SEOUL (Reuters) – General Motors’ (GM.N) South Korean unit plans to ask its U.S. headquarters to roll over a debt of 988 billion won ($929.1 million) owed by the loss-making unit and coming due in April, a source with direct knowledge of the matter told Reuters. The logo of GM Korea is seen at its… Continue reading UPDATE 1-GM Korea to ask GM to roll over debt, cut interest rate -source
Tag: Financial Results
Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support
MAUMEE, Ohio, March 28, 2018 /PRNewswire/ — James Kamsickas, president and chief executive officer of Dana Incorporated (NYSE: DAN), today commented on the benefits a Dana-GKN Driveline combination offers: Superior Value “The Dana and GKN Driveline combination clearly offers superior value to GKN shareholders. It establishes the largest global supplier of vehicle drive systems, and… Continue reading Dana Offers GKN Shareholders Significant Upside through Combination Benefits and Share Price Potential with Major Shareholder Support
Ouster has a new $3.5k, 16-channel lidar (and a 64-channel sensor with longer range)
You may remember Ouster from the recent announcement of the OS-1-64 lidar, a sensor that costs $16,000, fits in one of the smallest packages available, and features a scalable, proprietary sensor technology. Ouster called it as an effort to take on the dominant suppliers in the autonomous vehicle and multi-purpose lidar market. That challenge continues… Continue reading Ouster has a new $3.5k, 16-channel lidar (and a 64-channel sensor with longer range)
Before Annual General Meeting – Attack on VW Board and Supervisory Board: “At last four independent VW supervisory boards find”
All articles and backgrounds 03/28/2018 Before Annual General Meeting – Attack on VW Board of Management and Supervisory Board “Finally Find Four Independent VW Supervisory Boards” DPA Showdown at Volkswagen: Before the Annual General Meeting on May 3, there are numerous countermotions – shareholder protectors accuse the Executive Board and the Supervisory Board of failing… Continue reading Before Annual General Meeting – Attack on VW Board and Supervisory Board: “At last four independent VW supervisory boards find”
Opel wants to postpone wage increases
The tariff increase won by the trade union IG metal could come later for Opel coworkers: According to a report, the repairing automaker wants to spend the money. Opel factory premises in Rüsselsheim (archive) Wednesday, 28.03.2018 12:17 clock Apparently the automaker wants Opel a pending tariff increase temporarily not pay. Trade unions confirmed a report… Continue reading Opel wants to postpone wage increases
Franchised dealers see 19% fall in vehicles for servicing
UK franchised dealers saw a significant year-on-year decline in aftersales business in 2017, according to data from electronic vehicle health check provider autoVHC The company, which sampled 500 UK dealers, found that over the 12 month period the average dealer saw 3,320 vehicles presented at its service department, a 19% drop from the 4,080 vehicles… Continue reading Franchised dealers see 19% fall in vehicles for servicing
All-New 2019 Toyota RAV4 Serves Up A Breakthrough Debut At New York International Auto Show
NEW YORK, March 28, 2018 /PRNewswire/ — All the stops have been pulled for the world debut of the all-new 2019 Toyota RAV4. The vehicle that created the small sport utility vehicle (SUV) segment makes its fifth-generation debut at the New York International Auto Show. All the stops have been pulled for the world debut of… Continue reading All-New 2019 Toyota RAV4 Serves Up A Breakthrough Debut At New York International Auto Show
Cepton launches the new cost-effective VISTA lidar
A new low-power, long-range, high-resolution, and small-size lidar sensor is in the works by Cepton Technologies: the Vista lidar. Since its inception in 2016, Cepton has been working on providing low-cost & high-performance solutions for automotive, industrial, and mapping applications. Last year, the company showed its intent to be the only company in the industry… Continue reading Cepton launches the new cost-effective VISTA lidar
Lincoln looks to SUVs for salvation as sedan sales stall
Just two years after Ford Motor Co. bet the revival of its Lincoln luxury line on the return of the Continental sedan, it’s reversing course and going all in on sport utility vehicles instead. Despite its retro Rat Pack allusions and elegant evocation of Bentley styling, the Continental didn’t sell as expected. Sales are down… Continue reading Lincoln looks to SUVs for salvation as sedan sales stall
Cepton Announces Next-generation LiDAR Solution for Autonomous Vehicles
SAN JOSE, Calif.–(BUSINESS WIRE)–Cepton Technologies, Inc., a leading provider of 3D LiDAR solutions for automotive, industrial and mapping applications, today unveiled its Vista LiDAR sensor at the annual NVIDIA GPU Technology Conference, with immediate availability for the autonomous vehicle market. A video overview is available here: https://vimeo.com/261965022 The Vista LiDAR sensor delivers best-in-class performance to… Continue reading Cepton Announces Next-generation LiDAR Solution for Autonomous Vehicles