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Hyundai finalizes Russia exit as local company buys its two car plants

Automotive Industry Automotive News Europe - 2024-01-26

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. …

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Red sea crisis puts further pressure on freight rates and equipment availability

News from Brussels CLECAT - 2024-01-26

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. …

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Polestar to cut around 450 jobs globally

Automotive Industry Automotive News Europe - 2024-01-26

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

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Norway's traffic regulator says it will not recall Tesla cars

Automotive Industry Automotive News Europe - 2024-01-25

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. …

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Tesla CEO Musk says Chinese EV companies will 'demolish' rivals without trade barriers

Automotive Industry Automotive News Europe - 2024-01-25

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 …

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Italy's Prime Minister Meloni picks fight with Stellantis on car production

Automotive Industry Automotive News Europe - 2024-01-25

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. …

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HOW MARINE INSURERS ARE DRIVING TRANSPARENCY AND DECARBONISATION ACROSS INTERNATIONAL SHIPPING

Maritime and Ports Poseidon principles - 2024-01-25

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. …

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CLEPA DATA DIGEST #12 – Green mobility transition will require significant increase in investment and innovation

News from Brussels CLEPA - 2024-01-25

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

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Sallaum Terminal has joined ECG

Members Corner Sallaum Terminal - 2024-01-25

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.  …

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Hyundai projects slower growth in 2024 on weak demand, macro uncertainties

Automotive Industry Automotive News Europe - 2024-01-25

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. …

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Lillo Bridge renovation receives European support

Members Corner Port of Antwerp-Bruges - 2024-01-24

Port of Antwerp-Bruges and Infrabel will receive €23 m from the Connecting Europe Facility (CEF) for the renovation of the Lillo Bridge. …

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Sharp surge in shipping emissions predicted amid Red Sea crisis

Maritime and Ports Port Technology - 2024-01-24

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

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Geely, Volvo may need to take Polestar private, Bernstein says

Automotive Industry Automotive News Europe - 2024-01-24

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. …

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How the software-defined vehicle will address overcapacity, bolster efficiency

Automotive Industry Automotive News Europe - 2024-01-24

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). …

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Riyadh's multi-billion EV dream risks crashing into reality

Automotive Industry Reuters - 2024-01-24

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

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Review of 2023: Energy Transformation Is Underway

Members Corner Nantes Port - 2024-01-24

On 19 January 2024, Nantes ‒ Saint Nazaire Port presented its Review of 2023 and Future Prospects to the media. This was the opportunity to make a mid-term progress report on the strategy adopted in 2021. …

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Most cars on EU roads emit same carbon levels as 12 years ago: report

News from Brussels EURACTIV - 2024-01-24

EU regulation failed to meaningfully reduce the level of carbon emissions from combustion engine vehicles over the last 12 years, making the uptake of zero-emission vehicles imperative to the bloc’s climate goals, a new audit has found. …

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Exclusive: Tesla plans to build new electric vehicles in mid-2025

Automotive Industry Reuters - 2024-01-24

Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed "Redwood" in mid-2025, according to four people familiar with the matter, with two of them describing the model as a comp …

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Shipbuilders ask for EU help on Chinese subsidies

News from Brussels POLITICO - 2024-01-23

European shipbuilders want the European Commission to tell them what it plans to do to tackle Chinese subsidies for rivals that have undermined the European industry for years. …

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EM Logistics joins ECG

Members Corner EM Logistics - 2024-01-23

EM Logistics is proud to announce that it has joined the rank of ECG member companies in December 2023. …

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