Toyota Faces Quality Issues: Cuts Production and Delays New Car Development Falsifying quality-related data to gain certification Reduced operating hours, early retirements, and insufficient inspections Popular cars, other plants also take extraordinary measures to restore production quality and trust Japan's Toyota Motor Corp. will reduce the upper limit on operating hours at its automobile plants in Japan by 30 minutes this year...
Microsoft and OpenAI Considers Investing in Humanoid Robotics The two companies are considering investing up to $100 million together Big tech company Microsoft (MS) and ChatGPT developer OpenAI are in talks to invest in humanoid robot development startup FigureAI...
China's Economy Slows: Manufacturing PMI Contracts for Fourth Straight Month China's manufacturing PMI rose to 49.2, showing signs of recovery, but recession fears remain. Small and medium-sized enterprises are especially struggling, and economic growth targets have been lowered. Deflationary pressures are mounting as prices fall and wages decline...
Chinese Automaker Dongfeng Reveals the eπ 007: A Tesla Rival on a Budget Chinese automaker Dongfeng eπ 007 Dongfeng Motors is a reasonably large automobile company in China. South Korea is well-known for its partnership with Kia, establishing Dongfeng Yueda Kia. Like many large Chinese automakers, Dongfeng has several sub-brands, one of which is the electric vehicle brand eπ. Recently, eπ unveiled a new car named 007. The design […]
Kia's EV9 Nominated as Finalist for Women's Worldwide Car of the Year [TheGuru=Jinwoong Yoon] Kia's flagship dedicated EV model, the EV9, has been named a finalist for the 2024 Women's World Car of the Year (WWCOTY)...
Korea's KAI Achieves Milestone in Boeing A-10 Wing Structure Project Airframe Business Division shipped the 200 units of A-10 wing structure200 units produced within two years of initial delivery The Boeing A-10 wing structure supply project of Korea Aerospace Industries (KAI) is going smoothly. KAI focuses on fulfilling the contract by shipping 200 wing structures worth 330 billion won (approximately $278 million) scheduled to be […]
XREAL's $60 Million Investment Boost: Ready to Challenge Apple's Vision Pro A visitor tries on Xreal's smart glasses 'Air 2 Ultra' at CES 2024 in Las Vegas, Nevada, U.S., on Jan. 10.
The first Lamborghini EV coming in 2028 [iNews24 reporter Song Dae-Sung]Lamborghini's first pure electric car will be launched in 2028.
Trump's 'America First' Policy: A 60% Tariff Threat Looms Over Foreign Cars "I want all kinds of cars to be made in the U.S." Former President Donald Trump (pictured), who is seeking to return to power in November's U.S. presidential election, has been making a series of "America First" pledges...
Lamborghini Aims for 50% CO2 Emission Reduction by 2025, 80% by 2030 Lamborghini announced on January 30, 2024 that it is expanding its decarbonization strategy...
Tesla Continues to Expand Chinese Market Tesla's sales in China continue to grow. Tesla sold 484,507 vehicles in the fourth quarter of 2023, up 19.55% year-over-year, including 39...
US Court Rules Tesla Board Improperly Set Elon Musk's $56 Billion Package 74 trillion won package including wages and stock purchases Court "Board set wages unfairly" Board of directors, including brother, set wages Tesla CEO Elon Musk's wages are expected to be cut...
Chinese EV Giant BYD Expects Nearly 90% Jump in 2023 Net Profit China's BYD has projected strong growth in net profit for 2023 due to record sales of new energy vehicles, Chinese electric vehicle portal cnevpost reported...
Volkswagen's China Gamechanger: Electric Vehicle Sales Soar by 23.2% in 2023 Volkswagen sold 3.24 million new vehicles in China in 2023, up 1.6 percent year-on-year, including 192,800 battery electric vehicles, up 23.2 percent. By model, the ID.3 was the best-selling model with more than 75,700 units...
Tesla's Billion-Dollar Vision: $10 Billion in Capital Expenditure This Year On January 29, 2024, Tesla announced that it will increase its capital expenditure plan to $10 billion this year. This comes on the heels of spending $8.9 billion in 2023...
Malaysia's Ambitious EV Goals: 80% Electric by 2050 Malaysia's battery electric vehicle sales are set to exceed 10,000 units in 2023 for the first time, thanks to government subsidies.
China's Legal Reforms Shake Up Business: What You Need to Know [Reporter Yeo Heon-woo, Energy Economics] As the business environment is rapidly changing due to the overhaul of Chinese laws, Korean companies in the region should familiarize themselves with the changes. On the 24th, the Beijing branch of the Korea International Trade Association jointly organized the '2...
Elon Musk Warns of Chinese Car Dominance in the Global Market Tesla's Elon Musk at last week's earnings call, "Chinese automakers are the most competitive automakers in the world.
2023's Top-Selling Pickup Trucks: American Brands Dominate the Charts Pickup trucks are an up-and-coming automotive market, with the SUV market on the rise. Especially in the United States, pickup trucks are always at the top of the car sales charts. In 2024, domestic companies will also introduce various pickup trucks to capture consumers' attention.
Walmart Offers 6-Figure Salaries to Store Managers: A Game-Changer in Retail? US Walmart pays store managers more than $400,000 a year. Bonuses and stock compensation also increased. Store managers can earn up to $540 million. Store managers are being treated better so they can think and act like owners. Walmart is investing heavily in its employees...
Toyota Faces Quality Issues: Cuts Production and Delays New Car Development Falsifying quality-related data to gain certification Reduced operating hours, early retirements, and insufficient inspections Popular cars, other plants also take extraordinary measures to restore production quality and trust Japan's Toyota Motor Corp. will reduce the upper limit on operating hours at its automobile plants in Japan by 30 minutes this year...
Microsoft and OpenAI Considers Investing in Humanoid Robotics The two companies are considering investing up to $100 million together Big tech company Microsoft (MS) and ChatGPT developer OpenAI are in talks to invest in humanoid robot development startup FigureAI...
China's Economy Slows: Manufacturing PMI Contracts for Fourth Straight Month China's manufacturing PMI rose to 49.2, showing signs of recovery, but recession fears remain. Small and medium-sized enterprises are especially struggling, and economic growth targets have been lowered. Deflationary pressures are mounting as prices fall and wages decline...
Chinese Automaker Dongfeng Reveals the eπ 007: A Tesla Rival on a Budget Chinese automaker Dongfeng eπ 007 Dongfeng Motors is a reasonably large automobile company in China. South Korea is well-known for its partnership with Kia, establishing Dongfeng Yueda Kia. Like many large Chinese automakers, Dongfeng has several sub-brands, one of which is the electric vehicle brand eπ. Recently, eπ unveiled a new car named 007. The design […]
Kia's EV9 Nominated as Finalist for Women's Worldwide Car of the Year [TheGuru=Jinwoong Yoon] Kia's flagship dedicated EV model, the EV9, has been named a finalist for the 2024 Women's World Car of the Year (WWCOTY)...
Korea's KAI Achieves Milestone in Boeing A-10 Wing Structure Project Airframe Business Division shipped the 200 units of A-10 wing structure200 units produced within two years of initial delivery The Boeing A-10 wing structure supply project of Korea Aerospace Industries (KAI) is going smoothly. KAI focuses on fulfilling the contract by shipping 200 wing structures worth 330 billion won (approximately $278 million) scheduled to be […]
XREAL's $60 Million Investment Boost: Ready to Challenge Apple's Vision Pro A visitor tries on Xreal's smart glasses 'Air 2 Ultra' at CES 2024 in Las Vegas, Nevada, U.S., on Jan. 10.
The first Lamborghini EV coming in 2028 [iNews24 reporter Song Dae-Sung]Lamborghini's first pure electric car will be launched in 2028.
Trump's 'America First' Policy: A 60% Tariff Threat Looms Over Foreign Cars "I want all kinds of cars to be made in the U.S." Former President Donald Trump (pictured), who is seeking to return to power in November's U.S. presidential election, has been making a series of "America First" pledges...
Lamborghini Aims for 50% CO2 Emission Reduction by 2025, 80% by 2030 Lamborghini announced on January 30, 2024 that it is expanding its decarbonization strategy...
Tesla Continues to Expand Chinese Market Tesla's sales in China continue to grow. Tesla sold 484,507 vehicles in the fourth quarter of 2023, up 19.55% year-over-year, including 39...
US Court Rules Tesla Board Improperly Set Elon Musk's $56 Billion Package 74 trillion won package including wages and stock purchases Court "Board set wages unfairly" Board of directors, including brother, set wages Tesla CEO Elon Musk's wages are expected to be cut...
Chinese EV Giant BYD Expects Nearly 90% Jump in 2023 Net Profit China's BYD has projected strong growth in net profit for 2023 due to record sales of new energy vehicles, Chinese electric vehicle portal cnevpost reported...
Volkswagen's China Gamechanger: Electric Vehicle Sales Soar by 23.2% in 2023 Volkswagen sold 3.24 million new vehicles in China in 2023, up 1.6 percent year-on-year, including 192,800 battery electric vehicles, up 23.2 percent. By model, the ID.3 was the best-selling model with more than 75,700 units...
Tesla's Billion-Dollar Vision: $10 Billion in Capital Expenditure This Year On January 29, 2024, Tesla announced that it will increase its capital expenditure plan to $10 billion this year. This comes on the heels of spending $8.9 billion in 2023...
Malaysia's Ambitious EV Goals: 80% Electric by 2050 Malaysia's battery electric vehicle sales are set to exceed 10,000 units in 2023 for the first time, thanks to government subsidies.
China's Legal Reforms Shake Up Business: What You Need to Know [Reporter Yeo Heon-woo, Energy Economics] As the business environment is rapidly changing due to the overhaul of Chinese laws, Korean companies in the region should familiarize themselves with the changes. On the 24th, the Beijing branch of the Korea International Trade Association jointly organized the '2...
Elon Musk Warns of Chinese Car Dominance in the Global Market Tesla's Elon Musk at last week's earnings call, "Chinese automakers are the most competitive automakers in the world.
2023's Top-Selling Pickup Trucks: American Brands Dominate the Charts Pickup trucks are an up-and-coming automotive market, with the SUV market on the rise. Especially in the United States, pickup trucks are always at the top of the car sales charts. In 2024, domestic companies will also introduce various pickup trucks to capture consumers' attention.
Walmart Offers 6-Figure Salaries to Store Managers: A Game-Changer in Retail? US Walmart pays store managers more than $400,000 a year. Bonuses and stock compensation also increased. Store managers can earn up to $540 million. Store managers are being treated better so they can think and act like owners. Walmart is investing heavily in its employees...
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