Munoz will retain his role as CEO of Hyundai Motor North America and Hyundai Motor America responsible for operations strategies, growth and performance in North, Central and South America. He has also completed executive management programs from Cranfield School of Management in the UK and INSEAD Business School in France. In a 15-year career at […]
“Mexico will play an important role in our complete setup,” Zipse told Automotive News this month. In comparison, the overall luxury light truck segment grew about 24 percent during that period, according to the Automotive News Research & Data Center. The X3’s U.S factory, BMW’s largest auto assembly plant globally, is in Greer, South Carolina, […]
During its annual media conference last month Skoda teased its new look with a blurred picture of a chunky SUV-styled vehicle, possibly a concept, with a squared-off grille. The new design language will give customers and competitors alike “a real wow moment,” said departing CEO Thomas Schaefer, who is leaving the brand to head the […]
Dacia sales and marketing chief Xavier Martinet said that 80 percent of Spring sales were to private buyers despite the early focus on rental fleets, a percentage that is in line with Dacia overall. With incentives, a base-model Spring costs less than 13,000 euros in France and 11,000 euros in Germany. Couple that to low […]
Lidar, which stands for light detection and ranging, sends pulses of light from a laser, at millions per second, that bounce off objects and return to the sensor. However, lidar is expensive. Audi introduced lidar in its A8 in 2018 as part of a planned Level 3 capability that has so far not been activated. […]
Lidar, which stands for light detection and ranging, sends pulses of light from a laser, at millions per second, that bounce off objects and return to the sensor. However, lidar is expensive. Audi introduced lidar in its A8 in 2018 as part of a planned Level 3 capability that has so far not been activated. […]
One of the largest IPOs to come out of Asia next year, and potentially globally, will be the spinoff of LG Chem’s battery unit LG Energy Solution in South Korea, which could raise about $10 billion. LG Energy Solution resumed the IPO process after reaching an agreement over the General Motors recall of Chevrolet Bolt […]
Emil Frey’s estimated 13 billion euros in revenue from 555,000 new and used vehicle sales last year put it far ahead of second-placed U.S. The pandemic hit group revenue by an average of 10 percent compared with 2019, with the top 10 groups hit hardest, falling 15 percent on average, while smaller groups were less […]
“We don’t want to do it straight away but to give ourselves time and prepare the business. As of November, Bugatti left Volkswagen Group and became a joint venture of Rimac Automobili and VW’s Porsche unit, with the new name Bugatti-Rimac and headquartered in Zagreb. …Read the full story
“If you look at Vulcan’s project development plan, it might be argued to be rather novel. Even investments in conventional lithium projects over the last few years haven’t had an easy run,” analyst Reg Spencer of Canaccord Genuity in Sydney said. He estimates that up to 2024, domestic lithium demand will rise to 9,000 tonnes […]
