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Hyundai has joined the global race to invest in mobility firms as individual car ownership is widely expected to fall due to in part to increasing car-sharing options in big cities double initial cufflinks uk sale. “Not only Hyundai, but all global auto manufacturers have realized that generating revenue solely from selling vehicles is not a sustainable, viable option,” Hyundai’s chief innovation officer, Chi Young-cho, told reporters in Seoul. “It is better to disrupt than being disrupted,” he said..

Earlier this year, Hyundai said it invested $25 million for a 0.45 percent stake in Grab, joining investors such as Chinese ride-hailing firm Didi Chuxing, Japan’s SoftBank Group Corp and Toyota Motor Corp. Grab said it has so far raised $2.7 billion in funding, including Hyundai’s latest investment, and is on track to attract over $3 billion by the end of this year. Grab President Ming Maa told Reuters that the company does not yet have plans to go public. The partnership will help Grab lower car ownership and operating costs for its drivers, Maa said. Lower costs help ride-hailing firms attract and retain drivers double initial cufflinks uk sale.

Hyundai expects to launch its own ride-sharing service in select markets next year, said Chi, who oversees Hyundai’s new businesses such as those involving ride-sharing, artificial intelligence and robotics. He also said the automaker is looking at acquisition opportunities, without giving details. The automaker aims to collect data such as on battery charging from cars it leases to Grab to develop vehicles better tailored for Southeast Asia double initial cufflinks uk sale. It also hopes to explore the possibility of building a factory in the region in the longer term..

WASHINGTON (Reuters) – Wells Fargo & Co executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge this week double initial cufflinks uk sale. Several executives, including then-General Counsel James Strother and chief auditor David Julian, were among the bank officials briefed in 2012 about possible flaws in the auto insurance program that was ended in 2016, according to parts of a class-action lawsuit that were unsealed on Monday..

A Wells Fargo official declined to comment on the allegations in the lawsuit but said the bank intended to repay all customers who were hurt double initial cufflinks uk sale. “We have been reviewing customer accounts and developing a remediation plan – which we hope to finalize very soon,” said spokeswoman Natalie Brown. Strother, Julian and other executives named in the lawsuit could not immediately be reached for comment. Last month, regulators warned Julian and another bank official that they could face sanctions for their past work with Wells Fargo..