July 16, 2024

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FTC Approves HD Korea Shipbuilding & Offshore Engineering’s Acquisition of STX Heavy Industries

2 years ago

Key Points The FTC conditionally approved HD KSOE’s acquisition of STX Heavy Industries and KMCS. The acquisition is expected to heighten competition between HD Hyundai and Hanwha in the ship engine market. For three years, the merged entity has been...

Latest July 16, 2024

General Motors Faces Uncertainty in Reaching 2025 EV Production Capacity Goal

by EDITORIAL TEAM

2 years ago

Key Points GM's goal of producing 1 million EVs in North America by 2025 is uncertain. The slower-than-expected adoption of EVs has prompted GM to reassess its targets. Whether the target refers to production capacity or actual production remains. The company monitors consumer demand and adjusts its production plans accordingly. General Motors' (GM) ambitious goal...