Toyota Group ramping development of fuel-cell vehicle, parts
Jan 24, 2021 21:23 pm UTC| Economy Business
The Toyota Group is ramping efforts in developing hydrogen fuel-cell vehicles and its parts to meet the global demand for eco-friendly cars. Last month, Toyota Motor Corp. released its second-generation hydrogen-powered...
S. Korean excavator makers Doosan, Hyundai expected to sustain China sales
Jan 24, 2021 19:03 pm UTC| Economy Business
Exports of South Koreas two excavator makers Doosan Infracore Co. and Hyundai Construction Equipment rose 19 percent to US$200 million in December from the previous year ago, mainly due to a boom in Chinas construction...
General Motors warns Indian state that blocking its exit could hit future investment
Jan 24, 2021 15:15 pm UTC| Economy Business
American automaker General Motors (GM) warned that the Maharashtra governments move to block it from shutting a plant and exiting India may alarm potential investors. Earlier this week, the state of Maharashtra rejected...
Volkswagen may sue suppliers Bosch and Continental over chip shortages
Jan 24, 2021 14:44 pm UTC| Economy Business
German car manufacturer Volkswagen may sue its suppliers Bosch and Continental for damages due to a lack of semiconductors that shut its assembly lines. Volkswagen is reportedly in talks with alternative semiconductor...
UK advising firms to set up hubs in EU to avoid trade disruption
Jan 24, 2021 14:13 pm UTC| Economy Business
UK is encouraging its firms who are exporting to the EU to set up subsidiaries in the bloc to avoid disruption under new trade rules, even if it means moving investment out of the country. Firms have been hit by extra...
S. Korean's stockholdings in Tesla reach $7.8 billion
Jan 22, 2021 20:18 pm UTC| Economy Business
South Korean investors have collectively acquired $7.8 billion worth of Tesla stocks at the end of 2020, accounting for 16.6 percent of the entire $47 billion foreign currency-denominated stock holdings of Korean...
Volkswagen faces EU fine for missing 2020 emissions targets
Jan 22, 2021 18:04 pm UTC| Economy Business
Volkswagen is facing a fine of over $121 million for narrowly missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet. CEO Herbert Diess blamed the COVID-19 pandemic for its failure to...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects