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News – Page 124
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FeaturePrologis buys DCT Industrial
Prologis is buying rival US-based logistics real estate developer DCT Industrial for $8.4 billion.The acquisition gives Prologis more than 65 hectares of additional industrial project space and almost 80 hectares of land in pre-development, predominantly in Seattle, Atlanta, South Florida and Southern California.“For some time, we have considered DCT’s realigned ...
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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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FeatureMitsubishi begins large-scale exports from Indonesia
Mitsubishi Motors has begun sending the Xpander small MPV abroad from its assembly plant in Bekasi, Indonesia. It is the first time the Japanese carmaker has exported vehicles on a large scale from the country.The OEM said the move had been made possible by strong support from the Indonesian government ...
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FeatureHarman expands Suzhou factory
Samsung Electronics subsidiary Harman International has expanded its plant in Suzhou, China, which produces audio and connected car products.Extra production lines have been added and the company said the extra space would allow it to optimise order handling and scheduling there as well as improve the layout of its storage ...
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FeatureStrike at Lear plant hits seat supply at FCA Brampton
Union-affiliated workers at the Lear seating plant in Ajax, Canada, went on strike over the weekend, disrupting production at the nearby Fiat Chrysler Automobile (FCA) plant in Brampton (pictured) to which Lear supplies complete seats from Ajax on a just-in-time basis.In a statement, FCA admitted that the action taken by ...
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FeatureToyota-Shell hydrogen fuel station set for go-ahead
Toyota and Shell Oil Products US have been provisionally awarded $8m by the California Energy Commission (CEC) to develop the first hydrogen truck refuelling station at the port of Long Beach.If approved at a commission meeting on May 9, Shell will build, own and operate the station at the Toyota ...
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FeatureCar hauliers suspend services at Renault-Nissan’s Chennai plant
Car carriers providing outbound distribution services for Renault-Nissan in India suspended their operations at the carmaker’s plant in Chennai last week in protest at what they say was the OEM’s decision to renege on agreed freight rates.According to the Car Carrier Association (CCA), the dispute dates back to meetings Renault-Nissan ...
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FeatureThe ethics of sourcing for electrics
As the march towards mass-market take-up of electric vehicles continues, there is a growing focus on the sustainability of the raw materials used in the EV and battery supply chain, such as copper, nickel, cobalt and lithium. Generally speaking, the social and environmental impacts of raw material production will depend ...
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FeaturePorsche to open first PDC in Canada
Porsche will open its first parts distribution centre (PDC) near Toronto by the end of next year as it responds to a 17% increase in sales of its vehicles across Canada during 2017. Last year, the premium sports car manufacturer sold almost 8,250 vehicles at its 19 dealerships across the ...
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FeatureTrump sanctions leave Gaz exports in doubt
The production and export operations of Gaz Group in Russia remain up in the air, after the US first imposed and then delayed sanctions against its owner Oleg Deripaska this month.Deripaska was as one of seven Russian businessmen and 12 companies targeted by the US in early April in response ...
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FeatureRussia to halt parts imports during Fifa World Cup
Russia is likely to cease importing almost all automotive components and spare parts for two months from May 25 to July 25, as the federal government seeks to impose unprecedented security measures in the country for the duration of the Fifa World Cup 2018 football tournament.The government is planning to ...
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FeatureCMA CGM to take 25% stake in Ceva Logistics
International container shipping company CMA CGM has agreed to acquire a 25% share of third-party logistics provider Ceva Logistics, estimated to be worth up to 450m Swiss francs ($458m), in convertible bonds.The deal remains subject to regulatory approval, at which point the bonds can be converted into shares. The deal ...
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FeatureNissan and Mitsubishi to share spare parts resources in Japan
Nissan Motor and Mitsubishi Motors have arranged to jointly use a spare parts warehouse near Tokyo, Japan, and share a regional delivery network as part of efforts to work together more closely to reduce logistics costs.From October this year, the carmakers will share Nissan's 355,000 sq.m Sagamihara Parts Center, about ...
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FeatureDB Cargo UK announces top appointments
Rail freight operator DB Cargo UK has appointed Dirk Nolte (pictured) as chief operating officer (COO). Nolte, who has substantial experience in business process re-engineering and improvement, has spent 24 years in various industries managing large-scale international projects from scoping to implementation.The company has also announced the appointment of Roger ...
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FeatureNissan axes jobs as UK diesel sales plunge
Nissan is to reduce the workforce at its Sunderland factory in the north-east of England amid operational changes, with hundreds of jobs reportedly being axed as the company adjusts to declining demand for diesel models across Europe. The company’s announcement comes only a week after Jaguar Land Rover (JLR) announced ...
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FeatureSettling into steady growth
China has the biggest car market in the world and is expected to make 25.3m vehicles this year. The city of Chengdu has 4.5m of them driving around it, making it the second largest in China for vehicle numbers behind Beijing – and it was to Chengdu that delegates headed ...
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FeatureJafza reports rising automotive business
DP World’s Jebel Ali Free Zone (Jafza) generated automotive business worth around $10.75 billion in 2017, the company has revealed.Around 11% of Jafza’s customer base is accounted for by the vehicle and transport sector, encompassing 546 automotive companies from 62 countries, providing employment to 8,200 people.“The encouraging performance of the ...
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FeatureAptiv takes a global approach to mobility
In December last year, tier one automotive parts and systems technology provider Delphi Automotive divided its business into two separate companies: Aptiv and Delphi Technologies. The latter continues to supply powertrain and engine management systems and components, including advanced vehicle propulsion, combustion systems, electrification products and software, as well as ...
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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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FeatureGefco reports gains in automotive beyond core PSA contracts
Gefco has reported annual revenue gains of 5.1% in its full-year results for 2017, earning €4.4 billion ($5.4 billion). Sales were supported by a 8.1% growth in global automotive accounts outside of its traditional activity for former parent company Groupe PSA (which now includes GM's Opel/Vauxhall divisions). The company noted ...