News

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. …

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. …

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

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. …

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. …

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

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.  …

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. …

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

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

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). …

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

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. …

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. …

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 …

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. …

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