Policy adjustments needed to fix South Sudan economy: IMF
March 23, 2019
South Sudan is in a deep economic crisis and policy adjustments are urgently needed to reestablish economic stability and credibility, the International Monetary Fund (IMF) said.
An IMF team, led by Jan Mikkelsen, visited South Sudan from March 5-15 to conduct discussions of the 2019 Article IV Consultation.
“The mission stressed that restoring macroeconomic stability"...
Japanese carmaker Suzuki opens talks with Ghana to set up plant
March 20, 2019
Suzuki Motor Corporation on Tuesday, announced its intention to set up a production unit in Ghana.
The Japanese Multinational automobile manufacturing company also told government officials that it intends to make Ghana the hub of its operations in sub-Saharan Africa.
Suzuki’s General Manager in-charge of Middle East and Africa, Koichi Suzuki, disclosed this when"...
Velodyne Lidar CEO Wins Alliance of Automobile Manufacturers’ Autos2050 Award
March 17, 2019
(AETOS Wire) -- The Alliance of Automobile Manufacturers (Auto Alliance), a trade association representing 12 automakers, honored David Hall, chief executive officer and founder of Velodyne Lidar, Inc., as an Autos2050® award winner. Hall was selected in the award’s Ingenuity category, which pays tribute to executives for demonstrating exceptional creativity and uniqueness. The Auto Alliance recognized Hall as an industry leader by achieving his company’s goal of safe autonomous driving by providing some of the most advanced lidar sensors at automotive-grade pricing. The organization also saluted Hall for leading Velodyne in its launch of the World Safety Summit on Autonomous Technology in 2018 that seeks to educate the public, media, and industry about the benefits of autonomous vehicle (AV) safety and industry challenges. Auto Alliance also cited Velodyne’s close collaboration with Mothers Against Drunk Driving to promote safe mobility. “David Hall was chosen as an Autos2050 award winner for making game-changing contributions to the automotive......
Continental Technology powers Jeep Wrangler’s new eTorque Mild-Hybrid System
March 13, 2019
Continental, the leading German tire and automotive technology company, is partnering with Fiat Chrysler Automobiles (FCA) to develop an eTorque mild-hybrid technology that will be applied on the all-new Jeep® Wrangler. Continental’s industry-first, liquid-cooled 48-volt Eco Drive supports the eTorque system, contributing to the SUV’s legendary performance, while simultaneously improving fuel efficiency.
Continental’s 48-volt"...
Germany fines BMW $9.6 million over diesel emissions
February 26, 2019
FRANKFURT AM MAIN: German prosecutors said Monday they had fined high-end carmaker BMW €8.5 million ($9.6 million) over diesel cars with higher harmful emissions than allowed, while adding the infraction was down to error rather than deliberate fraud.
“Munich prosecutors have ordered a fine of €8.5 million for the administrative offense of negligence in quality control,” investigators said in a statement.
Authorities had been probing BMW since early 2018 over suspicions it could have built"...