SEOUL, June 19 (Yonhap) — Hyundai Motor Co.’s union said Tuesday it will take legal action if the company signs a contract to invest in a local car-manufacturing joint venture proposed by a municipal government. Hyundai Motor originally planned to sign an agreement with the Gwangju city government on Tuesday to become the second-largest shareholder… Continue reading Hyundai union threatens to take legal action if company signs up for car JV
Tag: M and A
RCI BANK AND SERVICES ACQUIRES AN 75% MAJORITY INTEREST IN iCABBI
On June 8, 2018, RCI Bank and Services acquired a 75% majority interest in iCabbi, a dispatch management company for automotive fleets of taxis and PHVs that is currently reporting the highest growth rate on the market.
Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Forming two Joint Ventures with Beijing Electric Vehicle Co.Facility can support up to 180,000 annual vehicle capacityJV is capable of supporting the needs of additional customersSHANGHAI, China, June 18, 2018 (GLOBE NEWSWIRE) — Magna today announced its intention to form two new joint ventures with Beijing Electric Vehicle Co. Ltd (BJEV) for complete vehicle manufacturing… Continue reading Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
UPS is buying a fleet of 1,000 electric vans from Workhorse
Parcel delivery companies are all starting to look at electric vehicles to reduce their operating costs and their impact on air pollution. UPS is arguably leading the way on that front as it orders a fleet of 1,000 electric vans from Workhorse as it latest electrification effort. Home Solar Power I say latest electrification effort… Continue reading UPS is buying a fleet of 1,000 electric vans from Workhorse
Bill Ford Jr. interview: The complete transcript
And as I was driving back and forth to The Factory, a couple of things struck me. One was how quick the trip was down Michigan Avenue from Dearborn. But also, I’d always had this vision that we would build the future of Ford Motor Co., particularly as it pertained to autonomy, we needed to… Continue reading Bill Ford Jr. interview: The complete transcript
The BMW Group and CRITICAL Software are expanding their cooperation
Munich. Following successful collaboration in the past, the BMW Group and CRITICAL Software are now planning a strategic expansion of their cooperation. The two companies have reached an agreement to form a joint venture entitled Critical TechWorks, subject to examination of and approval from the relevant competition authorities. By creating this joint venture, the BMW… Continue reading The BMW Group and CRITICAL Software are expanding their cooperation
Press Release – Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Please click HERE for a PDF version of the release. Forming two Joint Ventures with Beijing Electric Vehicle Co. Facility can support up to 180,000 annual vehicle capacity JV is capable of supporting the needs of additional customers SHANGHAI, China, June 18, 2018 — Magna today announced its intention to form two new joint ventures… Continue reading Press Release – Magna to Jointly Engineer and Build Premium Electric Vehicles for Customers in China
Startin Group opens first Suzuki franchise following acquisition of Hylton-owned St Peters
Startin Group has opened its first Suzuki franchise following its acquisition of the Hylton Group-owned St Peters Suzuki in Worcester.
Bill Ford on CEO Hackett: ‘I love having him here’
CLOSE Bill Ford talks Detroit, last name Ford vs Forde Eric Seals, Detroit Free Press Buy Photo Jim Hackett, President and Chief Executive Officer of Ford Motor Company, with Bill Ford Jr. during the North American International Auto Show in Detroit in January 2018. (Photo: Mandi Wright, Detroit Free Press)Buy Photo Ford CEO Jim Hackett… Continue reading Bill Ford on CEO Hackett: ‘I love having him here’
Nissan to use ultrastrong, high-formability steel in more new vehicles
World-first innovation can help lower emissions and improve performance by reducing vehicle weight YOKOHAMA, Japan (June 18, 2018) – Nissan Motor Co., Ltd. will build more models using a new type of steel that combines high tensile strength with a previously unachievable degree of formability, resulting in lighter vehicles that can help lower emissions while… Continue reading Nissan to use ultrastrong, high-formability steel in more new vehicles