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News – Page 189
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FeatureKewill to buy LeanLogistics from Brambles
Logistics software provider Kewill has signed an agreement to buy LeanLogistics, the transport management software provider, from Brambles for $115m. Brambles specialises in the pooling of packaging equipment and associated services.The transaction is subject to standard regulatory approvals and is expected to be completed within 45 days, a spokesperson for ...
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More short-sea initiatives emerge in India
Automotive manufacturers in India are increasingly looking towards short-sea shipping to move finished vehicles around the country.Hyundai Motor has revealed it is exploring options to move cars north by sea to the east of the country, from its Chennai car plant to the city of Kolkata. It is also seeking ...
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FeatureDana to build axle plant to supply FCA in Toledo
US powertrain components supplier Dana Holding is to open a new axle manufacturing facility in Toledo, Ohio next year, near to Fiat-Chrysler’s plant, following a $70m investment.The tier one supplier said it planned to assemble “enhanced versions” of its Dana 30 and Dana 44 axles by late 2017 and that ...
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FeatureIAAF appoints Tina Patel to finance role
UK body the Independent Automotive Aftermarket Federation (IAAF) has appointed Tina Patel (pictured) as its new financial coordinator. Patel brings with her more than 12 years’ experience in the finance and banking industry across areas including pensions, asset management and retail banking. She will work at IAAF’s head office in ...
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FeatureBosch back in business in Iran
Tier one parts supplier Bosch is the latest company to announce its return to Iran, following the lifting of economic sanctions earlier this year, with the opening of a new regional office in Tehran.The German company said it saw “great potential in Iran’s growing vehicle market” where local vehicle production ...
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FeatureTop GM-Uzbekistan execs arrested over fraud allegations
Tokhirjon Jalilov, the chief executive officer of GM-Uzbekistan, has been arrested along with nine other executives at the joint venture company, after an investigation by Uzbekistan’s General Prosecutor’s Office (GPO) alleging fraud in relation to the export of vehicles to Russia via Kazakhstan.National security services made the arrests on April ...
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FeatureKessler moves to CPO role at Cargomatic
Jonathan Kessler (pictured) has stepped down from his role as CEO of Cargomatic, the on-demand shipping platform that matches truckers and shippers which he co-founded with its president, Brett Parker. He remains with the company in the new role of chief product officer, however, and also remains on the board.“It ...
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FeatureAdampol supports classic car moves for the Tour Amical
Polish car transporter, Adampol, has been involved in the transport of more than 250 classic cars for the Venice-Milan-Monte Carlo rally, otherwise known as the Tour Amical.The vehicles were moved from Antwerp’s two-day classic car event (ACCE), which ran between April 30th and May 1st . The ACCE is always ...
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Texan hailstorms put the dent in unprecedented
The adverse weather conditions that hit the US state of Texas during April, including exceptional levels of hail, have caused widespread damage to vehicles at dealerships in the Dallas/Fort Worth and San Antonio areas.Spring storms have brought severe flooding and violent gales to Texas throughout March and April. While storms ...
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FeatureAston Barclay invests £700k in car transporters
UK-based vehicle remarketing specialist Aston Barclay has just renewed its car carrier fleet with the acquisition of six vehicle transporters.The fleet, which represents an investment of £700,000, is made up of six Scania P410 trucks and a corresponding number of custom-built Pegasus trailers from equipment maker Rolfo. Each trailer can ...
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Tesla: ramping up and stepping down
Tesla has announced that it is stepping up its production plans substantially, with expectations to increase output by more than 50% in the second half of the year compared to its current rate, while also launching production of the first cells by the end of this year at its 'Gigafactory' ...
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FeatureChevrolet imports to Iran blocked by ministry
An attempt by an unnamed Iranian importer to move 200 Chevrolet vehicles into the country has been blocked by Iran’s Ministry of Industry, Mine and Trade. The move ran counter to the US government’s Executive Order preventing business with Iran despite the lifting of sanctions in January this year.It is ...
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FeatureCar business a bright spot for NYK; oversupply and low rates cloud results
The steady growth in ultra-large container ships and stagnating demand for ocean freight shipments to Europe have combined with historically low spot freight rates in the dry bulk sector to severely hit profits at Japan’s NYK Group, according to the latest financial report.However, healthy finished vehicle volumes between North America ...
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FeatureRhenus Logistics to take over Ferrostaal Automotive
German logistics provider Rhenus Group is buying Ferrostaal Automotive for an undisclosed sum.Ferrostaal Automotive provides pre-assembly operations to carmakers including Audi, Ford, GM, VW and Seat and the buyout, which will be formalised at the beginning of July this year, will expand the logistics provider’s service offering in Germany, Belgium, ...
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FeaturePaccar Parts opens aftersales PDC in Renton
Paccar Parts, the division of truckmaker Paccar that distributes aftersales parts to Kenworth, Peterbilt and DAF truck dealerships around the world, has opened a $32m parts distribution centre (PDC) in Renton, Washington. The 15,000 sq.m facility, which doubles the size of its previously facility, is supplying 76 prime dealers in ...
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Mercedes plans new engine plant in Poland, deepens supply chain in eastern Europe
Daimler has announced it is planning to invest around €500m ($574m) in a new engine plant in Poland, expanding its powertrain footprint and its presence in eastern Europe.The new plant decision followed an earlier announcement that the carmaker would invest a further €560m to expand its plant in Kecskemét, Hungary ...
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FeatureSSA México signs definitive contract with Lázaro Cárdenas...
SSA México, a subsidiary of port terminal group Carrix, has finally signed a concession to operate the Terminal Especializada de Automóviles (TEA) car terminal in the Mexican port of Lázaro Cárdenas. The move marks the end of a lengthy legal dispute running since the company was originally awarded the contract ...
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FeatureMagna snaps up Telemotive to expand into electronics
Tier supplier Magna International is to buy Telemotive, a supplier of automotive electronics equipment and services, for an undisclosed sum.Subject to regulatory approval, the deal is expected to close in the second quarter of 2016 and will allow Magna to integrate Telemotive’s five German facilities into its vehicle engineering and ...
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FeatureBLG begins parts handling at Düsseldorf logistics centre
[Updated 6th May] Germany’s BLG Logistics has begun parts handling operations at its new facility at the port of Düsseldorf. The company is currently using 10,000 sq.m of a 32,000 sq.m building to provide logistics services and sub-assembly for Daimler. Its services there include vehicle marshalling, loading and unloading of ...
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FeatureComponent 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 ...