South Korea’s antitrust chief on Thursday stated U.S. activist fund Elliott Management’s proposal for Hyundai Motor Group to embrace a holding company structure was “inappropriate” and, if applied, would be
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General Motors has planned to provide $3.6 billion in fresh funding to its struggling South Korean unit, more than its earlier proposed $2.3 billion as part of a preliminary deal,
German automaker BMW expects the pace of growth of its China sales to nearly halve this year, the firm’s chief executive stated on Wednesday, amid a broader slowdown in the
German luxury automaker Audi AG is looking to double China production with regional partner China FAW Group under five years, its chief executive stated on Wednesday, as worldwide automakers seek
Guangzhou Automobile Group Co Ltd (GAC) on Wednesday stated a brewing trade war between China and the United States could damage the Chinese automaker’s strategies to enter into the U.S.
Volkswagen AG’s luxury unit Audi stated on Tuesday that it was recalling 1.16 million vehicles globally due to concerns that an electric coolant pump could overheat or short-circuit due to
Volkswagen trumpeted a good start to this year at the Beijing auto show on Tuesday and described spending plans for electric vehicle and autonomous driving ventures in the country. The
PSA Group posted a 42 percent boost in first-quarter revenue, raised by its acquisition of Opel-Vauxhall. Group revenue increased to 18.18 billion euros ($22.2 billion), the parent of Peugeot and
U.S. activist hedge fund Elliott Management rejected Hyundai Motor Group’s restructuring plan as insufficient on Monday and called on the South Korean conglomerate to embrace a holding company plan and
Hyundai Motor stated it would keep communicating with shareholders and investors, including Elliott Management, regarding its proposed restructuring plan. “Hyundai Motor Group will keep communicating with shareholders and investors across
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