Mahindra & Mahindra Ltd., the Indian sports utility vehicle maker better known for its tractors and farm equipment, is betting on electric cars and digital services to revive its fortunes under new chief executive officer Anish Shah.
Leaving its ill-fated mobile business behind, LG Electronics Inc., South Korea’s No. 2 tech firm, will zero in on bolstering promising sectors, like vehicle components, connected devices and artificial intelligence (AI), industry observers said Monday, hoping that the segments will fill the hole left by its money-losing unit.
South Korean units of three foreign carmakers posted a 24 percent on-year drop in their domestic sales in the first quarter of the year, suffering the worst performance since the 2009 financial crisis, industry data showed Monday.
By Lee Min-hyung With SsangYong Motor failing to attract timely investment from U.S. car retailer HAAH Automotive, creditors of the ailing firm ― led by Korea Development Bank (KDB) ― are in a state of growing dilemma over the handling of the cash-strapped automaker on the verge of starting a court-led restructuring.
As Tesla works to get its mammoth new factory in Germany up and running by the summer, disturbing delicate reptile habitats may be the least of Elon Musk’s worries.
Nikkei Asia —The Philippines has formally expressed interest in joining the Trans-Pacific Partnership.
China-based SAIC Motor Corp. acquired a 51 percent stake in SsangYong in 2004 but in 2009 relinquished its control of the carmaker in the wake of the economic downturn.
LAHORE – Indus Motor achieved yet another milestone, celebrating the highest ever production and sales volumes in the month of March 2021.
In 2020, in the context of the pandemic, Romanian companies chose to protect the health of their employees through medical subscriptions and periodic testing.
Kia Corp., South Korea’s second-largest automaker, said Thursday its sales gained 19 percent last month from a year earlier on solid demand for SUVs.