Latest news with #WMC
Korea Herald
03-06-2025
- Automotive
- Korea Herald
Hyundai Motor Company President and CEO José Muñoz Reinforces Hyundai's Journey as a Mobility Leader at FISITA World Mobility Conference 2025
SEOUL, South Korea and BARCELONA, Spain, June 3, 2025 /PRNewswire/ -- Hyundai Motor Group (the Group) reaffirms its vision for the future of mobility and its leadership in technological innovation at the La Fédération Internationale des Sociétés d'Ingénieurs des Techniques de l'Automobile (FISITA) World Mobility Conference (WMC) 2025, held from June 3 to 5 at the Palau de Congressos de Catalunya in Barcelona, Spain. FISITA, the world's largest association of academic institutions in the automotive field, unites engineering societies from 36 countries and has cultivated a global network of approximately 210,000 automotive researchers since its establishment in 1948. Its biennial conference, FISITA WMC, convenes around 2,000 distinguished executives and engineers from the mobility industry. As Prime Partner of FISITA WMC, the Group underscores its commitment to shaping the future of sustainable mobility by delivering a networking program, technical sessions, paper presentations, and an exhibition. Hyundai Motor Company President and CEO José Muñoz set the tone for the conference with his Principal Speech, engaging with industry leaders and engineers under the theme of Hyundai's journey as a mobility leader. "As an engineer myself, it was a real pleasure to share Hyundai's mobility journey and engage with participants at the FISITA World Mobility Conference. Under the leadership of Hyundai's Executive Chair, we are pushing the technological boundaries of what's currently possible to improve how people and goods will move more safely, sustainably and conveniently. Thank you to the organizers and congratulations to my colleague ChangHwan Kim for being named as the first Korean president of FISITA." ChangHwan Kim, Executive Vice President and Head of Electrification Energy Solutions Tech Unit at Hyundai Motor Group, who was inducted as president of FISITA at the conference, will guide the organization throughout his tenure until May 2027, overseeing the Executive Board and Committees. The Group will also host a special technical session from June 4 to 5, highlighting its latest advancements and collaborative research with European partners. Key topics include methodologies and case studies on the use of software and hardware, such as driving simulators for virtual performance verification, new bushing technologies to enhance ride comfort and performance in EVs and research on ensuring chassis reliability in software-defined vehicles using prognostics and health management technologies. Under the theme 'Clearly Committed, FCEV Technology,' the all-new NEXO and the enhanced fuel cell system will be exhibited, reiterating Hyundai Motor Group's leadership in hydrogen mobility and showcasing its dedication to driving innovation as a smart solutions provider across the full mobility ecosystem. By sharing its vision and technological capabilities throughout the conference, Hyundai Motor Group aims to foster global academic collaboration in mobility research while solidifying its role as a catalyst for innovation in the automotive industry, all in line with its vision of 'Progress for Humanity.' About Hyundai Motor Group Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT, and service.
USA Today
27-01-2025
- Business
- USA Today
Wisconsin business leaders support tariffs on China, new WMC survey says
Wisconsin business leaders support tariffs on China, new WMC survey says Wisconsin business leaders want tariffs on China but not Mexico and Canada. In response to unfair trade practices, 86% of Wisconsin business leaders support President Donald Trump's plan to impose tariffs on goods imported from China, according to a new poll by Wisconsin Manufacturers & Commerce. 'Wisconsin is a manufacturing and agricultural state. We make, grow and process things and we want to sell them around the world. But business leaders are saying that we need our trading partners to play by the rules,' Kurt Bauer, WMC president and CEO said in a statement. Tariff supporters say the import fees, when prudently applied, can shield American industries from unfair foreign competition. However they can make it more expensive for manufacturers to produce goods using raw materials and components from outside the United States. Also, when other countries retaliate with their own trade sanctions, it hurts sales of American products in those markets. The WMC poll showed that 56% of business leaders oppose tariffs on Mexico and Canada, two of Wisconsin's largest trading partners. Still, 73% support Trump's plan to use tariffs as a negotiating tactic to slow illegal immigration into the United States. The semiannual employer survey also showed that 89% of business leaders favor immigration reform which starts with securing the U.S. southern border. Ninety-six percent support increasing the 85,000-person cap on H-1B visas which target foreign workers with specialized skills. 'WMC has been advocating for reforming the guest worker program for some time. Demographic trends show that Wisconsin needs workers now and well beyond mid-century. Foreign workers must be part of the solution or our state will lose jobs and the economic activity that goes with them,' Bauer said. On taxes, 97% of respondents support making the provisions in the 2017 Tax Cuts and Jobs Act (TCJA) permanent. A new study commissioned by the National Association of Manufacturers says that failing to renew the expiring tax provisions in TCJA will cost Wisconsin 110,000 jobs, $10 million in employee wages, and $19.5 billion in gross domestic product output from the manufacturing sector alone. Manufacturing is Wisconsin's top economic sector, representing nearly $72 billion in GDP annually. Ninety percent of the survey respondents support lowering the U.S. corporate tax rate for manufacturers to 15%.
