October 21, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    hyundai heavy industries

    Hyundai reportedly discussing concessions with EU regulators

    The world’s biggest shipbuilder Hyundai Heavy Industries Holdings is talking about concessions with EU antitrust regulators to allay concerns regarding its $1.8 billion bid for rival Daewoo, people knowledgeable with the matter said. The deal, in part a reply to overcapacity in the sector, would reinforce the company’s leading position with a 21% market share, […]

    Daewoo Shipbuilding & Marine Engineering logo

    Hyundai’s $1.8 billion deal with Daewoo hits EU antitrust hurdle

    Hyundai Heavy Industries Holdings’ $1.8 billion merger with competitor Daewoo could inflate costs, EU antitrust regulators cautioned on Tuesday as they started a full-scale investigation. Hyundai is looking forward to reinforce its position as the world’s biggest shipbuilder partly in response to overcapacity in the industry. The merged company would be having a 21% market […]


    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.