Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

LG Starts Up Car Design Company
Feb 12, 2004
 Printable format
 Email this Article
 Search

The South Korea-based LG Group, which once tried to get into the vehicle assembly business, has started up a car design company.

According to South Korea’s Fair Trade Commission (FTC), LG CNS, an information technology service affiliate of LG Group, has established firm called Vehicle-Engineering & Solution Corporation.

It begins life with an initial capital with 200 employees, including temporary staff. It will be headquartered in Inchon and officially begin operations later this month.

“We are targeting overseas markets like Malaysia and Japan where total car design outsourcing industry is popular and flourishing. We believe that the automobile design business has high growth potential,” said Howard Yoon, a spokesperson for LG CNS.

Mr. Yoon said his company believes that outsourcing will find increasing favour among Korean automakers in the future.

“Simply put, VE&S Corp. will design car models and virtually all car parts on behalf of automakers,'' Mr. Yoon said. (Auto Asia)

Back to Daily News

 

Daily News

...........................................................

Jul 31, 2014: LG Home Appliance, LG Air Conditioning See Lower Quarterly Sales

Jul 31, 2014: AHAM Canada New Chair is Doell of Samsung Electronics Canada

Jul 29, 2014: Jarden Reports Record Net Sales in 2Q

Jul 29, 2014: LG USA Names VanderWaal to Head Marketing

Jul 29, 2014: Smart Meters May Provide An Entrance Point for Cyber Attacks on the Connected Home

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows