SEOUL, April 5 (Yonhap) — The chief of South Korea’s financial regulator on Thursday said he views Elliott Advisors Ltd.’s demands for more efforts to improve corporate governance at Hyundai Motor Group differently from Elliott’s intervention in the merger of two Samsung Group affiliates three years ago. In a venture startup fund event held in… Continue reading Hyundai has no reason to overreact to Elliott’s demands; regulator
Tag: Strategy
Construction Commencement of GWM Manufacturing Base …
On March 28, construction of GWM Manufacturing Base in Yongchuan, Chongqing (hereinafter referred to as “the Project”) was formally commenced in the Phoenix Lake Industrial Park, High-tech Zone, Yongchuan District. Wei Jianjun (Chairman of GWM), Meng Shujie, (General Manager of GWM (Chongqing)), Lu Kehua (Vice-Mayor, People’s Government, Chongqing Municipality), Teng Hongwei (Secretary of Yongchuan District… Continue reading Construction Commencement of GWM Manufacturing Base …
Daimler to explore further cooperation with Geely
Daimler AG (AG) is exploring the possibility of further cooperation with new major shareholder Li Shufu’s Chinese car maker Geely, Chief Executive Dieter Zetsche said at Daimler’s annual general meeting on Thursday. Mr. Li, who has accumulated close to a 10% stake in Daimler, is supporting the car maker’s long-term strategy and talks have been… Continue reading Daimler to explore further cooperation with Geely
2017 Sustainability Report: new focus
Detailed documentation of the economic, ecological and social effects of corporate activities Current target programme: sustainability strategy 2030 Stuttgart. On the day of the Daimler Annual General Meeting in Berlin on 5 April 2018, the company will also publish its 2017 Sustainability Report. From that date the comprehensive report can be found here in the… Continue reading 2017 Sustainability Report: new focus
Dieter Zetsche at the Annual Shareholders’ Meeting: “At Daimler, we take advantage of the opportunities that arise from change. That’s why we occupy the top spot today.”
BERLIN, April 5, 2018 /PRNewswire/ — 2017 was the most successful year in the company’s history Daimler is undergoing the greatest transformation in its history with a focus on five strategic areas Shareholders vote on highest-ever dividend of €3.65 per share to date Changes in the Supervisory Board “Daimler AG mastered many challenges extremely well… Continue reading Dieter Zetsche at the Annual Shareholders’ Meeting: “At Daimler, we take advantage of the opportunities that arise from change. That’s why we occupy the top spot today.”
Vauxhall owner hands boost to Luton plant
The owner of Vauxhall says its Luton plant will make the new Opel/Vauxhall Vivaro vehicle in a decision that will safeguard 1,400 jobs. The new Vivaro van replaces the current model from 2019 and the plant’s capacity is expected to increase to 100,000 vehicles a year. PSA Group, which owns Vauxhall, did not say how… Continue reading Vauxhall owner hands boost to Luton plant
Volkswagen picks partners for $25bn battery orders in electric cars push
Volkswagen has picked partners to provide battery cells and related technology worth around €20 billion ($25bn) for its growing electric car programme, adding further pressure on US pioneer Tesla. Until its “dieselgate” emissions scandal was revealed two-and-a-half years ago, Europe’s largest automaker had been slow to embrace electric cars. But the fraud prompted a strategic… Continue reading Volkswagen picks partners for $25bn battery orders in electric cars push
WRAPUP 8-China strikes back with duties on U.S. soybeans, planes; markets drop
BEIJING/WASHINGTON (Reuters) – China hit back quickly on Wednesday against U.S. plans to impose tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals in a move that sent global markets lower. Beijing responded after U.S. President Donald Trump’s administration… Continue reading WRAPUP 8-China strikes back with duties on U.S. soybeans, planes; markets drop
CORRECTED-UPDATE 3-GM to drop monthly U.S. vehicle sale reports
(This version of the April 3rd story corrects to delete reference to Brazil in second paragraph) A partially assembled Chevrolet 2017 Sonic is seen on the assembly line at GM Orion Assembly plant in Orion, Michigan, U.S., June 13, 2017. REUTERS/Rebecca Cook By Joseph White DETROIT (Reuters) – General Motors Co (GM.N) said on Tuesday… Continue reading CORRECTED-UPDATE 3-GM to drop monthly U.S. vehicle sale reports
The new joint venture of Continental and Osram will enter 500 million annually
Posted 04/04/2018 13: 35: 01CET MUNICH (GERMANY), 4 Apr (EUROPA PRESS) – The manufacturer of components for the Continental car has reached an agreement with the technological company Osram for the creation of a ‘joint venture’ that will combine the experience of both firms in lighting, light control and electronics, and will employ 1,500 employees,… Continue reading The new joint venture of Continental and Osram will enter 500 million annually