With the entry of Europe’s largest carmaker in the United States, the electric vehicle segment in the country is set to heat up. In a strategic development, Scott Keogh, the newly appointed CEO of Volkswagen Group of America stated, Volkswagen… Read More ›
U.S. President Donald Trump has threatened to impose tariffs on cars imported to the U.S. In a strategic development, BMW stated, it is considering to build a second U.S. manufacturing plant which could produce transmissions and engines, said Harald Krueger,… Read More ›
The move is aimed at tapping the growing Chinese demand for New Energy Vehicle (NEV). In what is possibly the first venture for Volkswagen AG’s partnership with SAIC Motor Corp Ltd, a Chinese company, the joint venture is on track… Read More ›
The agreement, which took 2 weeks to negotiate averted a potential strike at one of its biggest plant in Mexico’s central city of Puebla. On Monday, EU’s biggest carmaker Volkswagen AG stated, it has agreed to a 5.5% increase in… Read More ›
Toyota aims to produce 2 million vehicles a year by early 2020s, which is a jump of more than 50% its current capacity. As per a source from Toyota Motor Corp, the Japanese carmaker will boost production capacity at its… Read More ›
In a nerve-wrecking moment, literally at the very last hour, GM signs a preliminary deal with the union. Investment plan of $2.8 billion looks promising now. On Wednesday, a senior government source with direct knowledge of the matter stated, South… Read More ›
As per state-funded Korea Development Bank, General Motors is cooperating with its due diligence efforts and more documents more are streaming in. On Thursday, South Korea stated it expects to complete its due diligence on General Motors Co’s local subsidiary… Read More ›
The financial support of up to $37 million to small and medium sized companies who are affected by on of GM’s Korea’s plant, could be extended to more depending on the overall impact the closure will have on these companies… Read More ›
While GM will shutter its plant at Gunsan by May 2018, it has yet to disclose on the fate of the remaining 3 plants in the country. As part of its voluntary redundancy plan, the South Korean unit of General… Read More ›
Given the U.S Administration’s leaning on fossil fuel Exxon it would not be surprising if Exxon were to go ahead with this capacity expansion. A spokeswoman for ExxonMobil Corp has stated the oil giant is weighing its options whether to… Read More ›
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