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All China articles – Page 15
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FeatureYusen buys share in JV with NYK and Anji
Yusen Logistics has bought a 20% share in the existing joint venture between its parent company NYK and China’s Anji Automotive Logistics for an undisclosed sum. Yusen bought the 20% share from NYK, which previously held 49% of the company. A spokesperson for the company said that the decision to ...
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FeatureEEU hits vehicle makers with revised rates
Carmakers with assembly plants in Russia, Kazakhstan and Belarus are now unable to export finished vehicles duty free within the Eurasian Economic Union (EEU), because the localisation rate has increased.Previously, almost all Russian carmakers, as well as those foreign carmakers with plants in the region, were registered on the EEU’s ...
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FeatureBMW set to raise stakes in China
BMW is reported to be increasing its 50% stake in Brilliance China Automotive, making it the first foreign carmaker in the country to take majority control of a joint venture. Newspaper reports, including the China Daily and South China Morning Post, cite comments from premier Li Keqiang during a visit ...
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FeatureChinese EV battery maker forced to stop output
A reduction in Chinese government subsidies to electric vehicle (EV) manufacturers has forced battery maker Shenzhen OptimumNano Energy to cease operations for six months.The majority of staff have been told to take paid leave for the rest of the year from July 1. Meanwhile, the government is reported to be ...
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FeatureAfrica awakes
Africa’s vehicle production and distribution sector still trails much of the rest of the world, but the signs are that this is beginning to change
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FeatureKuehne + Nagel expands services for BMW
Kuehne + Nagel and BMW have expanded their partnership in Europe and Asia.In a phased development, the logistics company set up a regional distribution centre in Kleinaitingen (Germany) last April and one in Słubice (Poland) a month later. It is also establishing dealer distribution centres in Beijing and Shanghai, China, ...
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FeatureHigher tariffs to hit Daimler’s earnings
Increased Chinese import duties on US-made cars and other setbacks have forced Daimler to lower earnings expectations for this year, despite record sales.“The decisive factor is that at Mercedes-Benz Cars fewer-than-expected SUV sales and higher-than-expected costs – not completely passed on to the customers – must be assumed because of ...
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FeatureBrexit’s unaccustomed burdens
Nine months before the UK’s planned departure from the European Union, uncertainty over customs arrangements is emerging as one of the major concerns of manufacturers – perhaps just as much, if not more so, than the prospect of tariffs and taxes. The risks and impacts from delays in logistics flows ...
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FeatureAutomotive in the firing line as Trump extends tariffs
Cars and automotive parts are becoming enmeshed in intensifying global trade wars, with the automotive sector facing increased shipping, supply, manufacturing and cost uncertainty for some time to come.The catalyst has been the US president imposing import tariffs of 25% on steel and 10% on aluminium, two key input materials ...
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FeatureBBA expands battery factory in China
Seven months after opening a battery factory in north-east China, BMW Brilliance Automotive (BBA) has already started enlarging the facility.The expansion by the joint venture between BMW and Brilliance China Automotive Holdings will enable production of more powerful batteries for fifth-generation eDrive technology to be used in the fully-electric BMW ...
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FeatureKerry Logistics acquires SAS
Third-party logistics provider Kerry Logistics has further extended its reach into the EMEA market with the acquisition of South African-based freight forwarder, Shipping and Airfreight Services (SAS).In a statement, Kerry highlighted the importance of South Africa as a manufacturing hub for the global automotive market.“South Africa’s economy has an important ...
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FeatureChina cuts import tariffs on vehicles and parts
China’s Ministry of Finance has announced that import duty on foreign-made cars will fall from 25% to 15% with effect from July 1, with tariffs on automotive parts dropping from around 10% to 6%.The move delivers on a promise by China’s president Xi Jinping last month that the country would ...
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FeatureGefco: Full of get up and go
French transport and logistics provider Gefco started 2018 with an announcement in Paris that it was looking to cooperate more closely with its partners and customers. At the same time, the company said it was looking for international growth and new business as it continued to move beyond the traditional ...
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Grimaldi añade seis naves híbridas a su flota
Shipper Grimaldi Group adquirirá seis naves ro-ro híbridas para aumentar y modernizar su flota. El pedido valorado en $400m ha sido adjudicado astillero chino Jinling.La entrega de las naves está prevista para comenzar en 2020, y tendrán capacidad para transportar 7,800 metros lineales de unidades rodantes, el equivalente a 500 ...
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FeatureContinental extends inbound deal with Kerry Logistics
Kerry Logistics has secured a four-year extension to its contract with the tyre-making division of tier supplier Continental.The third-party logistics provider’s division in Germany will handle international ocean freight export of tyres and provide logistics services for Continental’s procurement of raw materials to production sites worldwide, mainly from Asia.Kerry Logistics’ ...
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FeatureFord reorganises distribution in China
Ford has created a single finished vehicle distribution channel for its Greater China region to replace a complex joint venture and dealer network and accelerate growth.The Ford National Distribution Services Division (NDSD) will be responsible for the marketing, sales and servicing of all cars the company sells in the world’s ...
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FeatureGrimaldi adds six hybrids to its fleet
Shipper Grimaldi Group is to add six hybrid ro-ro vessels to enlarge and modernise its fleet. The order, valued at more than $400m, has been awarded to Chinese shipbuilder Jinling.The vessels, delivery of which is expected to start in 2020, will be able to transport more than 7,800 linear metres ...
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FeatureOpportunities grow as China opens its market
China is committed to opening its market to global competition, as shown by the announcement last week that it will lower import tariffs and remove a two-decade old regulation restricting foreign carmakers to making cars there only as part of a joint venture with a Chinese company. And according to ...
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FeatureChina to slash car import tariffs and aid foreign JVs
China’s president Xi Jinping has said the country will greatly reduce its current 25% duty on foreign-made cars as part of wider efforts to increase imports and reduce its trade surplus with other countries.“This year we will significantly lower import tariffs for vehicles and reduce import tariffs for some other ...
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FeatureMercedes-Benz: Taking an end-to-end approach
It may have taken Mercedes-Benz around 120 years to reach 1m cars per year, breaching the mark around the turn of the 21stcentury. However, the recent surge in growth of the brand has seen it rise by around 1m units in sales and production in just five years, with passenger ...