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All News articles – Page 128
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FeatureJLR threatens to pull investment over ‘bad’ Brexit
Jaguar Land Rover (JLR) has warned its plans to invest £80 billion ($105 billion) over the next five years in the UK are in jeopardy, due to continuing uncertainty over the terms of the nation’s exit from the EU.Brexit could erode more than £1.2 billion from JLR’s bottom line each ...
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FeatureOpening up the angles for multimodal
Now in its 15th year, BMW’s joint venture with Brilliance China Automotive – BMW Brilliance Automotive (BBA) – is adopting a more multimodal approach to its outbound vehicle logistics in the country, and there are a number of reasons for that, according to the company’s vice-president of logistics and strategy, ...
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FeatureVW realigns global components business
Volkswagen is reorganising its global components business into a separate corporate division in an effort, it said, to improve efficiency, become more flexible and prepare for growth in electric vehicles. Group Components will sit under the aegis of Volkswagen AG alongside VW Passenger Cars and VW Commercial Vehicles.“We are preparing ...
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FeatureMercedes-Benz to expand South African plant
German manufacturer Mercedes-Benz Cars is to spend €600m ($697m) on the assembly of the next generation of C-Class models at its plant in East London, South Africa.Factory space for passenger vehicle production will increase by two-thirds and include new logistic warehouses, paint and body shops and an upgrade of the ...
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FeatureGefco and Bergé join forces in Spain
Gefco is setting up a joint venture with Spanish logistics provider Bergé to strengthen finished vehicle operations in Spain. The new company will be called Bergé Gefco and combine the fleets and resources of both companies’ divisions in the country to offer customers a complete range of finished vehicle services, ...
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FeatureSkoda reveals plans for Indian market
From left to right: Skoda member of the board for sales and marketing, Alain Favey; CEO Bernhard Maier; managing director of Skoda Auto India, Gurpratap Boparai; and member of the board for finance and IT, Klaus-Dieter SchürmannIts parent company VW Group is investing €1 billion between 2019 and 2021 ...
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FeatureRussian carriers alarmed over rising fuel prices
The average price for gasoline in Russia has increased by 8% during 2018, sparking strong concerns amongst logistics providers over rising costs at a time when many are suppressing service charges in the interest of retaining business.Fuel prices are on the rise because of a number of factors, including the ...
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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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FeatureTrump’s tariffs attract worldwide disapproval
Carmakers, parts manufacturers, trade bodies and the European Union have all sharply criticised the Trump administration’s proposed import tariffs on vehicles and auto parts.Hinting at potential supply chain disruption, Toyota said: “There is no vehicle [made] in the United States … that is sole-sourced from exclusively US parts and components.”The ...
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FeatureBCA signs record five-year deal with BMW
BCA Marketplace has agreed a five-year contract with BMW UK to provide a range of remarketing services.The agreement will see the used vehicle group de-fleet, refurbish, inspect and collect, inventory manage and remarket on behalf of the carmaker and its leasing business, Alphabet. The value of the deal has not ...
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FeatureGearing up for growth
Following two years of strong headwinds, there is now rising optimism for the UAE’s automotive sector. According to Fitch Group company BMI Research, 2018 will see a 4% growth in new vehicle sales in the UAE. Its forecast for the MENA (Middle East and North Africa) region is for a ...
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FeatureFlooding in Celaya halts Honda assembly
Flooding has stopped production at Honda’s plant in Celaya, Mexico. The carmaker confirmed that floodwater had gotten into the plant on June 28 (Thursday) because of an overflow of a channel connected to the Laja River.“Honda decided to suspend all production from the evening of June 28,” said the carmaker. ...
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FeatureTime to fall in line
In April 2016, a fleet of trucks – some of which had driven almost 2,000km – arrived in the Dutch port of Maasvlakte and made modest headlines around the world. A few months later, a three-strong convoy of Volvo trucks hauled three containers on the interstate highway from the port ...
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FeatureDriving intelligent dispatch
After winning a European Startup Prize for Mobility earlier this year, there are growing signs that Hamburg-based Cargonexx is on its way to creating what may be the largest digital transport network in Europe.The German company was set up in 2016 with the explicit mission of improving truck utilisation via ...
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FeatureGebrüder Weiss expands Romanian operations
German logistics provider Gebrüder Weiss has enlarged its base in Sibiu, Romania, to include a logistics terminal with cross-docking hub.“The extension will enable us to meet increasing customer requirements and handle the growing volume of orders,” said general manager Viorel Leca.Last year 605,442 consignments weighing a total of 1.2m tonnes ...
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FeatureGM breaks ground on Michigan parts centre
General Motors has stated construction of a $65m (€56m) parts processing centre (PPC) in Burton, Michigan. The development represents the company’s largest single investment in a US warehousing and logistics facility for almost 40 years and it is being managed by General Motors Customer Care and Aftersales (GMCCA). (left to ...
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FeatureLocation key to Volvo’s latest plant in the US
Sweden’s Volvo Cars has held a plant opening for its first US manufacturing base, near Charleston, South Carolina.The company invested around $1.1 billion (€950m) in the plant, which has an annual production capacity of 150,000 cars a year. The new S60 mid-size sports sedan will be the first model to ...
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FeatureTireHub on track to operate in US
Tyre distributor TireHub expects to start serving US customers in the first week of July after co-owners Bridgestone Americas and Goodyear received clearance for the joint venture.The newly formed company will distribute tyres for passenger cars and light trucks throughout the US, with an emphasis on satisfying growing demand for ...
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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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FeatureRussia on its way to join the global automotive trade war
The Russian government is considering protective duties against US finished vehicles according to Maxim Oreshkin, Russia’s economic development minister (pictured). Oreshkin held a press conference in Moscow on June 25 and said the country could introduce duties ranging between 18% and 20% in response to the US decision to raise ...