News

German electric-vehicle sales are projected to drop for the first time in eight years as signs of a slump in the EV market are spreading. …

Despite geopolitical unrest and economic slowdown with inflation and rising interest rates, the volumes increased in most cargo segments in the Port of Gothenburg in 2023. …

Stellantis will start volume production in Europe of large and midsize hydrogen fuel cell vans, expanding its range of zero-emission commercial vehicles. …

The multi-year shipping contract with one of the world’s leading construction and mining equipment manufacturers has a duration of three years, plus a two-year extension option. …

Cargo shipments between Asia and Europe are being disrupted by continued attacks on vessels in the Red Sea, and that's starting to have an economic impact. …

Toyota Motor, said it would suspend shipments of some models including the Hilux truck and Land Cruiser 300 SUV after finding irregularities in certification tests for diesel engines developed by affiliate Toyota Industries. …

Hyundai has signed a deal to sell its two Russian plants, making the South Korean company the latest global automaker to exit Russia since the Ukraine conflict began. …

Polestar said it plans to cut around 450 jobs globally, about 15% of its total workforce amid "challenging market conditions." …

Since the end of 2023, major carriers to decide to suspend voyages through the Suez Canal due to ongoing attacks led by Houthi rebels in the Red Sea. …

Sallaum Terminal is glad to announce that it became a member of ECG at the end of 2023. Sallaum Terminal operates in one of the world’s largest Roll-on/Roll-off (RoRo) ports; Port of Antwerp-Bruges.  …

Norway's traffic safety regulator said it had found no basis for ordering a recall of Tesla's S and X Model vehicles following an investigation into a suspension safety issue. …

Tesla CEO Elon Musk said that Chinese automakers will "demolish" global rivals without trade barriers, underscoring the pressure the US electric vehicle market leader faces from rivals such as BYD, who are racing to expand world …

Italian Prime Minister Giorgia Meloni blasted Stellantis for its efforts to move car production to lower-cost countries at a time when the auto industry is struggling to shift to electrification. …

Hyundai predicted slower sales growth this year due to weak demand and economic uncertainties such as interest rates and inflation, signaling further challenges for the auto industry. …

EU to produce 500,000 fewer electric vehicles than expected two years ago …

The Poseidon Principles for Marine Insurance, an initiative backed by the Global Maritime Forum to drive decarbonisation of international shipping through transparency, has issued its second annual disclosure report. …

Volvo and its parent Geely may need to take Polestar private, according to Bernstein, which sees shares in the struggling electric-car maker declining further amid intense competition. …

Automakers are already changing their strategic course but still have a lot of ground to gain to complete the transition to software-defined vehicles (SDVs). …

Sea-Intelligence has predicted that maritime companies’ Carbon Dioxide emissions would rise as a result of the ongoing Red Sea crisis. …

(This Jan. 23 story has been refiled following clarification from a Lucid official and adds the word 'solely' in paragraph 27) …