The award to ex-Hyundai Motor engineer Kim Gwang-ho is the biggest ever in a whistleblower case in the auto sector globally, according to law firm Constantine Cannon. The U.S. auto safety regulator announced on Tuesday its first-ever reward to a whistleblower, handing out more than $24 million to a former Hyundai Motor Co employee who… Continue reading U.S. auto safety regulator awards over $24 mln to Hyundai Motor whistleblower
Tag: Strategy
General Electric to split into 3 public companies
The company, founded in 1892, has refashioned itself in recent years from the sprawling conglomerate created by Jack Welch in the 1980s to a much smaller and focused entity. It was heavily damaged by the financial crisis. The storied American company General Electric will divide itself into three public companies focused on aviation, healthcare and… Continue reading General Electric to split into 3 public companies
@Groupe PSA: PR Stellantis Announces Launch of Stellantis & You, Sales and Services002754
New commercial name for Stellantis’ retail division for Europe and Morocco A new digital marketplace to enhance customer experience, with e-reservation and a modern responsive design AMSTERDAM – Stellantis N.V. (NYSE/MTA/Euronext Paris: STLA) (“Stellantis”) is pleased to announce the launch of Stellantis & You, Sales and Services, the new commercial name of Stellantis’ retail division… Continue reading @Groupe PSA: PR Stellantis Announces Launch of Stellantis & You, Sales and Services002754
@BMW: BMW i Ventures Invests in Upstream Security to Accelerate the Development of Connected Vehicle Cybersecurity Solutions.001576
Mountain View, CA – November 9, 2021…BMW i Ventures, the venture capital unit of the BMW Group, announced today a strategic investment in Upstream Security, which aims to accelerate the development of innovative automotive cybersecurity technologies and promote strategic connected vehicle cybersecurity projects. Upstream provides a data management platform purpose-built for connected vehicles, delivering unparalleled automotive… Continue reading @BMW: BMW i Ventures Invests in Upstream Security to Accelerate the Development of Connected Vehicle Cybersecurity Solutions.001576
@Hyundai: Hyundai Motor Group announces the formation of Supernal to lead the Group’s progress in Advanced Air Mobility
Supernal, an evolution of the Group’s Urban Air Mobility Division, is developing an eVTOL vehicle for 2028 entry-into-service and convening diverse stakeholders to responsibly shape the Advanced Air Mobility market Supernal will use the Group’s scaled manufacturing, and mobility technologies and innovations to revolutionize air travel Supernal will take mobility to the next dimension, with… Continue reading @Hyundai: Hyundai Motor Group announces the formation of Supernal to lead the Group’s progress in Advanced Air Mobility
@Geely: Kandi Technologies Reports Third Quarter 2021 Financial Results
— Revenue ~$17 million —Working Capital of ~$289 million, cash1 balance $211 million —— Sales into e-Scooter-related markets surge nearly 600% — JINHUA, China, Nov. 09, 2021 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the “Company,” “we” or “Kandi”) (NASDAQ GS: KNDI), today announced financial results for the third quarter of 2021. Third Quarter Highlights Total revenues… Continue reading @Geely: Kandi Technologies Reports Third Quarter 2021 Financial Results
Hyundai Motor Group announces the formation of Supernal to lead the Group’s progress in Advanced Air Mobility
“In adding a new dimension to mobility, we are on a mission to transform how people and society move, connect, and live,” said Jaiwon Shin, Chief Executive Officer of Supernal and President, of Hyundai Motor Group. “We have bold ambitions at Supernal but being first to market is not one of them. We are working… Continue reading Hyundai Motor Group announces the formation of Supernal to lead the Group’s progress in Advanced Air Mobility
M&M Q2 PAT up 214% to INR 1,929 cr
Mahindra said it sold 99,334 vehicles during the period under review, up 9% from 91,536 units in the second quarter of last fiscal. New Delhi: Mahindra & Mahindra (M&M) Group on Tuesday reported a growth of 213.6% in its consolidated PAT to INR 1,928.64 crore in Q2 FY22 as against INR 614.64 crore during Q2… Continue reading M&M Q2 PAT up 214% to INR 1,929 cr
@BMW: BMW of North America And California Bioenergy Expand Partnership Utilizing Innovative Dairy Technology to Provide Clean Energy for EV Charging in California.001574
Mountain View, CA- November 8, 2021… As the first automaker to collaborate with dairy farms on renewable energy projects, BMW of North America and California Bioenergy (CalBio) today announced an expanded partnership to include Bar 20 Dairy, a farm based in Kerman, CA. The collaboration aims to power EVs in California with clean energy, and… Continue reading @BMW: BMW of North America And California Bioenergy Expand Partnership Utilizing Innovative Dairy Technology to Provide Clean Energy for EV Charging in California.001574
Ford debuts ‘green bonds’ amid shift to electric vehicles
Ford Motor Co. for the first time is selling bonds aimed at benefiting the environment, part of the automaker’s transition to electric vehicles. The Dearborn-based company is marketing “green bonds” expected to mature in 10 years, according to a person with knowledge of the matter. Early pricing discussions anticipate a yield in the 3.625% area… Continue reading Ford debuts ‘green bonds’ amid shift to electric vehicles