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Rivian, Lucid's 2024 production targets disappoint as EV demand wanes

Automotive Industry Reuters - 2024-02-22

Electric vehicle startups Rivian (RIVN.O) and Lucid (LCID.O) forecast 2024 production well below analyst estimates on Wednesday as persistently high borrowing costs keep consumers from buying relatively pricier battery-pow …

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Slumping used EV prices force automakers to repay leasing firms

Automotive Industry Automotive News Europe - 2024-02-22

Leasing companies are demanding concessions from EV makers, including agreements that manufacturers will buy back vehicles, to protect against further erosion in the $1.2trn second-hand car market. …

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ETF and ETUI Train Logistics Union Reps on AI and Collective Bargaining Challenges

Land transportation ETF: European Transport Worker's Federation - 2024-02-22

The European Transport Workers’ Federation partnered with the European Trade Union Institute (ETUI) to deliver a pilot training on the impact of Artificial Intelligence (AI) and digitalization in the logistics sector for union representa …

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Rotterdam on track to becoming truly sustainable port

Members Corner Offshore Energy - 2024-02-22

Despite a slight decline in total cargo throughput, 2023 was a year of success for the Port of Rotterdam which is making significant strides in becoming more sustainable. …

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EV sector grapples with layoffs, production cuts and altered plans

Automotive Industry Reuters - 2024-02-22

A global slowdown in electric-vehicle demand is rippling through the industry, costing jobs and leading to changes in strategic plans, layoffs and production cuts, suggesting pain in the near term could slow the transition away from gaso …

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Shipping in the Year of the Dragon: Containers

Maritime and Ports Splash 247 - 2024-02-21

The Year of the Dragon, the most auspicious of animals in the Chinese zodiac, is upon us. What does the following year have in store for shipping’s fortunes? …

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Amid EV shift, German supplier jobs forecast to fall by a quarter by 2030

Automotive Industry Automotive News Europe - 2024-02-21

Suppliers will continue to have a harder time than automakers in the coming years, especially as the trend towards insourcing will accelerate among automakers. …

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Tesla faces rejection from locals for plans to expand German site

Automotive Industry Automotive News Europe - 2024-02-21

Tesla want to double the site's capacity to 100 gigawatt hours of battery production and 1m cars per year. …

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Extraordinary G7 Transport Ministerial welcomes EU maritime operation to safeguard Red Sea maritime security

News from Brussels European Commission - 2024-02-21

On Wednesday 21 February 2024, the G7 Transport Ministers expressed strong condemnation of the attacks carried out by the Houthis against commercial vessels and navy ships in the Red Sea and Gulf of Aden. …

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The sound economic results of the Port of Barcelona guarantee the investments required for it to become a sustainable and innovative hub

Members Corner Port of Barcelona - 2024-02-21

Financial year 2023 closed with turnover of €189m, cash flow of 101m and an 18m reduction of bank debt. The Port of Barcelona continues to be the principal contributor to the general system of State Ports. …

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