Published 5:00 am, Friday, May 4, 2018 Photo: Marie D. De Jesus, Houston Chronicle / Houston Chronicle Image 1of/1 CaptionClose Image 1 of 1 Matt McCarroll, is founder, President and CEO of Fieldwood Energy LLC, the largest operator on the Gulf of Mexico Shelf. The company recently emerged from bankruptcy protection. Thursday, April 19, 2018, in Houston. ( Marie D. De Jesus / Houston Chronicle ) less Matt McCarroll, is founder, President and CEO of Fieldwood Energy LLC, the largest operator on the Gulf of Mexico Shelf. The company recently emerged from bankruptcy protection. Thursday, April 19, 2018, in ... more Photo: Marie D. De Jesus, Houston Chronicle / Houston Chronicle What does future hold for the offshore sector? 1 / 1 Back to Gallery What does the future hold for offshore drilling? Matt McCarroll, CEO of … [Read more...] about What does future hold for the offshore sector?
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Sohee Kim, Bloomberg News Published 12:47 p.m. ET April 12, 2018 After 16 years and billions of dollars in investments, General Motors Co. faces a decision in South Korea: stay or leave. GM international chief Barry Engle plans to meet South Korean officials this week in a last-ditch effort to salvage a deal for the local unit. Hit by union tensions, shifting customer tastes and mounting losses, GM Korea has an April 20 deadline to submit a turnaround proposal to the government. The unit is seeking concessions from unions as a condition to its plan – and has threatened to file for bankruptcy if it doesn’t get what it wants. Chief Executive Officer Mary Barra had no qualms about leaving Europe, India and Russia and has said South Korea gets no special treatment as the carmaker sharpens its focus on profitability. An exit would mean GM ceding one of its major production bases, leaving the company increasingly relying on China for the future of its Asian business. … [Read more...] about GM questions future in South Korea
It now seems as though tech firms, car makers, and governments are hell-bent on trying to get you out of the driver's seat and become, if they could have their way, only slightly involved in the business of driving. And we, given our general affinity towards laziness and instant gratification, seem to be loving this idea. The positives of the autonomous driving technologies that will help us make this shift are quite clear. Jaguar for its autonomous ride-hailing service What is an autonomous car? In the simplest terms, an autonomous car is one which can perceive its surroundings, determine what will happen next in these surroundings, and take appropriate action. All this with, ideally, no input from the driver. How will autonomous cars help? This technology has the potential to improve driver convenience, reduce fatalities, decongest roads and improve traffic flow, and eventually bring down the number of cars on the road through initiatives like ridesharing and subscription-based … [Read more...] about Everything you needed to know about autonomous driving
The Netherlands-based Chassis Brakes International (CBI), one of the world’s top three manufacturers of automotive braking solutions, with operations in four continents, is bullish about its growth in India. Represented in India as Foundation Brakes Manufacturing (FBM), its subsidiary, it is primarily engaged in manufacturing foundation brakes and associated components for two-, three- and four-wheelers.Now, the company, riding on the back of market growth and new business generation, is gunning for a turnover of Rs 1,000 crore by FY2020. In FY2016-17, its India turnover stood at about Rs 700 crore. Of that, the passenger vehicle segment (including three-wheelers and small commercial vehicles up to three tonnes GVW) accounted for the lion’s share with almost Rs 570 crore, followed by Rs 100 crore by aftermarket vertical and roughly Rs 30 crore from two-wheeler industry.Talking to Autocar Professional about his company’s performance, Anil Khandekar, managing director, … [Read more...] about Chassis Brakes Int’l targets Rs 1,000 crore India biz by 2020
For the first time in a calendar, the industry sold over 3.2 million PVs in CY2017 growing 8 percent, when it had just missed the 3 million mark by a whisker in CY2016 with sales of 2.97 million units. Within passenger vehicles, passenger cars sold a record 2,168,000 units (+5%) in CY2017 and UVs witnessed a surge of 20 percent, selling 870,000 units. Even though the numbers look puffed, PV segment has performed better, growing 9.77 percent in CY2012, 30.85 percent in CY2010, 17.97 percent in CY2009, 15.28 percent in CY2007, 2006 18.48 percent in CY2006, and 23.88 percent in CY2004.The two-wheeler segment also grew substantially, selling more than 19 million units in the entire year, with scooters growing 14 percent with 6,400,000 units and motorcycles registering a 6 percent growth with 11,928,000 units. However, Mopeds declined by 2 percent at 849,000 units.M&HCVs grew 8 percent with sales of 321,000 units and LCVs zoomed ahead with a 16 percent growth, selling 468,000 … [Read more...] about India auto sales touch new high in CY2017; SIAM revises growth outlook for FY2018