(ATTN: ADDS details throughout) SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure through business spinoffs and mergers between related businesses. The business group said it is planning to spin off the module manufacturing and after-sales parts business of auto parts maker… Continue reading (LEAD) Hyundai Motor to streamline governance structure
Tag: Strategy
Hyundai Motor to streamline governance structure
SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure by spinning off and merging two major affiliates. The auto group plans to spin off auto parts maker Hyundai Mobis Co.’s core module business unit and then merge it with logistics firm Hyundai… Continue reading Hyundai Motor to streamline governance structure
Cadillac XT4 compact SUV debuts at New York auto show
Autoplay Show Thumbnails Show Captions Last SlideNext Slide Cadillac’s new XT4 crossover. (Photo: GM) New York — Cadillac is making a late entry to the compact SUV market with the debut of the sporty XT4 crossover. The XT4, which debuted Tuesday at Cadillac’s headquarters in Manhattan, is a much-needed entry for the brand in the… Continue reading Cadillac XT4 compact SUV debuts at New York auto show
26/2018, IG Metall and BDH call for a long-term strategy for the restructuring of the heating market
Future memorandum shows ways to reduce energy consumption Frankfurt am Main / Berlin – According to the Federal Association of the German Heating Industry (BDH) and the IG Metall, the heating market and its employees have a decisive role to play in achieving the climate goals. In a joint memorandum for the future, the two… Continue reading 26/2018,
IG Metall and BDH call for a long-term strategy for the restructuring of the heating market
GAC Motor Debuts at NADA: Building North American Dealer Network with Successful Dealer Gathering
LAS VEGAS, March 26, 2018 /PRNewswire/ — GAC Motor, China’s fastest-growing automaker, has made a great first impression with North American auto dealers with its successful debut at the National Automobile Dealers Association Show (NADA), showcasing a star lineup of best-selling vehicles, as well as holding a dealer gathering to draw interest in the company establishing a dealership… Continue reading GAC Motor Debuts at NADA: Building North American Dealer Network with Successful Dealer Gathering
Lincoln to launch ‘next chapter’ at NY show
Lincoln — like Ford’s Blue Oval — is in the midst of a lineup refresh. (Photo: Lincoln) Lincoln Motor Co. uses the New York auto show as its megaphone, and this year won’t be any different. The luxury automaker’s future is going to look a lot like what was outlined in the Ford Motor’s two-year… Continue reading Lincoln to launch ‘next chapter’ at NY show
Building the Foundation for a Better 5G
Minnie Ho, senior principal engineer and wireless systems architect at Intel, Minnie, played a role in the design of the Intel Mobile Trial Platform, a desktop-size rig that telecom operators worldwide use to advance 5G. (Photo Credit: Walden Kirsch/Intel Corporation) How she’d describe her work to a 10-year-old: “I put together tiny computer parts, like… Continue reading Building the Foundation for a Better 5G
Dana Increases Cash Consideration for GKN Driveline by £100 million
MAUMEE, Ohio, March 26, 2018 /PRNewswire/ — In support of strong investor interest in its combination with GKN Driveline, Dana Incorporated (NYSE: DAN) announced today that it has improved the terms of its agreed combination and will also double the size of its share repurchase program. Dana has increased the cash element of consideration by… Continue reading Dana Increases Cash Consideration for GKN Driveline by £100 million
PSA wants to totally disengage from Gefco
It’s almost the end of an era. According to our information, PSA has put up for sale its residual interest in the logistician Gefco, one of its historical subsidiaries. The French manufacturer had already sold 75% of the capital of the company in 2012 to the Russian equivalent of the SNCF, RZD . At the… Continue reading PSA wants to totally disengage from Gefco
Federal-Mogul Powertrain and Dong Feng Motor Parts and Components Group Announce New Piston Joint Venture
Federal-Mogul Powertrain and Dong Feng Motor Parts and Components Group Announce New Piston Joint Venture SHANGHAI, March 26, 2018 /PRNewswire/ — Federal-Mogul Powertrain and Dong Feng Motor Parts and Components Group Co., Ltd. (Dong Feng Parts and Components Group), a subsidiary of Dong Feng Motor Corporation, today announced an agreement to establish a new piston… Continue reading Federal-Mogul Powertrain and Dong Feng Motor Parts and Components Group Announce New Piston Joint Venture