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All Feature articles – Page 282
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FeatureGM reveals figure for PSA stake
Further details have come to light on the cost-saving alliance announced at the end of February between General Motors and PSA Peugeot-Citroën. According to news service Reuters, GM has made a regulatory filing with the US Securities and Exchange Commission, in which the carmaker states it will pay €320m ($423m) ...
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FeatureEU should use transport investment for growth
Members of the European Parliament and policymakers from the European Commission have made calls to use investment in transport infrastructure and intelligent systems as a means to encourage economic growth in the European Union. The remarks have come on the eve of a budget decision in the European Parliament that ...
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FeatureItalian transport strike closes Fiat plants
Fiat has been forced to close all five of its plants in Italy because of a transport strike that has been running for three weeks and which has prevented the delivery of finished vehicles that are now filling storage lots at facilities as well as compounds around the country. The ...
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FeatureMexico to cut vehicle exports to Brazil
Mexico has agreed this week to cut future vehicle exports to Brazil following a threat to the future of the ten-year old trade deal between the two countries that gives them preferential access to each other's car markets. The latest development follows a request by the Brazilian government that ...
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FeatureUPS to buy TNT Express for $6.8bn
United Parcel Service (UPS) has reached an agreement on its offer for ownership of TNT Express that, once approved, will create a global integrated logistics network with more than $60 billion in annual revenues. UPS raised its cash offer of €9.50 ($12.50) per share to secure the deal and is ...
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FeatureExecutives on the move
Ceva Logistics has appointed Giuseppe Chiellino as managing director for the company's business in Italy. Chiellino will be in charge of all contract logistics and freight management activities and report to Gianfranco Sgro, Ceva's president of Southern Europe, Middle East and Africa. Ceva has a number of automotive contracts in ...
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FeatureGlobal Vehicles loses dispute with Mahindra
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FeatureGefco extends service for Dacia
Gefco has renewed its multimodal logistics service for Romanian carmaker Dacia, which combines road and rail shipments to move vehicles from the carmaker's plant in Pitesti, Romania to the Italian market. Gefco will now be able to also utilise the assets of Gruppo Mercurio, for vehicle movements in Italy following ...
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FeatureFord exports help build India output
Ford's sales figures in India, combined with its exports to overseas markets, reached just under 10,500 units in February. The results build on a total for last year that saw 120,000 in domestic sales. The carmaker exported 30,000 vehicles last year, approximately 20% of its local output. The February result ...
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FeatureGMSA begins Isuzu exports to Kenya
General Motors South Africa exported its first shipment of Isuzu KB light commercial vehicles to Kenya last weekend, the latest market for the company's right-hand drive versions of the vehicle, which is already exported to Mozambique, Zimbabwe, Zambia, Malawi and Mauritius. Isuzu already has a 30% share of Kenyan LCV ...
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FeatureToyota promises stronger supply chain by autumn
One year after the devastating earthquake and tsunami that hit Japan, and which hit global automotive production for six months afterwards, Toyota has announced that it is putting in place a more resilient supply chain by this autumn. The new strategy will allow it to recover within two weeks ...
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FeatureGlobal round up
Höegh Autoliners commences regular Sagunto serviceHöegh Autoliners has launched a new regular service from the Spanish Mediterranean port of Sagunto to the US East Coast, complementing existing services from Sagunto to the Far East, the Black Sea, the Mediterranean and Northern Europe. Vessels will call on a three-week rotation. ...
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FeatureExecutives on the move
Takashi Nagai is moving from his position as president and CEO of Honda Siel Cars India (HSCI) and “is expected” to take up a new role in Japan as president and representative director of Honda Logistics. As of the beginning of April he will be ...
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FeatureBrazil seeks review on Mexico trade pact
Brazil has made it known that it wishes to renegotiate a trade agreement it has with Mexico, bringing forward from 2020 to 2015 the possibility of trade in heavy vehicles. The Complimentary Economic Agreement (ACE) first appeared in 2003 and has resulted in bilateral automotive businesses growing from little more ...
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FeatureGaz reaps the benefits of paying on time
Russia's largest commercial vehicle maker Gaz is working to improve its logistics processes as part of an ongoing overhaul of operations designed to cut its high debt ratio and build on an impressive return to profitability since 2008. Under the leadership of president and CEO Bo Andersson (pictured), formerly global ...
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FeatureGM-PSA could benefit from Gefco footprint
Last week's news that GM is taking a 7% stake in PSA Peugeot-Citroën and will establish "a strategic, commercial cooperation" with PSA's logistics subsidiary means that both carmakers could potentially increase sales opportunities in markets beyond Europe. The new deal also offers Gefco the opportunity to benefit from economies of ...
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FeatureNissan adds new model to UK output
Nissan is investing £125m ($196m) to add a new model to its UK plant Sunderland next year based on the compact Invitation hatchback concept revealed at the Geneva Motor Show this week, with an estimated initial output of 100,000 vehicles. The project is also supported by a ...
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FeatureGlobal round up
Geely to export CKDs for assembly in EgyptChinese carmaker Geely is reported to have entered an agreement GB Auto (Ghabbour Auto), a vehicle assembler based in Egypt, for the production for vehicles for sale in the country and the wider North African market. Geely said last year that it was ...
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FeatureGM stake in PSA means services for Gefco
The announcement on Wednesday this week that General Motors is to take a 7% stake in French carmaker PSA Peugeot-Citroën as part of cost saving exercise designed to help each carmaker’s struggling European operations will also mean that PSA’s logistics unit Gefco will now provide logistics for GM in Europe ...
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FeatureGreat Wall plants export foothold in Europe
Chinese carmaker Great Wall Motor has opened its first production plant in Europe at a location in Lovech, Bulgaria, 150km northeast of the capital Sofia. The €100m ($134m) facility, which is a joint venture with Litex Motors in which Great Wall Motor has a minority stake, will have an initial ...