According to the latest sales data released by GWM, the company sold a total of 518,525 new vehicles in the first half of 2022, of which 62,823 vehicles were sold overseas, accounting for 12%. In this, South African markets maintained a leading position in sales. A report released by the National Association of Automobile Manufacturers… Continue reading A New Achievement of Chinese Auto Brands in Overseas Market, GWM’s Overseas Sales reached 1 Million Units
Tag: Strategy
Hyundai casts new Ioniq 6 sedan as a Tesla Model 3 rival
Hyundai unveiled its new Ioniq 6, a sedan that it says will deliver range on par with the Tesla Model 3, issuing a direct challenge to the best-selling battery-electric sedan on the market. The Ioniq 6 — the follow-up to Hyundai’s Ioniq 5 SUV and the second model in its Ioniq EV sub-brand — will… Continue reading Hyundai casts new Ioniq 6 sedan as a Tesla Model 3 rival
Kyndryl to Modernize IT Infrastructure for American Honda Motor Company
NEW YORK, July 14, 2022 /PRNewswire/ — Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, today announced a multi-year agreement with American Honda Motor Company, Inc. (AHM) (NYSE: HMC) that expands Kyndryl’s work to include support of AHM’s infrastructure transformation across its U.S. manufacturing plants, research and development, captive finance, and sales operations. This collaboration… Continue reading Kyndryl to Modernize IT Infrastructure for American Honda Motor Company
Hyundai’s first EV sedan is the futuristic Ioniq 6
While Tesla, Ford and GM all (very publicly) vie for the top spot in the American electric vehicle market, Hyundai has quietly built a powerhouse lineup of EVs that threatens to surpass them all. On Wednesday (Thursday in Korea), Hyundai Motor Group officially unveiled the Ioniq 6, a streamlined sedan that offers an estimated 610km… Continue reading Hyundai’s first EV sedan is the futuristic Ioniq 6
KKR’s first asset-based finance fund raises $2.1b
Global Investment firm KKR & Co Inc on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are increasingly turning to collateral-based cash flows with attractive yields to beat market volatility. KKR‘s Asset-Based Finance Partners fund drew from a diverse group of new and existing investors, including public and corporate pensions, sovereign wealth… Continue reading KKR’s first asset-based finance fund raises $2.1b
Uber sued by 550 women and counting over sexual assaults by drivers
Uber is being sued by 550 women passengers across the U.S. who have alleged they were assaulted by drivers on the platform. The complaint, which was filed in San Francisco County Superior Court on Wednesday by attorneys at Slater Slater Schulman LLP, alleges that passengers were kidnapped, sexually assaulted, sexually battered, raped, falsely imprisoned, stalked,… Continue reading Uber sued by 550 women and counting over sexual assaults by drivers
Nissan Motor (GB) sells 13 West Way sites to dealer groups
Nissan Motor (GB) has sold its 13 West Way sites it owns to a handful of dealer groups. The acquisitions will be completed by the end of August, with 450 West Way employees transferring. The latest results filed at Companies house saw Westway turning in £9.1m pre-tax loss in 2020 on turnover of £285.5m. Yeomans… Continue reading Nissan Motor (GB) sells 13 West Way sites to dealer groups
German Manager Magazin: Volkswagen: VW works council election in Wolfsburg invalid according to court001915
After complaints from some participants, the Braunschweig labor court found deficiencies in the course of the last works council election at the VW main plant in Wolfsburg and declared them invalid for the time being. “The challenge to the election was successful,” said the court on request. From the vote in March was the list… Continue reading German Manager Magazin: Volkswagen: VW works council election in Wolfsburg invalid according to court001915
HAIG PARTNERS SERVES AS EXCLUSIVE ADVISOR ON THE SALE OF FOREST LAKE AUTO GROUP TO MORRIE’S AUTO GROUP
FORT LAUDERDALE, Fla., July 13, 2022 /PRNewswire/ — Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to Minneapolis based Forest Lake Auto Group in its sale to Morrie’s Auto Group. Forest Lake Auto Group consists of Forest Lake Chevrolet… Continue reading HAIG PARTNERS SERVES AS EXCLUSIVE ADVISOR ON THE SALE OF FOREST LAKE AUTO GROUP TO MORRIE’S AUTO GROUP
TVS Supply Chain Solutions appoints Tarun Khanna to its board as Independent Director
Tarun Khanna, Independent Director, TVS Supply Chain Solutions New Delhi: TVS Supply Chain Solutions (TVS SCS), a part of the USD 2billion TVS Mobility Group, announced the appointment of Tarun Khanna as an Independent Director on its Board. This appointment takes the strength of the Board to eleven members, of which four are Independent Directors,… Continue reading TVS Supply Chain Solutions appoints Tarun Khanna to its board as Independent Director