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The American car manufacturer General Motors intends to begin production of electric cars under the legendary brand Hummer, Bloomberg reports. Thus, the once famous and very popular brand will reappear in the global automotive markets. It is planned that pickups will be produced under this brand. Specialists at General Motors are currently working on a list of models of electric SUVs and pickups. The list is created to implement the company's plan, calculated up to 2023 and involving the release of 20 different electric cars. The list will include cars, crossovers of small and middle classes, as well as “green” SUVs.
Germany’s second-biggest bank, Commerzbank (CBKG.DE), said on Tuesday that the U.S. activist investor Cerberus Capital Management wants them to slash more than 7,000 jobs as a part of its strategic plan to reduce the company’s ...
General Electric’s (GE.N) aviation unit revealed plans on Monday to slash its workforce by 25% or roughly 13,000 jobs this 2020. It includes voluntary and forced layoffs due to delayed reduction plans for aircraft amid the virus outbreak. “The ...
General Motors GM.N directed suppliers to halt preparations on Monday for the updates of SUVs and other future models for the next year 2021 because of the coronavirus pandemic. General Motors urged its suppliers to delay their planned launch ...
PepsiCo agrees to buy Chinese snack brand Be & Cheery for $705 million PepsiCo Inc has agreed to buy the China-based snack brand Be & Cheery from Haoxiangni Health Food Co Ltd for $705 million, according to the companies. Haoxiangni ...
Kia Motors to suspend South Korean production plants as auto parts supplies dwindle Kia Motors has said that it would be suspending production at its three car manufacturing plants in South Korea due to a dwindling supply of auto parts, according ...
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