Hyundai Motor working on dedicated platform for electric vehicles -exec

By Hyunjoo Jin YONGIN, South Korea, Mar 30 : South Korea’s Hyundai Motor Co is developing its first dedicated architecture for electric vehicles, an executive told Reuters, preparing a major push into the growing segment by offering multiple models with longer driving ranges. While the platform will not be completed soon, Hyundai Motor and affiliate […]

Venezuela plant to begin assembly of Hyundai cars in 2018

By Deisy Buitrago CARACAS, Mar 24 : A Venezuelan auto assembly plant, MMC, hopes to restart output of Hyundai Motor Co vehicles by 2018 after a five-year halt due to a lack of dollars from the government to import parts, a company executive said in an interview. Vehicle assembly has nearly ground to a halt […]

Trump budget plan would scrap energy grants, auto loan program

By David Shepardson WASHINGTON, Mar 16 : The Trump administration on Thursday proposed eliminating Energy Department loan programs and some research funding for energy efficient technology and electric vehicle development at three carmakers as the industry shifts more of its focus to electric and self-driving vehicles. The White House budget blueprint proposes ending the Advanced […]

Toyota to invest 240 mln pounds to upgrade UK car plant for future output

By Costas Pitas LONDON, Mar 16 : Japanese carmaker Toyota said it plans to invest 240 million pounds ($294 million) to upgrade its car plant in central England for future output, but retaining tariff-free access to EU markets after Brexit remained crucial. The company said it would also move to use more locally sourced components, […]

Volkswagen set to plead guilty Friday in emissions case

By David Shepardson WASHINGTON, Mar 9 : Volkswagen AG is set to plead guilty on Friday to three felony counts in the Justice Department’s diesel emissions investigation, as the German automaker seeks to move past its cheating scandal. As part of a plea agreement with U.S. prosecutors announced in January, the company agreed to sweeping […]