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All investment articles
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ArticleP3 to develop warehouse near Mercedes-Benz
European logistics property developer P3 is expanding its business in Germany with the acquisition of a 6.5-hectare site in Horb am Neckar, near Stuttgart.P3, which is based in Prague, Czech Republic, plans to build a new 33,900 sq.m warehouse there by the end of 2019.The site is near Mercedes-Benz’s ...
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ArticleTariffs disrupting US car industry, lawmakers told
Representatives from carmakers, tier suppliers and the dealership sector were amongst those warning of the enormously disruptive impact of continued import tariffs in the US. Last week’s US Senate Finance Committee hearing in Washington, DC heard that duties on vehicles and automotive parts into the US, as proposed by the ...
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ArticleAmports will invest $11m in terminal at Altamira port
Amports Mexico has signed a partial concession agreement with the Port of Altamira Authority (API) to set up a public finished vehicles terminal rather than continuing to rent area within the port to do so.Amports managing director Ernesto Ibarra explained that the concession is for 20 years, although it could ...
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ArticleKia confirms investment in first Indian plant
Kia Motors has confirmed the signing of a memorandum of understanding (MOU) with the State Government of Andhra Pradesh, India to build its first manufacturing facility in the country.“We are delighted to announce that Kia’s newest manufacturing facility will be here in Andhra Pradesh,” said Han-Woo Park, president of Kia ...
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ArticleOntario secures its place in Ford’s connected-car future
Ford has announced a C$500m ($373m) research and development (R&D) investment in Canada’s Ontario territory, including the development of a research and engineering centre in the capital of Ottawa.Ontario Premier Kathleen Wynne and Prime Minister Justin Trudeau (pictured here on the right), were both present at the official event announcing ...
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ArticleHonda invests a further $85m in Alabama assembly plant
Honda has announced plans to invest $85m in its Lincoln plant in Alabama, including an expansion at the south end of Line 1 of the vehicle assembly operation there.The company said the investment was the first part of a multi-phase project to “improve vehicle manufacturing flexibility, strengthen the logistics efficiency ...
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ArticleFVL conference 2017: Live poll results
Live polling conducted at the Finished Vehicle Logistics North America conference revealed mixed sentiments on the economy, what technology to invest in and visibility in the sector ($236 billion is the correct answer)
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ArticlePSA group details €200m plan to modernise Sochaux
French carmaker PSA Group plans to modernise its Sochaux plant in the east of the country as part of a €200m ($213m) investment by 2022 that will include the installation of the first press line in France in two decades.A dedicated team has been on site for three years to ...
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ArticleCarmakers continue with investment plans for US plants
GM and Hyundai have both announced substantial investments in the US this week – but despite incoming US president Donald Trump using Twitter to shower himself with praise for these investments, their plans have been in place for some time, according to the OEMs themselves.Following Trump's criticism of GM’s production ...
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ArticleCarmakers to benefit from renovated Sagunto port rail line
Spain’s national ports authority, Puertos del Estado, has committed €40m ($42.6m) to upgrade the railway line linking Zaragoza, Teruel and the port of Sagunto on the Mediterranean coast. Of this, €13.6m is earmarked for sidings and €23m for the rail access into the port.The government said that it wanted to ...
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ArticleHonda secures 4,000 jobs with new investment in Ontario facilities
Honda Canada has agreed to invest C$492m ($374m) in new facilities in Ontario, securing 4,000 direct jobs, according to the province’s government.Among the developments, the carmaker has agreed to build a new paint shop at its plant in Alliston that will reduce greenhouse gas emissions by 44%. It will also ...
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ArticleFord boosts design and development with $195m Chennai hub
Ford has announced plans to bolster its engineering, IT and supply chain skills in India with a new product development and business centre in Chennai. The $195m investment is expected to increase India’s role as an export centre, as well as a stronghold for data and analytics – including in ...
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ArticleComponent makers start to invest as Ukraine’s economy picks up
The first signs of a recovery in the Ukraine automotive industry have begun to appear after several electric automotive components manufacturers recently announced plans to invest in plants in the west of the country with a view to exporting across Europe.In the last few years, the automotive industry in the ...
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ArticleBMW starts work on second parts RDC in South Korea
[Updated 14th April] BMW is investing 130 billion won ($110m) in a second regional distribution centre (RDC) in South Korea to better stabilise the supply of aftermarket parts to BMW, Mini and Motorrad service centres across the country. The facility is expected to create 600 jobs.The new facility will be ...