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Hyundai Motor executives to sell $1.25 billion stake in logistics affiliate: source
2015-01-12 13:37:04| Automakers - Topix.net
Hyundai Motor Co's chairman and vice chairman are seeking to raise about $1.25 billion by selling shares of Hyundai Glovis, a person familiar with the matter said, a move that could smooth succession in the family-owned conglomerate. The sale could help vice chairman and heir apparent Chung Eui-sun buy stakes in key units such as Hyundai Motor, Kia Motors Corp and Hyundai Mobis Co Ltd, without subjecting Hyundai Glovis to antitrust regulations governing inter-affiliate transactions, company watchers said.
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Source: GM plans 200-mile electric car in 2017
2015-01-11 02:10:35| Automakers - Topix.net
General Motors plans to start selling an affordable electric car in 2017 that will be able to go 200 miles on a single charge. A person briefed on the matter told The Associated Press that GM plans to start selling a $30,000 battery powered family car called the Chevrolet Bolt sometime in 2017.
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car
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Coach nearing deal to buy Stuart Weitzman -source
2015-01-06 08:15:54| Footwear - Topix.net
Accessories retailer Coach Inc is nearing a deal to buy privately held women's luxury shoe company Stuart Weitzman Holdings LLC for about $600 million, according to a person familiar with the matter. New York-based Coach, known for its Poppy handbags, has struggled to keep up with its fast-growing affordable luxury competitors, particularly Kate Spade & Co and Michael Kors Holdings Ltd, whose handbags are rapidly gaining popularity in North America.
Matchstick launches Flint open source streaming platform
2015-01-05 21:00:03| Digital TV News
Matchstick has announced Flint, an open software and open hardware video-streaming platform created with Mozillas Firefox OS inside. In addition, the company has announced hardware partnerships with both Phillips/AOC and TCL to distribute Flint enabled products.
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Tsinghua team uses optical diagnostics to analyze source of sporadic super-knock in advanced SI engines
2015-01-04 14:55:25| Green Car Congress
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