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All News articles – Page 154
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FeatureReport warns of costs and jobs threat from border adjustment tax
A new report by the Boston Consulting Group has estimated a border adjustment tax, encapsulated within the broader corporate tax reform being pursued by US politicians, would result in US carmakers and suppliers paying $34 billion in annual import taxes while recouping only just over a third of that on ...
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FeatureEvolution Time Critical expands Atlanta control centre
UK-based time-sensitive logistics services supplier, Evolution Time Critical (ETC), has expanded its North American control centre in Atlanta, adding what it terms “significant numbers” of additional staff in response to growing demand from the automotive sector.The Atlanta, Georgia office was only established late last year. Since then, demand for ETC’s ...
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FeatureUK to invest in battery technology as it targets 2040 diesel and petrol ban
UK business and energy secretary Greg Clark (pictured) has announced the first phase of a £246m ($320m) government investment in battery technology in the country. Known as the Faraday Challenge, the four-year investment round is a part of the government’s Industrial Strategy.The investment was revealed just a day before the ...
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FeatureFraunhofer IIS to test new multi-directional RFID antenna
The Fraunhofer Institute for Integrated Circuits (IIS) has invited applications from companies interested in helping it test a new, multi-directional RFID reader antenna that it believes will provider higher read range and accuracy than current antennas in difficult environments.The Multibeam Antenna, which features nine directional beams, can be used to ...
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FeatureElectric Mini to be built in UK with drivetrains from Germany
BMW has confirmed it will build the fully electric version of the Mini at its existing plant in Oxford in the UK – although the drivetrain will be manufactured at the OEM’s e-mobility centre at the Dingolfing and Landshut plants in Germany.The BMW Group currently produces electrified models, including hybrids, ...
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FeatureJaguar Land Rover’s first overseas engine plant opens in China
Jaguar Land Rover (JLR), the Tata Motors subsidiary, has opened its first overseas engine plant in Changshu, China, as part of its joint venture with local car company, Chery.The plant will initially build the new Ingenium 2.0-litre, four-cylinder engine at a rate of 130,000 units a year. The production line ...
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FeatureRussian automotive industry concerned by rising Platon toll rate
Concerns are growing in the Russian automotive sector about the rising costs of the Platon electronic toll system, Elizaveta Korshunova, head of outbound logistics at Gaz Group, revealed at the recent Automotive Logistics Russia summit.Korshunova said the toll had already raised transport costs for finished vehicles in Russia by nearly ...
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FeatureStena Line to introduce larger ships on Rotterdam-Harwich route
Stena Line plans to replace the two vessels currently servicing its Rotterdam to Harwich route with two larger ships, due to increased demand.The ro-ro ships Capucine and Severine, which operate twice daily from Europoort in the Netherlands to Harwich in the UK, will be replaced by the larger vessels MV ...
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FeatureGentry-Stuenkel to lead supply chain at FCA US; Brazeau takes on combined logistics role
Wendi Gentry-Stuenkel (pictured) is now head of supply chain management at FCA – North America, assuming the company’s top supply chain role in the region with responsibilities for volume planning and logistics as well as a number of other cross-functional tasks. She replaced Steve Beahm with effect from June 30th, ...
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FeatureLiberty House buys parts supplier Amtek UK out of administration
Liberty House has acquired the assets of manufacturer Amtek Aluminium Castings and King Automotive Systems (Amtek UK) from administrators PWC in a rescue deal for an undisclosed sum.Amtek UK, a cast aluminium engine and components supplier to carmakers, has two plants in the West Midlands and one at Witham, in ...
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FeatureNew UK customs system may not be ready in time for Brexit
The UK Audit Office has warned in a report this week that while progress has been made in designing and developing the new Customs Declaration Service (CDS), there is a risk its full functionality and scope will not be in place by the time the UK leaves the EU in ...
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FeatureUK extends financial support for export trade to supply chain SMEs
The UK’s Department for International Trade (DIT) has said it will provide government-backed financial support to supply chain companies involved in exporting goods from the country, including those from the automotive sector.The UK’s export credit agency, UK Export Finance (UKEF), which works alongside the DIT, plans to help both exporters ...
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FeatureChinese consortium bids $11.6 billion for Global Logistic Properties
Singapore’s Global Logistic Properties (GLP) has received a S$16 billion ($11.6 billion) takeover offer from a consortium of Chinese investors, in what would be the biggest private equity buyout of an Asian company by enterprise value.GLP, which owns and operates a global portfolio of 55m sq.m of space, announced a ...
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FeatureFedEx admits TNT hasn’t fully recovered from June’s cyber-attack
Global courier company FedEx has admitted that its subsidiary TNT Express is continuing to suffer from the effects of last month’s cyber-attack. The firm is still processing some transactions manually, it said, and some data may never be fully recovered.“All TNT depots, hubs and facilities are operational and most TNT ...
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FeatureKumar replaces Ramakrishnan as head of SCM at Honda Cars India
PR Ramakrishnan (pictured) has retired from his role as general manager of supply chain management at Honda Cars India after almost 10 years in the company.Honda Cars India has not officially confirmed it but Automotive Logistics understands his replacement to be Udit Kumar, who moves from his role as divisional ...
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FeatureNafta document shows US wants to retain tariff-free trade
A summary of the US’s objectives in upcoming negotiations over the North American Free Trade Agreement (Nafta) has highlighted a clear desire to retain tariff-free trade arrangements with Canada and Mexico.Though the summary highlights a reduction of the country’s two large trade deficits with its North American partners as the ...
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FeatureMexican ports report boom in vehicle traffic
Mexico's ports saw a 42% increase in finished vehicle traffic in the first five months of this year, figures from the country's Transport & Communications Ministry (SCT) have shown.During the period, total finished vehicle throughput reached 667,881 units, compared to just 470,350 units in January-May 2016.Ports in the Gulf of ...
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FeatureMercedes-Benz names Untertürkheim as fourth battery production facility
Mercedes-Benz has revealed that its Untertürkheim plant in Germany will be its fourth global battery manufacturing facility.Currently, the six-facility plant in the Neckar Valley, near Stuttgart, produces internal combustion engines, transmissions and axles. The OEM already plans to develop the plant to manufacture electric vehicle powertrain components, however, including electric ...
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FeatureMichelin opens £10m distribution centre in Stoke-on-Trent
Michelin has opened its £10m European distribution centre (EDC) in Stoke-on-Trent in the UK.The 53,500 sq.m facility, which will also host a national distribution centre (NDC) for Michelin’s tyre service company, ATS Euromaster, has been redeveloped to include 26 loading bays.Together, the two sites can handle more than 5m tyres ...
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FeatureKuehne + Nagel fights off margin pressure in the first half of 2017
Earnings at Kuehne + Nagel (KN) in the first half of 2017 remained unchanged compared to the last year at 356m Swiss francs ($372m) – despite an 8.2% increase in net turnover to 8.8 billion Swiss francs. Gross profit during the period rose 3.7% to 3.38 billion Swiss francs.The company’s ...