All Hyundai Kia articles – Page 3
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ArticleGPA expands ro-ro and rail capacity at Brunswick
Georgia Ports Authority (GPA) has announced it will be adding 24 hectares (60 acres) to support vehicle handling at the port of Brunswick over the next 12 months, creating 8,250 car parking spaces. It also said it would be doubling dockside rail capacity for building loads for inland distribution.GPA is ...
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ArticleMexico hopes for a smoother road ahead
After much uncertainty around trade talks between Mexico and the US and the former’s presidential election, Mexico’s economic and political conditions now seem clearer, leaving OEMs and LSPs in the country more optimistic about the future.Mexico, which is the world’s fourth biggest vehicle exporter, has enjoyed strong levels of exports ...
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ArticleManta reports huge increase in vehicle traffic
The port of Manta, in northern Ecuador, has reported a doubling in the volume of finished vehicles it handled over the first seven months of this year to 42,056 units, compared to 20,691 units in the same period last year.Roberto Salazar, president of Manta Port Terminals (TPM) – the private ...
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ArticleStandoff between the US and Turkey raises questions for OEMs
The collapse in the value of the Turkish lira and the political stand-off between Turkey and the US have some potentially serious consequences for the continued growth of the automotive sector in the country.Car and light van production in Turkey has grown steadily in recent years, to around 1.4-1.5m vehicles ...
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ArticleVictor Arabe leaves VW for Nationwide
Victor Arabe (pictured), previously port manager for Volkswagen's business at the port of San Diego, in the US, has moved to Nationwide Auto Services (NAS) as director of business development. NAS provides paint and hail damage repair services but is widening the scope of its operations by working directly with ...
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ArticleRussia's car exports fail to meet forecasts
Russian vehicle exports are behind government expectations, despite being up 3% on last year’s figures. The country exported 34,200 finished vehicles between January and May this year, according to the country’s Federal Custom Service, but due to the logistics subsidies and other state support measures that have been made, the ...
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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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ArticleA rising tide – with political undercurrents
Mexican production and exports continued to grow through 2017, both to the US and globally. At the same time, US sales remained strong and were fed by an increase in imports from established and emerging markets. It is only in Canada that both sales and assembly are showing a decline. ...
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ArticleRussia's fresh focus on exports
In recent years, Russia has put considerable resources into encouraging recovery in its domestic automotive industry. Last year, the federal budget included 62.3 billion roubles ($1 billion) in state aid for carmakers. Such sums have been spent primarily on boosting demand in the domestic market, which has been under pressure ...
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ArticleTrump’s tariffs attract worldwide disapproval
Carmakers, parts manufacturers, trade bodies and the European Union have all sharply criticised the Trump administration’s proposed import tariffs on vehicles and auto parts.Hinting at potential supply chain disruption, Toyota said: “There is no vehicle [made] in the United States … that is sole-sourced from exclusively US parts and components.”The ...
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ArticleWorld Cup better than expected for logistics
The FIFA World Cup 2018 has caused a temporary shortage of transport capacities in certain regions of Russia, with a local rise in tariffs and some delays at customs, according to Irina Novikova, the inland transport department director of Gefco. However, fears of Russia ceasing to import automotive components including ...
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ArticleTrump stamps on Iran’s automotive revival
When Iran reached agreement with the global community in 2015 regarding denuclearisation, resulting in the lifting of sanctions in early 2016, almost immediately Renault and PSA announced their return to the country. Prior to Iran being ostracised, both companies had been active there via joint venture (JV) manufacturing operations, mostly ...
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ArticleSweet home Alabama
One of the most popular songs about the US state of Alabama, ‘Sweet Home Alabama’, opens with the line “Big wheels keep on turning” – and indeed the number doing so is set to grow after the January announcement that a $1.6 billion Toyota-Mazda joint-venture manufacturing plant is scheduled to ...
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ArticleRussia ends era of industrial agreements
Russia is scrapping its Regulation 166 agreement, which allows foreign carmakers building cars in the country to import parts at preferential rates of customs duty. According to the country’s Ministry of Economic Development, the industrial agreement regime will cease on July 1 this year.In a statement posted on its website, ...
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ArticleWaking up to a new dawn
Brazilian vehicle manufacturers are increasingly optimistic that the country can claw its way out of a deep recession. The country is experiencing a period of low inflation, low interest rates, light GDP growth and a tentative recovery in employment, reflected in improving purchasing power and consumer confidence. Moreover, consumers with ...
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ArticleRussia to halt parts imports during Fifa World Cup
Russia is likely to cease importing almost all automotive components and spare parts for two months from May 25 to July 25, as the federal government seeks to impose unprecedented security measures in the country for the duration of the Fifa World Cup 2018 football tournament.The government is planning to ...
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ArticleTrump’s tariffs draw further fire
Further criticism has been voiced over President Donald Trump’s plans to impose import tariffs of 25% on steel and 10% on aluminium from other countries, except Nafta partners Canada and Mexico.Following widespread condemnation of the plans last week – which saw concerns raised by groups such as the Motor & ...
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ArticleTrump’s tariffs condemned at home and abroad
Automotive industry players, from parts makers through OEMs to dealers, have been unanimous in their condemnation of President Donald Trump’s proposed tariffs on steel and aluminium.If implemented, the duties could lead to more expensive components and vehicles, less investment in new products and car plants, and the loss of jobs ...
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