All China articles – Page 13
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ArticleChanging Chinese market boost for Sorl
The growing number of OEM warranties expiring in China from earlier new vehicle sales is proving to be a boon for auto parts maker Sorl.The need for replacements helped generate higher aftermarket sales for the company, which is based in Zhejiang province, eastern China.Sales revenue from the domestic aftermarket went ...
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ArticleBattling a perfect storm
The finished vehicle sector in North America is dealing with a lot of challenges at the moment. There is a basic imbalance in the number of vehicles that the US imports and exports with its global trading partners, which contributes to ongoing problems involving congestion and limited capacity on hinterland ...
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ArticleAfter Marchionne, what next for Fiat Chrysler?
Sergio Marchionne (pictured), former CEO at Fiat Chrysler Automobiles (FCA), was a remarkable man. He frequently dominated the automotive industry’s headlines and news agenda over the last decade or so and his recent passing away robs the industry of one of its few stars. In an age when corporate suits ...
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ArticleBAIC opens compact SUV plant in South Africa
Chinese vehicle-maker BAIC has officially opened its 11 billion rand ($834m) assembly plant in South Africa, which will start making the X25 compact SUV from imported semi-knockdown (SKD) kits in the fourth quarter of this year. BAIC has been exporting the vehicle to South Africa from China since 2017.The plant, ...
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ArticleVehicle makers grapple with cost of trade wars
Carmakers are faced with shifting production, higher purchase costs, lower profits and the possibility of raising the price of their products as a consequence of the continuing global trade conflict.Volvo Cars of Sweden is shifting production of its XC60 SUV for the US market from China to Europe to avoid ...
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ArticleYusen buys share in JV with NYK and Anji
Yusen Logistics has bought a 20% share in the existing joint venture between its parent company NYK and China’s Anji Automotive Logistics for an undisclosed sum. Yusen bought the 20% share from NYK, which previously held 49% of the company. A spokesperson for the company said that the decision to ...
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ArticleEEU hits vehicle makers with revised rates
Carmakers with assembly plants in Russia, Kazakhstan and Belarus are now unable to export finished vehicles duty free within the Eurasian Economic Union (EEU), because the localisation rate has increased.Previously, almost all Russian carmakers, as well as those foreign carmakers with plants in the region, were registered on the EEU’s ...
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ArticleBMW set to raise stakes in China
BMW is reported to be increasing its 50% stake in Brilliance China Automotive, making it the first foreign carmaker in the country to take majority control of a joint venture. Newspaper reports, including the China Daily and South China Morning Post, cite comments from premier Li Keqiang during a visit ...
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ArticleChinese EV battery maker forced to stop output
A reduction in Chinese government subsidies to electric vehicle (EV) manufacturers has forced battery maker Shenzhen OptimumNano Energy to cease operations for six months.The majority of staff have been told to take paid leave for the rest of the year from July 1. Meanwhile, the government is reported to be ...
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ArticleAfrica awakes
Africa’s vehicle production and distribution sector still trails much of the rest of the world, but the signs are that this is beginning to change
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ArticleKuehne + Nagel expands services for BMW
Kuehne + Nagel and BMW have expanded their partnership in Europe and Asia.In a phased development, the logistics company set up a regional distribution centre in Kleinaitingen (Germany) last April and one in Słubice (Poland) a month later. It is also establishing dealer distribution centres in Beijing and Shanghai, China, ...
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ArticleHigher tariffs to hit Daimler’s earnings
Increased Chinese import duties on US-made cars and other setbacks have forced Daimler to lower earnings expectations for this year, despite record sales.“The decisive factor is that at Mercedes-Benz Cars fewer-than-expected SUV sales and higher-than-expected costs – not completely passed on to the customers – must be assumed because of ...
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ArticleBrexit’s unaccustomed burdens
Nine months before the UK’s planned departure from the European Union, uncertainty over customs arrangements is emerging as one of the major concerns of manufacturers – perhaps just as much, if not more so, than the prospect of tariffs and taxes. The risks and impacts from delays in logistics flows ...
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ArticleAutomotive in the firing line as Trump extends tariffs
Cars and automotive parts are becoming enmeshed in intensifying global trade wars, with the automotive sector facing increased shipping, supply, manufacturing and cost uncertainty for some time to come.The catalyst has been the US president imposing import tariffs of 25% on steel and 10% on aluminium, two key input materials ...
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ArticleBBA expands battery factory in China
Seven months after opening a battery factory in north-east China, BMW Brilliance Automotive (BBA) has already started enlarging the facility.The expansion by the joint venture between BMW and Brilliance China Automotive Holdings will enable production of more powerful batteries for fifth-generation eDrive technology to be used in the fully-electric BMW ...
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ArticleKerry Logistics acquires SAS
Third-party logistics provider Kerry Logistics has further extended its reach into the EMEA market with the acquisition of South African-based freight forwarder, Shipping and Airfreight Services (SAS).In a statement, Kerry highlighted the importance of South Africa as a manufacturing hub for the global automotive market.“South Africa’s economy has an important ...
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ArticleChina cuts import tariffs on vehicles and parts
China’s Ministry of Finance has announced that import duty on foreign-made cars will fall from 25% to 15% with effect from July 1, with tariffs on automotive parts dropping from around 10% to 6%.The move delivers on a promise by China’s president Xi Jinping last month that the country would ...
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ArticleGefco: Full of get up and go
French transport and logistics provider Gefco started 2018 with an announcement in Paris that it was looking to cooperate more closely with its partners and customers. At the same time, the company said it was looking for international growth and new business as it continued to move beyond the traditional ...
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Article
Grimaldi añade seis naves híbridas a su flota
Shipper Grimaldi Group adquirirá seis naves ro-ro híbridas para aumentar y modernizar su flota. El pedido valorado en $400m ha sido adjudicado astillero chino Jinling.La entrega de las naves está prevista para comenzar en 2020, y tendrán capacidad para transportar 7,800 metros lineales de unidades rodantes, el equivalente a 500 ...
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ArticleContinental extends inbound deal with Kerry Logistics
Kerry Logistics has secured a four-year extension to its contract with the tyre-making division of tier supplier Continental.The third-party logistics provider’s division in Germany will handle international ocean freight export of tyres and provide logistics services for Continental’s procurement of raw materials to production sites worldwide, mainly from Asia.Kerry Logistics’ ...