All News articles – Page 140
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FeatureSchaeffler sets up separate aftermarket division
Component supplier Schaeffler is splitting its automotive aftermarket business into a separate division to cope with increased demand, following what it called a “prolonged period of growth”.From January 1st, the newly created Automotive Aftermarket division will sit alongside the established Automotive OEM and Industrial divisions.“These steps will allow us to ...
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FeatureBMW i Ventures and Penske invest in flexible car ownership app
Investors including BMW i Ventures and Penske Automotive Group have participated in a funding round for the flexible car ownership mobile app, Fair, which attracted nearly $1 billion in offers from investors.Fair allows customers to get approved for a monthly payment for a car on their phone by scanning their ...
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FeatureLatest Ford reshuffle puts Drake at helm of global purchasing
Lisa Drake (pictured) will replace Birgit Behrendt from January 1st as head of global powertrain purchasing and global purchasing operations at Ford, as part of a number of executive changes announced by the carmaker this week.Drake will be responsible for all powertrain purchasing operations worldwide, as well as global operational ...
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FeatureCar production ends in Australia as final Holden rolls off the line
Just weeks after Toyota produced its final vehicle in Australia, General Motors (GM) has held a ceremony to mark the end of production at its Elizabeth plant in South Australia.GM’s move marks the end of car manufacturing in Australia, after OEMs decided that manufacturing there was no longer cost-effective.In 69 ...
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FeatureEngine maker Cummins buys electric drive specialist Brammo
US-based truck engine maker Cummins has acquired the assets of Brammo, an electric drive and battery specialist.“To be a leading provider of electrified power systems just as we are with diesel and natural gas driven powertrains, we must own key elements and subsystems of the electrification network,” said Tom Linebarger, ...
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FeatureNorthvolt picks Skellefteå in Sweden as home for battery factory
Northvolt has announced a partnership with the two Swedish municipalities Skellefteå and Västerås for the establishment of Europe’s largest lithium-ion battery manufacturing plant.After an initial assessment of eight Swedish and two Finnish municipalities, Northvolt narrowed its choice down to Västerås and Skellefteå. The company has since decided to base activities ...
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FeatureDriver shortage the number one concern for road carriers in ATRI survey
The shortage of truck drivers in North America has climbed six places to come top of the list of concerns in a survey into critical issues facing the sector, conducted by the American Transportation Research Institute (ATRI). The results were released at this week’s 2017 American Trucking Association (ATA) Management ...
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FeatureDB Cargo CEO Jürgen Wilder announces his resignation
Dr Jürgen Wilder (pictured) has resigned as CEO of DB Cargo and will leave the company at the end of October. He has simultaneously withdrawn his interest for the role of board member at DB Freight Transport and Logistics."In the light of the current debate [over who would become board ...
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FeatureOperations get underway at Ekol’s Yalova ro-ro terminal
Ekol Logistics has started processing cargo through its Yalova ro-ro terminal in north-west Turkey, following an investment of €40m ($47m).The first shipment of freight was sent to the northern Italian port of Trieste aboard Alternative Transport’s ro-ro vessel Qezban. Ekol has a 65% stake in Europa Multipurpose Terminals, which handles ...
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FeatureWehner sustituirá a Oevermann en Hellmann Automotive Logistics
Martin Wehner (en la imagen, a la izquierda) ha sido designado director de Hellmann Automotive Logistics después de la retirada de Bernd Oevermann (derecha), un veterano con más de 30 años en la empresa y fundador de Hellmann Automotive Logistics.Wehner asumirá el cargo el 31 de octubre y lleva trabajando ...
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Volvo planeja planta na China como parte do plano de desenvolvimento da Polestar
O Volvo Car Group e sua empresa mae, Geely, formaram um empreendimento conjunto para investir 5 bilhões de renminbi (US$753 milhões) no desenvolvimento da marca de veículos elétricos Polestar, incluindo a construção de uma fábrica em Chengdu, China.No início deste ano, a Volvo disse que transformaria a marca de desempenho ...
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FeatureFord EcoSport production starts in Romania
The first EcoSport compact SUV to be produced at Ford’s Craiova plant in Romania rolled off the line this week, following a €200m ($235m) investment.The company said the decision to build the model on the continent rather than continue to import it from its plant in Chennai, India, would help ...
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FeatureVolvo to build plant in China as part of Polestar development plan
Volvo Car Group and its parent, Geely, have formed a joint venture to invest 5 billion renminbi ($753m) into developing the Polestar electric vehicle brand, including the construction of a manufacturing plant in Chengdu, China.Earlier this year, Volvo said it would turn the performance mark Polestar into a new, separately ...
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FeatureKuehne + Nagel expands Eurasia Express services with rail to Europe
Kuehne + Nagel (KN) has expanded its Eurasia Express rail service to take shipments between China, South Korea and other Southeast Asian countries to Europe. It said its service from Changchun in northern China, which connects weekly to Hamburg in Germany, would be attractive to automotive customers, and that the ...
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FeatureIAAF highlights competition concerns in the digital car era
The UK automotive aftermarket is the fourth largest in Europe and generates revenue of £21.6 billion ($28.7 billion), contributing £12.5 billion to the UK economy, according to figures compiled by analyst Frost and Sullivan in association with the Society of Motor Manufacturers and Traders (SMMT). The non-franchise sector accounts for ...
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FeatureEquinox production resumes at GM Ingersoll site as strike ends
Production of the Chevrolet Equinox at GM Canada’s CAMI site in Ingersoll recommenced late on Monday October 16th after a new labour agreement was reached with union Unifor, bringing a month-long strike by its members to an end.The strike, which began on September 17th, was called after the previous agreement ...
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FeatureWehner to replace Oevermann at Hellmann Automotive Logistics
Martin Wehner (pictured, left) has been appointed as the new head of Hellmann Automotive Logistics following the retirement of Bernd Oevermann (right), a 30-year company veteran and founder of Hellmann Automotive Logistics.Wehner, who takes over on October 31st, has worked for Hellmann Worldwide Logistics for 15 years.He began his career ...
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FeatureGenuine Parts moves into European aftermarket with AAG buyout
North American aftermarket parts distributor Genuine Parts Company is moving into the European region with the buyout of Alliance Automotive Group (AAG) for $2 billion.AAG supplies the aftermarket network in France, Germany and the UK and is the second largest parts distributor in Europe with 1,800 outlets. Its brands include ...
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FeatureGM and its supplier network to invest $500m in Argentina site
General Motors (GM) has announced a $500m investment at its Alvear plant (pictured) in Sante Fe, Argentina, to develop manufacturing facilities for a new Chevrolet-branded model.Of the total amount to be invested, $300m will come from GM itself and $200m from the company’s supplier network.The company previously spent $740m between ...
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FeatureRussia to provide loans to foreign customers for export purchases
Russia will allocate up to 30 billion roubles ($500m) in the form of soft loans during 2018 for foreign customers willing to purchase finished vehicles made in the country, according to industry and trade minister, Denis Manturov (pictured).The country’s Ministry of Industry and Trade is also planning to create a ...