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US carmaker writes to group’s owner seeking full transparency regarding allegations of personal misconduct
...“I respected the integrity of the independent investigation and fully co-operated with it every step of the way,” he said....
...Chery UK head Victor Zhang said the company was aiming to rival South Korean mass market carmakers Hyundai and Kia, which first entered the British market in the early 1980s and early 1990s, respectively...
...“If they are successful, that will send a strong signal both to Korean companies and to foreign investors that it is possible for them to co-operate.” Additional reporting by Andy Lin in Hong Kong...
...The European boss of Hyundai, Michael Cole, said the South Korean carmaker had to “sharpen our act” to compete with a wave of low-cost Chinese electric cars that were coming to Europe....
...Apart from the latest investment pledges by the two Chinese automakers, South Korea’s Hyundai Motor began full-scale production at an Indonesian factory in March 2022....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...Nissan and Honda began talks in January, and the scope of their co-operation includes software, core EV components and auto-intelligence technology....
...Employees have started publicly campaigning to join the UAW at two plants in Alabama owned by Mercedes-Benz and Hyundai....
...“Korea lacks auto software engineers and Hyundai is weak in that field, so it is expanding co-operation with foreign tech companies....
...The alliance also includes smaller partner Mitsubishi Motors....
...Korean carmakers Hyundai and Kia have benefited from the trend, say dealers and industry analysts....
...During the FT conference, senior executives from Nissan, Peugeot, Volkswagen and Hyundai have all flagged the higher competition posed by Chinese carmakers with their advanced technology, especially in batteries...
...Sung added that SK On stood to benefit from the rapid US growth of South Korean carmaker Hyundai, which together with sister brand Kia has overtaken Ford and General Motors to claim second place in US electric...
Japanese carmaker has fallen behind in electric vehicle race and lacks scale needed to compete globally
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
...BYD wants to overtake the top-selling models in the Indonesian market last year, which included the Hyundai Ioniq 5, and the Air EV from China’s Wuling Motors....
Chinese EV giant is widening its range by price point and fuel type
...In 2003, the Chinese company acquired Hyundai Display Technology, then a subsidiary of the Korean SK Group conglomerate....
...He has said that he fully co-operated with the investigation. Additional reporting by Peter Campbell...
...Earlier this month, Hyundai Motor terminated an aluminium supply agreement with Indonesia’s Adaro Minerals following a campaign by a climate group backed by K-pop fans that called on the Korean automaker...
...But Gaynor noted that data from the Society of the Irish Motor Industry showed that Irish drivers favour midsized SUVs, nearly 60 per cent of which are hybrid or fully electric....
Company puts its pedal to the metal despite slowing EV demand
...More than 600 miles from Bremen, hours after the BYD ship docked, Renault boss Luca de Meo used the Geneva Motor Show to unveil a series of cars he believes will help the French manufacturer hold its ground...
...The manufacturing subsidies the carmaker receives from China are “very limited”, Shu told the Financial Times in an interview at the Geneva Motor Show....
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