25 Articles
Dec 4, 2019 Official
McLaren looks to Asia and hybrid cars as next steps toward IPO

No SUV and no EV, chief executive reiterates in Detroit visit

British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company's chief executive said on Tuesday. "We need to put more cars into Asia," McLaren CEO Mike Flewitt said in a meeting with reporters in Detroit. Sales of McLaren's carbon fibre and aluminium sports cars, which start at about $200,000 in the United States, have fallen in the United Kingdom, its largest market.

Reuters
Dec 4, 2019 Official
Hyundai's $52 billion plan focuses on electric, autonomous vehicles

The Korean automaker's 'Strategy 2025' also covers commercialized flying cars

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver. Shares in Hyundai rose as much as 2% on the news, only to give up most of their gains by the close of trade, with analysts waiting to see how its intentions translate into action. "Its announcement of investment plan and goals is full of good words, but not r

Reuters
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