Hyundai & Google Collaboration Signals Start of Self-Driving Car Project?

Hyundai Motor Co. is in discussions with Google about further partnerships as South Korea’s largest carmaker seeks external expertise to remain competitive. Hyundai has been among the most aggressive automakers adopting Apple Inc.’s CarPlay and Alphabet Inc.’s Android Auto, which integrate iPhone and Android handsets with car dashboards.   Any potential collaboration between the two companies may be aided by John

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Vietnam’s Automakers Face Challenging Times with Future Trade Agreements

Vietnam’s automobile production was low in Southeast Asia, compared to 1.91 million cars in Thailand, 1.1 million in Indonesia, and 615,000 in Malaysia. 2 main causes of the slow development of Vietnam’s automobile industry: Lack of Parts manufacturers Transport infrastructure. Vietnam has 17 auto assembling companies but it has only 33 supporting industrial companies of level 1 and 181 companies of

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Volkswagen Plans 5 New Electric Models to Kickstart 1 Million EV Target

Volkswagen is planning five new battery-electric models for its VW brand, all of which will have a range of at least 400 km expect to show prototype as soon as next month. VW’s aggressive electric-car plans In a new interview with German business magazine Wirtschaftswoche, VW brand chief Herbert Diess confirmed plans to bring five new electric VWs to market. All will be based

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The Financial Highs & Lows of Automobile Firms in Korea

Korea’s 1,079 automobile companies saw their average operating profit-to-sales ratio stand relatively low at 5 percent. In other words, they gained a profit of 5 won by selling 100 won worth of goods. In addition, one out of the nation’s five auto-related firms has higher than 400-percent debt-to-equity ratio. The Korea 20,000 Corporate Research Institute announced on August 17 that

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Dealership Stopped Selling Cars to Sell Cars

Dishon Putz a dealership general manager got tired of selling cars urges showroom staffers to superior customer treatment and less on  sell vehicles but want customers to buy vehicles” On a wall at the store, Putz posted a sign saying: “If you can’t follow the process, it doesn’t mean you are a bad person. You just can’t work here.” Oh, he liked the dealership business

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Ford Is Steering towards Autonomous Car Sharing & Ride Hailing Services in 5 Years

Ford aims to do more than make and sell cars. The next 5 years plan to tap into the $5.4 trillion market for car-sharing services and ride-hailing services with Level 5 Autonomous Vehicles that are unrelated to conventional car ownership. Ford plans to make self-driving cars for commercial ride-sharing or on-demand taxi services by 2021, a target the automaker says it will reach

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Volvo Cars & Retailers Finalize Stake in Volvofinans Bank

Volvofinans Bank  acquisition by Volvo Car Corp and AB Volverkinvest Swedish authorized retailers plays vital role provide financial services to customers in car ownership Volvo Car Corporation (“Volvo Cars”) and the sixth AP Fund signed an agreement on December 28th 2015  to acquire the Fund’s 40% stake in Volvofinans Bank AB (“Volvofinans”), the leading bank in Sweden in car financing. With

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Pokemon Go Worsen Traffic Congestion for Metro Manila

Pokemon Go trainers hit the streets to track down lures not walking but riding or driving aggravates the traffic congestions of Manila. A congressman has blamed Pokemon Go players for worsening the already horrendous traffic situation in Metro Manila. In a statement on Tuesday, Albay Rep. Joey Salceda lamented the blame placed on provincial buses for the heavy vehicular traffic in

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Dealer Group Online Sales Exceed Expectation

ATLANTA — Asbury Automotive Group Inc. is trying a low-cost approach to selling vehicles online. It has worked so well in the venture’s early months that executives are spreading it to more stores. In March, Asbury, the nation’s seventh-largest dealership group, began experimenting with online selling software supplied by San Francisco startup Drive Motors. The software was being used in

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Autonomous-Car Sensor Maker Velodyne Receives $150 Million Investment

The $150 million investment will allow Velodyne to expand development and drive down cost LiDAR sensors Ford Motor Co. and Chinese web-service provider Baidu Inc. are leading a $150 million investment in laser-sensor maker Velodyne Inc., the latest in a series of bets being placed by car makers and tech companies to advance autonomous-driving technology. The investment will allow the California-based Velodyne to expand

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