Marathon Motors Engineering
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Marathon Motors Engineering
The Marathon Motor Engineering, Plc. is a joint venture between South Korean automobile manufacturer Hyundai Motor Company and Ethiopian former long-distance runner Haile Gebrselassie. The company is located in Addis Ababa, Ethiopia, and was founded in 2009. The firm is the official general importer of Hyundai vehicles in Ethiopia. For the first time, the company was presenting itself on the press conference of the Haile Resort presentation in Awasa. Currently, it cooperates with Hyundai running the erected automobile assembly plant in Nifas Silk-Lafto, Addis Ababa, which had been inaugurated in February 2019. As of July 2020, it already started assembling the electric Hyundai Ioniq The Hyundai Ioniq is a compact five-door liftback manufactured and marketed by Hyundai. The nameplate ''Ioniq'' is a portmanteau of '' ion'' and ''unique''. It is marketed as the first automobile to be offered without a standard internal combu .... References {{Automotive industry in Ethiopia ...
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Private Limited Company
A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United States, ''private company limited by shares'' in the United Kingdom, '' GmbH'' in Germany and Austria, ''société à responsabilité limitée'' in France, and ''sociedad de responsabilidad limitada'' in the Spanish-speaking world. The benefit of having a private limited company is that there is limited liability. However, shares can only be sold to shareholders in the business, which means that it can be difficult to liquidate such a company. Abbreviations Albania In Albania a limited liability company ( sq, Shoqëri me përgjegjësi të kufizuar Sh.p.k) is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreeme ...
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Awasa
Hawassa ( am, አዋሳ; ʾäwasa, also spelled Awassa or Awasa) known historically as Adare is a city in Ethiopia, on the shores of Lake Awasa, Lake Awassa in the Great Rift Valley, Ethiopia, Great Rift Valley. It is south of Addis Ababa via Bishoftu, east of Sodo, and north of Dila, Ethiopia, Dilla. The town serves as the capital of the Sidama Region, Sidama Region. It lies on the Cairo-Cape Town Highway, Trans-African Highway 4 Cairo-Cape Town and has a latitude and longitude of and an elevation of above sea level. Its name comes from a Sidamic word meaning "wide body of water". The city is home to Hawassa University a major university in the country (which includes Wondo Genet College of Forestry and Natural Resources, an Agricultural College, the Main Campus, and a Health Sciences College), Awasa Adventist College, and a major market. The city is served by Awasa Airport (ICAO code HALA, IATA AWA), opened in 1988. Postal service is provided by the main branch; electric ...
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Companies Based In Addis Ababa
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Joint Ventures
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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Car Manufacturers Of Ethiopia
A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods. The year 1886 is regarded as the birth year of the car, when German inventor Carl Benz patented his Benz Patent-Motorwagen. Cars became widely available during the 20th century. One of the first cars affordable by the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the US, where they replaced animal-drawn carriages and carts. In Europe and other parts of the world, demand for automobiles did not increase until after World War II. The car is considered an essential part of the developed economy. Cars have controls for driving, parking, passenger comfort, and a variety of lights. Over the decades, additional features and controls have been added to vehicles, making them progressively more complex. These i ...
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Electric Vehicle Manufacturers
Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations. Various common phenomena are related to electricity, including lightning, static electricity, electric heating, electric discharges and many others. The presence of an electric charge, which can be either positive or negative, produces an electric field. The movement of electric charges is an electric current and produces a magnetic field. When a charge is placed in a location with a non-zero electric field, a force will act on it. The magnitude of this force is given by Coulomb's law. If the charge moves, the electric field would be doing work on the electric charge. Thus we can speak of electric potential at a certain point in space, which is equal to the work done by an external agent in carrying a unit of ...
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CleanTechnica
''CleanTechnica'' is a US-based website dedicated to aggregating news in clean technology, sustainable energy, and electric vehicles, with a focus on Tesla. Content CleanTechnica publishes stories on a wide range of topics that are cited by mainstream media such as Business Insider (on Lindsey Graham), Reuters (on nanotech for energy storage), ThinkProgress (on wind power in Texas), ''The Washington Post'' (on suburban living), Forbes (on the Byton M-Byte) and Slate (on mask stockpiling during the COVID-19 pandemic). ''ThinkProgress'' have also published their stories in full. In addition to their own stories CleanTechnica publish interviews with notable individuals within clean technology such as fellow at the Post Carbon Institute Richard Heinberg. In collaboration with the quarterly magazine ''The Beam Magazine'' CleanTechnica publish their stories. Starting in 2015 CleanTechnica have held an annual vote among its readers to select a ''Car of the Year.'' Staff The site d ...
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Hyundai Ioniq
The Hyundai Ioniq is a compact five-door liftback manufactured and marketed by Hyundai. The nameplate ''Ioniq'' is a portmanteau of ''ion'' and ''unique''. It is marketed as the first automobile to be offered without a standard internal combustion engine, but rather sold in hybrid, plug-in hybrid, and all-electric variants. The Ioniq Hybrid debuted in South Korea in January 2016, with all three variants debuting at 2016 Geneva and New York auto shows. The hybrid variant launched in its home market in February 2016, followed by the electric model in July 2016. The plug-in hybrid version followed in February 2017. From its first model year (2017) through the 2019 model year, the Ioniq Electric had been the EPA's most efficient vehicle with a rated fuel economy of . The Ioniq Blue Hybrid version has been rated at , making it the most fuel-efficient hybrid vehicle to be mass-produced. Following its discontinuation in South Korea in 2021, production of the Ioniq ended in July 2022 ...
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Nifas Silk-Lafto
Nifas Silk-Lafto,Lafto is sometimes spelled "Lafito" also spelled Niffassilk Lafto or Nefassilk Lafto (Amharic: ንፋስ ስልክ ላፍቶ ክፍለ ከተማ), is a district of Addis Ababa, Ethiopia. As of 2011 its population was of 335,740. Geography The district is located in the southwestern suburb of the city. It borders with the districts of Kolfe Keranio, Lideta, Kirkos Kirkos ( Amharic: ቂርቆስ ክፍለ ከተማ), also spelled Kerkos, Kirikos or Cherkos, is a district of Addis Ababa, Ethiopia. As of 2011 its population was of 235,441. Geography The district is located in the city centre, and borders wit ... and Bole and Akaky Kaliti. List of places * Jemo Michael * Jemo 1 * Jemo 3 * Repi * SOS Children's Village Addis Ababa Admin Level: 11 * Besrat Gebriel * EECMY Residential Area * Great Akaki * Gulele Bota * Haile Garment * Hana * Harbu Shet * Irtu Bota * Jemo * Lafto * Lebu * Lebu Mebrathail * Mekanisa * Mekanisa Abo * Menisa * Vatican References Ex ...
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Haile Resort
Haile ( Ge'ez "the power of") may refer to: ;People with the given name Haile * Haile Selassie of Ethiopia (1892–1975), Emperor of Ethiopia * Haile Gerima (born 1946), Ethiopian filmmaker * Haile Gebrselassie (born 1973), Ethiopian distance runner * Haile Yosadiq, warlord of the Zemene Mesafint * Haile Maryam, another warlord of the Zemene Mesafint, and father of Wube Haile Maryam * Haile, the lead singer of British R&B trio WSTRN * Haile Kifer, victim in the Byron David Smith killings ;Other *Haile (surname) *Haile (robot), a robotic musician ;Places *Haile, Cumbria, a place in Cumbria, England *Haile Homestead, a historic site in Alachua County, FL. *Haile Plantation, Florida, an unincorporated community in Alachua County, FL -- located near Gainesville, FL. * Haile, FL, another unincorporated community near Newberry, FL. See also *Hale (other) *Hailu *Yemane Haileselassie (born 1998), Eritrean steeplechase runner *Yohannes Haile-Selassie Yohannes Haile-Selassie A ...
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Addis Ababa
Addis Ababa (; am, አዲስ አበባ, , new flower ; also known as , lit. "natural spring" in Oromo), is the capital and largest city of Ethiopia. It is also served as major administrative center of the Oromia Region. In the 2007 census, the city's population was estimated to be 2,739,551 inhabitants. Addis Ababa is a highly developed and important cultural, artistic, financial and administrative centre of Ethiopia. Addis Ababa was portrayed in the 15th century as a fortified location called "Barara" that housed the emperors of Ethiopia at the time. Prior to Emperor Dawit II, Barara was completely destroyed during the Ethiopian–Adal War and Oromo expansions. The founding history of Addis Ababa dates back in late 19th-century by Menelik II, Negus of Shewa, in 1886 after finding Mount Entoto unpleasant two years prior. At the time, the city was a resort town; its large mineral spring abundance attracted nobilities of the empire, led them to establish permanent settlement ...
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Hyundai Motor Company
Hyundai Motor Company, often abbreviated to Hyundai Motors ( ) and commonly known as Hyundai (, ; ), is a South Korean multinational automotive manufacturer headquartered in Seoul, South Korea, and founded in 1967. Currently, the company owns 33.88 percent of Kia Corporation, and also fully owns two marques including its luxury cars subsidiary, Genesis Motor, and an electric vehicle sub-brand, Ioniq. Those three brands altogether comprise the Hyundai Motor Group. Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea which has an annual production capacity of 1.6 million units. The company employs about 75,000 people worldwide. Hyundai vehicles are sold in 193 countries through 5,000 dealerships and showrooms. History Chung Ju-Yung (1915–2001) founded the Hyundai Engineering and Construction Company in 1947. Hyundai Motor Company was later established in 1967, and the company's first model, the Cortina, was relea ...
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