ULSAN:Hyundai Motor‘s union chief warned its workers may face a similar crisis to the one hitting General Motors‘ South Korean unit as sales in key markets slide, adding that electric cars were ‘evil’ and will destroy jobs. South Korea’s auto industry, known for its robust unions whose workers tend to be paid more and have… Continue reading Hyundai union head fears GM-like crisis; says electric cars destroy jobs
Tag: Financial Results
Hyundai union chief warns of job crisis, says electric cars are ‘evil’
“We’re feeling job anxiety. We’re feeling a sense of crisis,” Ha Bu-young, the head of the Hyundai Motor union, South Korea’s biggest and most powerful union, told Reuters in an interview late last week. ULSAN, South Korea: Hyundai Motor’s union chief warned its workers may face a similar crisis to the one hitting General Motors‘… Continue reading Hyundai union chief warns of job crisis, says electric cars are ‘evil’
Nissan aims to sell 1 million electrified vehicles a year by FY2022
Nissan aims to sell 1 million electrified vehicles a year by FY2022 Nissan M.O.V.E to 2022 midterm plan targets technology evolution with electric vehicle leadership, autonomous driving expansion and the delivery of mobility services YOKOHAMA, Japan – Nissan Motor Co., Ltd. today unveiled plans to launch growing numbers of electrified vehicles, expand and evolve… Continue reading Nissan aims to sell 1 million electrified vehicles a year by FY2022
Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’
Peugeot, the PSA Group’s most successful brand, grew its sales significantly by 10.4% last year. In stark contrast to the performances of siblings Citroën and DS, whose sales declined 7.5% and 38.5% respectively, Peugeot sold 2,119,845 cars across the 12 months. That’s more than two-thirds of PSA’s total. Buoyed by this strong performance, Peugeot chief… Continue reading Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’
Volvo Cars to produce Lynk & Co cars at Ghent, Belgium plant
Volvo Cars to produce Lynk & Co cars at Ghent, Belgium plant Volvo Cars, the premium car maker, will produce cars for the new car brand Lynk & Co in Volvo Cars’ manufacturing plant in Ghent, Belgium from late 2019. The announcement represents a closer collaboration between the two companies, following Volvo Cars’… Continue reading Volvo Cars to produce Lynk & Co cars at Ghent, Belgium plant
Uber has agreed to sell its Southeast Asia business to rival Grab
After weeks of speculation, Uber has concluded a deal that will see it sell its business in Southeast Asia to local rival Grab. The company plans to announce the agreement this coming week and potentially as soon as Monday, two sources have confirmed to TechCrunch. Full details of the arrangement aren’t fully clear at this point, but… Continue reading Uber has agreed to sell its Southeast Asia business to rival Grab
Nissan Slows Output After U.S. Demand Drop Led to Bloated Supply
Nissan Motor Co. is slowing production at several assembly plants to keep the supply of vehicles on U.S. dealers’ lots in check after being caught off guard by weaker consumer demand. Japan’s second-largest automaker is aiming to have a 50- to 60-day supply of cars and trucks in August, when dealers start transitioning to sell… Continue reading Nissan Slows Output After U.S. Demand Drop Led to Bloated Supply
VW boss says ‘risk of jail’ justifies mega salary
FRANKFURT AM MAIN, Germany – The head of German car giant Volkswagen, still grappling with the fallout from a huge emissions cheating scandal, on Friday defended his 10-million-euro salary by saying it made up for the risk of having “one foot in jail”. In an interview with news weekly Der Spiegel, Matthias Mueller said he… Continue reading VW boss says ‘risk of jail’ justifies mega salary
Nissan: Nissan aims to sell 1 million electrified vehicles a year by FY2022
Nissan M.O.V.E to 2022 midterm plan targets technology evolution with electric vehicle leadership, autonomous driving expansion and the delivery of mobility services YOKOHAMA, Japan – Nissan Motor Co., Ltd. today unveiled plans to launch growing numbers of electrified vehicles, expand and evolve autonomous driving systems, and accelerate vehicle connectivity as part of its Nissan M.O.V.E.… Continue reading Nissan: Nissan aims to sell 1 million electrified vehicles a year by FY2022
Nexteer CEO Zhao Guibin: Seeking Innovation-driven Growth
SHANGHAI, March 23, 2018 /PRNewswire/ — Following the acquisition by Aviation Industry Corporation of China (AVIC) in 2011, the 110-year-old Nexteer Automotive, once an auto parts division under GM, has found its way into rapid development. The EVs and autonomous vehicles are gaining impetus, what impacts will the market changes exert on the company’s future… Continue reading Nexteer CEO Zhao Guibin: Seeking Innovation-driven Growth