Automobile Business

Park Byung-kyu once led Kia Motor’s union in the city of Gwangju, fighting for labor protections against the powerful, family-run chaebol that dominated the economy during South Korea’s rapid industrialization. But about 20 years ago, Park was assaulted by unionized workers wielding steel clubs after he campaigned for the rights of temporary workers at another
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Getty Images Volkswagen Group CEO Martin Winterkorn arrives for the Volkswagen annual general shareholders’ meeting on May 5, 2015 in Hanover, Germany. Prosecutors in the German city of Braunschweig said on Monday they were pressing criminal charges against former Volkswagen Chief Executive Martin Winterkorn in connection with the carmaker’s manipulation of diesel emissions testing. Four
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The Federal Aviation Administration‘s cozy relationship with Boeing may not change, despite criticism from Congress over the company’s role in certifying the safety of its planes following two crashes since October that claimed 346 lives. “I think the relationship with the FAA and Boeing in regards to delegating some of their certification authority is going
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Tesla disputed a report that the carmaker and its partner Panasonic have paused expansion of the Gigafactory 1 manufacturing facility. The Nikkei Asian Review reported Thursday that Panasonic and Tesla are reconsidering plans to increase the factory’s capacity 50 percent by 2020, as investors increasingly worry about possibly weakening demand for Tesla cars. Tesla shares
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Ford Mobility group’s president, Marcy Klevorn, will retire in October. Klevorn has overseen Ford’s investments in new businesses outside selling cars, such as shuttle services, scooters and self-driving cars. Until she leaves, she will act as chief transformation officer, the company said. The second-largest U.S. automaker has been undertaking a massive restructuring of its businesses
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Damodaran said: “I’d take Lyft over Uber because Uber wants to be all things to all people. You’d think they’d learn from their mistakes. They tried in China and had to back out of China. I think being less ambitious in this business, until you figured out a business model, is better.” Lyft’s IPO kicked
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Hironaka told the briefing that prosecutors were acting in a “cruel way” and putting him under intense physical and mental pressure to get a confession. Prosecutors were not immediately available for comment. Hironaka has previously criticised the move by prosecutors to confiscate Ghosn’s belongings, including his mobile phone and trial documents, along with the mobile
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Booming growth in China’s electric vehicle (EV) market won’t slow because of Beijing’s drastic reduction in subsidies, according to Fitch Ratings. Electric car sales in China jumped almost 62% in 2018 to 1.3 million vehicles, according to China’s Association of Automobile Manufacturers. The same organization sees electric vehicle sales hitting 1.6 million this year. But
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