Chinese Reportedly Eyeing Stake in Daimler AG
China’s sovereign wealth fund is reportedly looking to acquire a significant stake in Daimler AG, the German parent of automotive brands Mercedes-Benz and Smart. A report in the well-placed Communist Party newspaper the Peoples Daily is citing anonymous sources indicating that the China Investment Corp. is negotiating the purchase of as much as 10% of the German manufacturer. Learn more
Lexus Takes a ‘holistic’ view of safety technology.
It can spot a potential problem 500 feet away and tell the difference between a red and green light. It can anticipate a corner even before the driver turns the steering wheel. It’s designed to prevent a crash but can also make it easier to survive a collision even as it automatically calls for help. Toyota’s Lexus luxury brand is giving the public a first look at its advanced active safety research vehicle at the annual Consumer Electronics Show in Las Vegas this week. Learn more
At CES, Audi Rolls Out Self-Parking Car
Enjoy going places but hate parking? Now there is a car for that. Audi AG on Tuesday unveiled a new self-driving car technology that it says can allow a car to seek out a parking space in a garage, find it and park all without a driver in the seat. Learn more
Hyundai appoints company veteran Rhim to head Europe operations
Hyundai Motor Co. has appointed Byung Kwon Rhim, a company veteran, to head its growing operations in Europe. Rhim, 52, was named president and chief executive officer at Hyundai Motor Europe effective January 9, the company said in a statement. Learn more