Korea, Republic of

Hyundai invests in CODE42 for mobility solution development

Korea Herald | Apr 15, 2019 at 5:39 AM
  • Hyundai Motor has invested in CODE42.ai, a local startup founded by a former chief technology officer for Naver, to strengthen their partnership by developing an open platform for the new mobility-as-a-service market.
  • Hyundai Motor Executive Vice Chairman Chung Eui-sun (right) shakes hand with Song Chang-hyun, CEO and founder of CODE42, at a meeting in Seoul.

United States

Volkswagen pushes battery partners to build Gigafactories

Reuters | Apr 15, 2019 at 3:36 AM
  • Volkswagen is pushing its joint venture partners including SK Innovation (SKI) to build electric car battery plants which have at least one Gigawatt manufacturing capacity, Chief Executive Herbert Diess told Reuters.
  • SKI will supply lithium-ion battery cells for an electric car that Volkswagen plans to start making in Chattanooga in 2022.
  • LG Chem, Samsung and SKI on will also supply battery cells for Volkswagen in Europe.

Korea, Republic of

[News Focus] Automakers in dilemma over falling exports, pressure for job protection

Korea Herald | Apr 15, 2019 at 2:46 AM
  • Amid a rising tide of trade protectionism, Korean carmakers are facing a dilemma between producing abroad or at home, where labor agreements force them to maintain staffing levels at high wages.
  • Hyundai Motor vehicle await shipment at a port near the company`s Ulsan plant.
  • The declining number of workers at plants in South Korea and anticipated new labor-management agreements have raised the possibility of the carmaker gradually leaving its home ground and expanding its overseas production in emerging markets of India, Latin America and Southeast Asia.

China

Authorities probe Mercedes-Benz brouhaha

China Economic Net | Apr 15, 2019 at 12:00 AM
  • The market regulatory authority in Xi’an, Shaanxi province, has urged a local Mercedes-Benz dealer to give a customer a refund after she claimed the new car’s engine was defective on the day she bought it.
  • The market regulatory administration in Xi’an’s Gaoxin district-where the company is located-also urged the company on the same day to handle the complaint according to the law.
  • The woman’s eight requests on Saturday included demands for an investigation into the history of the car, an independent inspection of the vehicle, a formal apology from the Mercedes-Benz company and compensation for her psychological damage.

China

Enabler of digital transformation

China Daily (Europe) | Apr 15, 2019 at 12:00 AM
  • From aircraft units, car parts to musical instruments, 3D printing technology is pushing the limits of what can be made out of materials.
  • Stratasys provides technologies that are used to create prototype, manufacturing tools and production parts for industries from aerospace, automotive, healthcare to consumer products.
  • China’s 3D printing industry is expected to reach $7.68 billion in output value, or one-third of the global market by 2020.

China

Enabler of digital transformation

China Daily (Europe) | Apr 15, 2019 at 12:00 AM
  • From aircraft units, car parts to musical instruments, 3D printing technology is pushing the limits of what can be made out of materials.
  • Stratasys provides technologies that are used to create prototype, manufacturing tools and production parts for industries from aerospace, automotive, healthcare to consumer products.
  • China’s 3D printing industry is expected to reach $7.68 billion in output value, or one-third of the global market by 2020.

United States

How Volvo Enhances Customers’ Experience Through The Connected Car

Forbes | Apr 15, 2019 at 12:00 AM
  • Atif Rafiq brings experience at AOL, Yahoo!, and Amazon, as well as time spent as the first ever chief digital officer of McDonald’s to his current post as CDO and Global CIO of Volvo Cars. He has assembled an ecosystem of partners and a top team to redefine customer experience in the automobile.

Germany

Ex-VW boss Martin Winterkorn charged in Dieselgate scandal 15.04.2019

Deutsche Welle | Apr 15, 2019 at 12:00 AM
  • Public prosecutors in the German city of Braunschweig have brought charges against former Volkswagen CEO Martin Winterkorn over his role in the Dieselgate scandal, they said on Monday.
  • Winterkorn stepped down as Volkswagen CEO in 2015 after revelations that the carmaker had programmed computers in its vehicles to detect when they were being tested and alter the running of diesel engines to conceal the true level of emissions.
  • The VW CEO did not comment on Winterkorn’s charges, instead focusing on the future of VW, in particular its ID ROOMZ, a planned new SUV which it presented in Shanghai on Sunday.

China

Electric startup creates a buzz with first model revealed

China Daily (Europe) | Apr 15, 2019 at 12:00 AM
  • Jinkang Seres, a subsidiary of Sokon Group, unveiled its first model last week in Southwest China’s Chongqing.
  • Besides the electric version, Jinkang Seres also presented a range-extender version.
  • It is working with a number of leading companies including Alibaba, Nvidia and Huawei in terms of research and development.