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S. Korea to Beef Up Punitive Damages Against Carmakers

S. Korea to Beef Up Punitive Damages Against Carmakers

SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s government and ruling party lawmakers are pushing for a bill that would strengthen punitive damages against carmakers amid lingering public safety concern about BMW cars, officials said Monday. Youn Kwan-suk, a lawmaker of the ruling Democratic Party and a member of the parliamentary committee on Land, Infrastructure [...]

Hyundai Mobis to Make Inroads into Automotive Digital Instrument Cluster Market

Hyundai Mobis to Make Inroads into Automotive Digital Instrument Cluster Market

SEOUL, May 9 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Wednesday it aims to make inroads into the global automotive digital instrument cluster market to generate future growth. Hyundai Mobis, the auto component affiliate of Hyundai Motor Group, said it began production of 7-inch digital instrument clusters [...]

NovAtel® Demonstrates Precise Positioning Using the Teseo APP and Teseo V Automotive GNSS Chipsets from STMicroelectronics

NovAtel® Demonstrates Precise Positioning Using the Teseo APP and Teseo V Automotive GNSS Chipsets from STMicroelectronics

Calgary, Canada, Mar. 6 (Korea Bizwire) — NovAtel, part of Hexagon’s Positioning Intelligence Division, has integrated its high-precision positioning engine and correction services with the world’s first automotive-grade multi-frequency GNSS chipsets, the STMicroelectronics Teseo APP (Automotive Precise Positioning) and Teseo V. The integration demonstrates future possibilities with regard to vehicle localization solutions. STMicroelectronics’s Teseo APP [...]

Covisint Extends Relationship with Ford Motor Company

Covisint Extends Relationship with Ford Motor Company

DETROIT, May 31 (Korea Bizwire) — Covisint Corporation (Nasdaq:COVS) today announced that it has extended its relationship with Ford Motor Company (“Ford”).  With this extension, Ford will continue to leverage the Covisint B2B Automotive Exchange. The Covisint B2B Automotive Exchange currently provides global access to information and applications for more than 615,000 supplier users across [...]