The automaker’s fifth plant in China comes at a time when the market is down, and its already hefty outlay for a new headquarters is expected to increase by at least $1.5 billion. Both investments have analysts worried.
Robust demand and ratcheted-up sales projections for the Tivoli may prove to be a two-edged sword for Ssangyong as the low-volume automaker heads into traditionally contentious contract talks with its workers union.
Park Geun-hye’s Hyundai connection goes back to her first day in office, when she became the first Korean president to use a Korean car – a stretched Equus – as the official inauguration vehicle. Her predecessors rode in foreign-made limousines.
GM Korea chief Sergio Rocha says James Kim will be responsible for managing all operations, including production, quality control, parts sourcing and labor relations. Rocha will continue handling other executive responsibilities, including strategic development and implementation of sales, marketing and service programs.
Incentives for 3,090 EVs are available this year. When added to the 3,014 EVs registered nationwide at the end of 2014, plus the 10,000 proposed new incentives, the government calculates more than 16,000 EVs will be on Korean roads by the end of 2016.
Hyundai Vice Chairman Chung Eui-sun said at the Cangzhou plant’s groundbreaking only that it would help increase the Beijing Hyundai Motor joint venture’s sales. He could not publicly say it was a plant Hyundai did not want to build.
Nissan’s VQ V-6, lauded since it came to the U.S. in 1994, has been heavily revised for the all-new Maxima sedan arriving now in showrooms. The automaker calls the VQ all-new as well, but many of the key specs carry over....More
CEO Mark Fields tells reporters at Ford’s new Silicon Valley R&D facility that an autonomous vehicle or driverless car will fit within the company's century-old tradition of offering affordable transportation....More
Regulators are granting Volvo, Mitsubishi, Mazda, JLR and Subaru an added hybrid option and a later compliance date of Jan. 1, 2018, by which time each company will be expected to have an approved pure ZEV or hybrid transitional ZEV on the market....More
Some 55% of fatal accidents in the U.S. are caused by a vehicle leaving its lane and striking an object, pedestrian or another vehicle. Continental’s Road Departure Protection system is meant to prevent those collisions....More