Car maker Hyundai Motor Co. of the Republic of Korea (RoK) will set up a joint venture with Vietnam’s Thanh Cong group to boost sales in the emerging market, according to Yonhap news agency. The RoK news agency quoted a statement of Hyundai as saying that the company and Thanh Cong Group signed an initial agreement to establish a sales joint venture that will be tasked with selling 100,000 vehicles in Vietnam by 2020. For the whole of 2018, Hyundai's vehicle sales more than doubled to 55,924 units in the key Southeast Asian market compared with a year earlier. It ranked second in the local automobile market with a share of 19.4 percent after Toyota Motor Corp., the statement said. Vietnam's automobile sector jumped 27 percent to 287,949 units last year from 226,120 in the previous year, it said. To help meet the sales goal, Hyundai said it will expand its plant in Vietnam to 100,000 units by 2020 from the current 60,000.-VNA … [Read more...] about Hyundai to set up joint venture in Vietnam to boost sales
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Imported cars boost auto sales in October
Almost 28,900 cars were sold in Vietnam in October, up 21 percent from the previous month, according to the Vietnam Automobile Manufacturers Association (VAMA). Cars on display at the Vietnam Motor Show in Ho Chi Minh City last month (Photo: VNA) VAMA reported on November 13 that the sales included 21,288 passenger cars (up 25 percent), 7,096 commercial vehicles (down 7 percent) and 515 special-purpose vehicles (up 31 percent). While 17,599 domestically assembled cars were sold in October (up 2 percent), the number of imported completely built vehicles sold was 11,300, up 46 percent month on month. Among car brands in Vietnam, Toyota led the market with 8,426 cars sold, followed by Honda (3,475), Mazda (2,920), Kia (2,657) and Ford (2,574). Insiders attributed the surge in sales to businesses’ launch of promotion programmes throughout the Vietnam Motor Show 2018 last month and others to meet their yearly targets. Notably, the sharp rise in imported car sales was also … [Read more...] about Imported cars boost auto sales in October
Teams and match preview: Barnsley v Gillingham
Team news; Barry Fuller starts at right-back for Gillingham today as Steve Lovell makes three changes to his starting eleven.Fuller comes in for Luke O’Neill, who drops to the bench.Callum Reilly and Elliott List are also brought into the eleven for the game at Barnsley.Barnsley boss Daniel Stendel has named an unchanged team.Gillingham: Holy, Fuller, Garmston, Ehmer, Zakuani, Reilly, Bingham, Parker, Hanlan, List, Eaves.Subs: Hadler, O’Neill, Lacey, Wilkinson, Nasseri, Rees, Stevenson.Barnsley: Davies, Cavare, Pinnock, Lindsay, Pinillos, Potts, Dougal, Mowatt, Thiam, Moore, Moncur.Subs: Walton, McGeehan, Isgrove, Jackson, Williams, Adeboyejo, Brown.Preview; It’s been 50 years since the Gills last won a game at Barnsley.They’ve had little to celebrate at Oakwell in recent years, losing on their last five visits.Gillingham’s last win at Barnsley came in August 1968, winning 1-0.Steve Lovell’s men not only have history against them, but they are also … [Read more...] about Teams and match preview: Barnsley v Gillingham
Match preview: Barnsley v Gillingham
It’s been 50 years since the Gills last won a game at Barnsley.They’ve had little to celebrate at Oakwell in recent years, losing on their last five visits.Gillingham’s last win at Barnsley came in August 1968, winning 1-0.Steve Lovell’s men not only have history against them, but they are also up against a team who have made a solid start since relegation from the Championship.Barnsley are unbeaten in their first five games of the League 1 season, returning to Oakwell after successive away games, picking up four points on their travels. The Gills are three games without a win.Head to head; Gills wins: 7 Draws: 9 Barnsley wins: 14League form; Gillingham (DLLWW): Coventry (h) 1-1, Sunderland (h) 1-4, Walsall (a) 1-3, Burton (h) 3-1, Accrington (a) 2-0.Barnsley (DWDWW): Scunthorpe (a) 2-2, Rochdale (a) 4-0, Wimbledon (h) 0-0, Bradford (a) 2-0, Oxford United (h) 4-0.Last time out;Gillingham 1 Coventry City 1 Elliott List came to the rescue for the Gills last … [Read more...] about Match preview: Barnsley v Gillingham
Train car manufacturer Hyundai Rotem to close down South Philadelphia plant
Train car manufacturer Hyundai Rotem will shutter its South Philadelphia plant by the end of August, following adebacle that nearly crippled SEPTAtwo summers ago and ending a 10-year run in the city. The South Korean company will reportedly close the 300,000-square-foot facility at 2400 Weccacoe Ave., which had employed 300 workers in Philadelphia, according to Railway Age. In 2009, Hyundai Rotem entered a contract to build 120 Silverliner V commuter cars for SEPTA. Defects in Silverliners' suspension systems forced SEPTA to remove them from the Regional Rail fleet in the summer of 2016, causing extended delays and service disruptions as the company refurbished them. Hyundai Rotem ultimately blamed the cracks on faulty welds done by a subcontractor based near Pittsburgh. The plant's looming closure is partly driven by SEPTA's $137.5 million contract with Chinese-owned CCRC MA Corporation, whose Massachusetts-based plant will deliver the first of 45 bi-level trains to … [Read more...] about Train car manufacturer Hyundai Rotem to close down South Philadelphia plant