All News articles – Page 164
-
FeatureEddie Stobart raises £122m in AIM listing
Eddie Stobart Logistics (ESL) has officially begun trading on London’s AIM market after raising £122m ($155m).The company first announced its intention to list last month.The shares were offered at £1.60 a share, valuing the company at £572.7m on admission. In total 245m shares were sold for £392m, with existing shareholders ...
-
FeatureGestamp announces Brazil plant to supply FCA
Component manufacturer Gestamp has announced completion of its seventh plant in Brazil with the construction of a metal-stamping line in Betim.It will supply Fiat Chrysler’s (FCA) local facility in the region, which produces Fiat Palio and Siena models.The Spain-based company is already supplying General Motors, Volkswagen, Renault Nissan, PSA, Honda, ...
-
FeatureA new look (but it’s what’s inside that counts)
Whether you’re a regular or new visitor to Automotive Logistics, I wanted to take a moment to introduce you to some changes and new features on our website that we hope you’ll enjoy. We think that they both improve our layout and will help you better access and choose from ...
-
FeatureDormant General Motors plant seized by Venezuelan government
General Motors has reported the unexpected seizure of its plant and certain assets in Venezuela by the country’s government.“[General Motors’ Venezolana] plant was unexpectedly taken by the public authorities, preventing normal operations. In addition, other assets of the company, such as vehicles, have been illegally taken from its facilities,” said ...
-
FeatureCloud-based system helps Suzuki GB move to real-time ETAs
Sovereign Business Integration Group has signed a five-year deal with Suzuki in the UK to provide the company with its EML cloud-based logistics management system.The UK-based company’s EML system covers the end-to-end logistics chain and is specifically designed for finished vehicle logistics.As a result, Suzuki dealers in the UK will ...
-
FeatureReport suggests US is reviewing its trade deal with South Korea
US vice-president Mike Pence (pictured) has indicated during his visit to South Korea that the trade deal between the two countries is under review and could be reformed, according to a Reuters report.The deal, which came into effect in 2012, has had a positive impact on US vehicle exports to ...
-
FeatureEvolution Time Critical opens new office in Atlanta
Emergency logistics services provider, Evolution Time Critical, has opened a US office in Atlanta, Georgia. The company said it had decided to put an office there in response to increasing demand from the automotive industry for its services and cited North America’s high vehicle production levels, which are expected to ...
-
FeatureAudi’s first quarter sales in China drop 22% after dealer dispute
Audi’s dealer dispute in China seems to have affected the company’s first quarter sales figures, which were released this week and showed a 22.1% year-on-year drop in its biggest market during the first three months of 2017.The company’s dealers in the country have expressed opposition to the OEM’s plans to ...
-
FeatureGrimaldi launches ro-ro service between Mediterranean and Mexico
Italian ocean ro-ro provider, Grimaldi Group, has set up a service between Italy and Mexico dedicated to carrying vehicles, rolling freight and project cargo.The service connects the Italian ports of Civitavecchia and Savona with the port of Veracruz in Mexico. It will run via Turkey’s port of Gemlik and ports ...
-
FeatureCordero leaves FMC to lead the Port of Long Beach
Mario Cordero (pictured, right) has been appointed as executive director of the Port of Long Beach in California, the second busiest container port in the US.He is leaving his role as a Federal Maritime Commission member having served as chairman for almost six years until January, when US president Donald ...
-
FeatureFCA opens $12.2m Mopar parts distribution centre in Winchester
Fiat Chrysler Automobiles (FCA) in the US has invested $12.2m to open a parts distribution centre (PDC) in Winchester, Virginia. The 37,000 sq.m facility will handle 9.2m items annually across 50,000 part numbers and serve 200 dealers, mainly in the Mid-Atlantic region.The 37,000 sq.m facility is the first of two ...
-
FeatureGroupe CAT takes full ownership of Carlson Vehicle Transfer
Groupe CAT has announced the latest acquisition in its consolidation spree, buying the 50% in UK firm Carlson Vehicle Transfer (CVT) that it did not already own for an undisclosed sum.The stake was acquired from founder Carl Richardson, who will still provide support to the company, according to a CAT ...
-
FeatureDHL Supply Chain to handle in-plant logistics for JLR in Brazil
DHL Supply Chain has been awarded the contract to manage in-plant logistics at Jaguar Land Rover’s (JLR’s) new manufacturing plant in Itatiaia, Brazil (pictured).JLR opened its 750m reais ($215m) manufacturing facility last June. It is the first wholly-owned manufacturing plant the carmaker has set up outside of the UK (its ...
-
FeatureTop moves at Nissan’s logistics business in the US
[Updated April 27] There has been an executive shift around at Nissan Motor in the US, following Scott Mize’s move to become senior general manager at Nissan Trading Corporation USA.Mize (pictured) was senior manager of purchasing, transportation and logistics at the carmaker, a role he held for almost two years, ...
-
FeatureRenault steps up exports of vehicles and components from Russia
Renault is looking to conduct its first exports of Russian-made vehicles to six Gulf countries this year, Andrey Pankov, director general of Renault Russia, has revealed.Speaking at a press conference in early April, Pankov said the company was continuously seeking to develop exports of both finished vehicles and components to ...
-
FeatureMcLaren Automotive appoints Ludmann as new COO
Jens Ludmann (pictured) has been named as McLaren Automotive’s first chief operating officer since Mike Flewitt, the supercar maker’s current CEO, was promoted from the position almost three years ago.Ludmann was most recently executive vice-president at FEV, the powertrain and vehicle engineering company, where he was responsible for the company’s ...
-
FeatureBorgward edges closer to Bremen return with assembly site deal
Andreas Heyer (left), chairman of Bremen Invest, and Ulrich Walker, CEO of Borgward GroupGerman car brand Borgward and Bremen Invest have signed a deal over the purchase of a future assembly site in the German city.The memorandum of understanding covers a 140,000 sq.m piece of land in the Cargo ...
-
FeatureIn-house competence propels Volvo and Continental’s logistics
The inbound supply chain in China continues to develop at a fast pace, and getting to grips with the complexity around supply locations, regulations and production shifts is a significant task. For some manufacturers, including Volvo Cars and tier one supplier Continental, increasing in-house management resources and tools have been ...
-
FeatureChina conference: Brilliant strategy positions BMW JV for change
BMW’s joint venture in China with Brilliance Auto, BMW Brilliance, has said it does not expect to feel any impact from the ongoing changes to maximum car carrier dimensions in the country – even though it has seen a huge increase in vehicle production and sales volumes.That is because the ...
-
FeatureTurkey’s auto sector grows in the midst of political turmoil
Representatives of Turkey’s automotive industry and the government’s investment support agency met in London, UK, last month to discuss the challenges the country faces in getting back on track toward production and export growth, following a politically turbulent two years. Despite the disruption, it seems the Turkish automotive sector is ...