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...“The Alabama model for economic success is under attack,” wrote Alabama governor Kay Ivey on the state commerce department’s blog in January, calling car manufacturing one of Alabama’s “crown jewel industries...
...Hyundai Motors share price rose after announcing its fourth quarter results on Thursday, despite missing operating profit estimates....
...manufacturing and sourcing materials....
...Hyundai Motor sold its vehicle plant in Chongqing late last year for Rmb1.62bn ($225mn) to downsize its struggling China operations, the South Korean carmaker said on Wednesday....
...The announcement follows a string of major funding promises by car manufacturers in Brazil this year, including Volkswagen, General Motors and Hyundai....
...Hyundai, which makes cars in China as part of a joint venture with state-backed BAIC Motor, declined to comment on its China business....
...Hyundai Motor Group, which owns the Hyundai, Kia and Genesis brands, also has the fourth-largest share of the overall US car market, behind Toyota, Ford and GM, according to sales data from S&P Global....
...Corporate earnings: Indonesia’s Bank Central Asia, South Korea’s SK Hynix, Hyundai Motor and Naver, and India’s Maruti Suzuki publish results....
...Hyundai added that during its Alabama site’s 18 years of operation “our team members have not shown an interest in union representation.” Volkswagen and Subaru declined to comment....
...Southern lawmakers lured foreign automakers’ US manufacturing operations to states including Tennessee and Alabama with generous tax breaks and promises that they are inhospitable to unions that typically...
...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...
...A vote is scheduled this month at Volkswagen’s factory in Chattanooga, Tennessee and the UAW has begun publicly campaigning at two plants in Alabama owned by Mercedes-Benz and Hyundai....
...Carmakers such as Hyundai have poured billions into new facilities because of the act, while VW slowed plans for an eastern European battery plant to focus on North American investments....
...The first seven proposals submitted recently by the private sector include bids from consortiums led by state-owned China Railway Construction; South Korea’s Hyundai Rotem, a Hyundai Motor unit focused on...
...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...
...People close to Sony suggest the project is aimed at gaining manufacturing knowhow of cars, which could then help Sony to sell its automotive image sensors to Tesla and other EV groups....
...Volkswagen has become the latest foreign carmaker to raise wages for US workers following significant pay gains won by the United Auto Workers in a six-week strike against Ford, General Motors and Stellantis...
...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....
...The Japanese government figures had tried to bring Nissan and Honda together for merger talks at the end of 2019, amid fears that Japan’s vast car manufacturing base was losing its edge as the shift towards...
...And at the same solid-state factory tour, Nissan also showcased how it would employ gigacasting — a manufacturing technique pioneered by Tesla that uses casting machines to force molten metal into moulds...
...Nissan plans to slash the cost of manufacturing its electric vehicles by 30 per cent through new partnerships and manufacturing methods, as the Japanese carmaker responds to the rising threat from Chinese...
...The government of Prime Minister Narendra Modi, who is seeking re-election to a third five-year term this spring, has been trying to create jobs in manufacturing, including of EVs, an area in which India...
...Multinational carmakers have given a firm vote of confidence in Brazil in 2024, with significant funding also confirmed in recent weeks by Volkswagen, Toyota, Hyundai and General Motors, together totalling...
...Hyundai Motors on Wednesday raised its full-year earnings forecast after reporting a 42 per cent growth in second-quarter operating profit on robust sales of electric vehicles....
...Ministers have pledged hundreds of millions of pounds of state support to international carmakers in recent years for an array of projects, including a battery gigafactory for JLR and new electric models...
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