Rain at the Jacksonville North Carolina racetrack postponed the Coastal Carolina 200 race for a day, but when Sunday afternoon came, Caleb Holman picked up the MAHLE Pole Award in qualifying and then led throughout the entire race to what was an easy victory, his fourth of the 2014 X-1R Pro Cup season.
Cash-rich Hyundai Motor, the largest automaker in South Korea, outbid Samsung Electronics for a piece of prime real estate in Seoul. After becoming the new owner of the property with a record-breaking US$10 billion bid, triple the piece of real estate’s assessed value, Hyundai’s shares took the biggest dive it has had in three years, tumbling by 9.2% last Thursday after the seller, state-run Korea Electric Power (KEPCO), made the announcement; meanwhile, KEPCO’s shares climbed 5.8%.
British sports car manufacturer, Lotus, has announced plans to cut 325 jobs from its global workforce. It doesn’t sound like a very large number, but considering that that is more than a quarter of its global employees, it is certainly a seismic shake-up
Soon, we can just swipe a finger, and our car will skedaddle off and find a parking space for itself.
GM’s Mary Barra teases audience in recent speech.
It looks like the brave new world of autonomous driving has moved a step closer with the announcement by General Motors CEO, Mary Barra, during a recent speech; as of 2017, Cadillac’s will come with the option of Super Cruise Control that will enable cars fitted with it to cruise on the highway without being steered by a driver.
The Peugeot Exalt concept car, which appeared in the Beijing Motor Show last April and set all hearts aflutter, will be appearing in the upcoming Paris Motor Show, with several interesting (and one exciting) updates.