundai Motor Group vehicles embedded with Xiaodu In-Car OS to be developed for volume productionPartnership to advance in-vehicle voice recognition services based on Baidu’s natural language processing and Hyundai’s noise cancellation technologiesJoint efforts to speed up launch of intelligent vehicle-to-home services continueHyundai Motor Group (Hyundai) and Baidu today announced the signing of a memorandum of understanding (MOU) for Internet of Vehicles (IoV), signaling their commitment to strengthening cooperation on next-generation connected car technologies. The newly-signed MOU will see the existing partnership — between the world's fifth-largest auto-making group and the leading Chinese language Internet search provider — re..

The BMW 8 Series Gran Coupe – a four-door sports car of sublime elegance and modern luxury.

Munich. The BMW Group is revealing another new addition to the BMW 8 Series range as it presses ahead with its model offensive in the luxury segment. Following the successful launch of the BMW 8 Series Coupe and BMW 8 Series Convertible, the carmaker is now offering the first glimpse of the new BMW 8 Series Gran Coupe. This four-door sports… Continue reading The BMW 8 Series Gran Coupe – a four-door sports car of sublime elegance and modern luxury.

Indonesia’s trucking solutions platform Ritase raises Series A capital

May 3, 2019 Indonesian trucking service platform Ritase has raised an undisclosed amount in a Series A funding round to facilitate its business plans. The capital raised will be used for geographical expansion, as the company plans to foray into two new regional markets this year, it announced at a media event. Even as the… Continue reading Indonesia’s trucking solutions platform Ritase raises Series A capital

AUDI AG: first quarter of 2019 still affected by adverse factors

As expected, the Audi Group has embarked upon a very challenging financial year 2019. First-quarter revenue and operating profit decreased compared with the high levels of the previous year. At 8.0 percent, the operating return on sales was within the range of 7 to 8.5 percent that had been forecast for 2019, but was below… Continue reading AUDI AG: first quarter of 2019 still affected by adverse factors

Julius Seebach – Biography

Julius Seebach was born on December 13, 1983 in Pirmasens. He completed his studies of industrial engineering and business management at the University of Applied Sciences in Kaiserslautern in 2007, and, while working, obtained his international master of business administration degree at the Business School of the University of Saarland in 2011. Between 2007 and… Continue reading Julius Seebach – Biography

BMW Group launches new communication format.

Munich. The BMW Group will strike out in a new direction with regard to how it presents its future technologies, services and products. From 25 to 27 June 2019 the company invites selected international journalists, analysts and further stakeholders to “BMW Group #NEXTGen” at BMW Welt in Munich. The event is also live-streamed publicly. The… Continue reading BMW Group launches new communication format.

Kia reveals upgraded Sportage with enhanced design and new powertrain technology

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Updated exterior design for Kia’s global best-selling vehicleModernized interior with new upholstery and driver instrumentsNew 1.6-liter ‘SmartStream’ diesel engine available in Korea and Europe2.0-liter diesel available with new eight-speed automatic transmissionKia’s first mild-hybrid powertrain available in Europe with all-wheel drive New powertrains sit alongside range of gasoline enginesGlobal sales of 2018 Kia Sportage commence during Q3 2018Kia Motors has revealed details of the upgraded 2018 Kia Sportage, the brand’s global best-selling vehicle. The new model boasts a refreshed exterior and interior design, as well as new safety and infotainment technologies. The mid-sized crossover utility vehicle (CUV) also offers buyers a range of new or upgraded powertrains that deliver high levels of efficiency. Ho Sung Song, Executive Vice President and Chief Operating Officer of Global Operations Division, Kia Motors Corporation, commented: “The..

Dana Incorporated Appoints Leader for Dana India

MAUMEE, Ohio, May 2, 2019 /PRNewswire/ — Dana Incorporated (NYSE: DAN), a leading provider of propulsion technologies in India for more than 50 years, today announced that Gajanan Gandhe is joining the company as country leader of Dana India, effective today.  In this role, Mr. Gandhe will work across Dana, including the company’s business units, functional… Continue reading Dana Incorporated Appoints Leader for Dana India

Pendragon to sell two JLR dealerships in California for £60m

Pendragon has struck deals to sell off two Jaguar Land Rover dealerships in California for £60m as part of its strategy announced two years to pull out of the US. The group has sold Mission Viejo to Lithia Motors for £29m in cash and Newport Beach for £31m. Lithia Auto had previously bought Pendragon’s Aston… Continue reading Pendragon to sell two JLR dealerships in California for £60m

CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA

“ CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA  Transaction will create a leading global independent automotive supplier 2 May 2019 CK Holdings Co., Ltd. (“CK Holdings”), a holding company of Calsonic Kansei Corporation (“Calsonic Kansei”), today announces the completion of its previously announced acquisition of Magneti Marelli S.p.A. (“Magneti Marelli”) from Fiat… Continue reading CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA