Magna to develop driver-assistance technology with Fisker
Magna CEO Swamy Kotagiri said the driving assistance, or ADAS, system developed with Fisker is “a great base for other opportunities” with other EV customers.
Ford sales boss LaNeve leaving company; Andrew Frick promoted
Mark LaNeve, 61, is leaving to pursue the “next chapter of his professional life” after a nearly six-year tenure during which he forged a close relationship with Ford’s dealers. Frick will oversee sales, customer care and dealer relations for the Ford brand in both Canada and the U.S., effective immediately.
Hyundai, Kia expect global sales rebound in 2021
Their combined target of 7.08 million vehicles comes after the coronavirus pandemic sent sales last year tumbling 12 percent to a decade low of 6.35 million.
Foxconn seals manufacturing deal with EV startup Byton
The companies, aided by the Nanjing Economic and Technological Development Zone, aim to start mass production of the Byton M-Byte by the first quarter of 2022. Foxconn plans to invest around $200 million in the venture.
Hyundai S. Korean plant halts output after fatal accident
Union officials said the worker, a subcontractor, died Sunday at a pressing facility at the Ulsan 1 plant. The factory had just been shut for two weeks to prepare for production of the Ioniq 5 electric vehicle.