All Penske articles
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FeatureShifting gear
Brazilian vehicle sales have been gathering pace recently, as the country tentatively recovers from its long recession. Light vehicle sales have shown some growth, while bus and truck sales have positively motored ahead. Vehicle sales this year, however, have been tarnished somewhat by stalling exports – especially to Argentina, which ...
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FeatureWaking 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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FeaturePenske speaks out on maintenance issues
Penske Truck Leasing has implemented a new voice-directed digital maintenance system for its North American fleet of more than 266,000 vehicles.The move will help it improve accuracy and consistency, reduce paperwork and ensure regulatory compliance, according to the Pennsylvania-based third-party logistics provider.The new approach also allows it to care for ...
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FeatureMexico conference: Uncertainty well-balanced with optimism
While a degree of uncertainty over the future of free trade between Mexico and its Nafta neighbours to the north once again hung over discussions at this year’s Automotive Logistics Mexico conference, it was more than matched by confidence in the future of the automotive sector. That confidence is being ...
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FeatureHolding on to the hard-won gains in Brazil
The Brazilian economy has had it rough over the past few years, experiencing its deepest recession since the 1930s, with GDP growth shrinking for eight consecutive quarters. That contributed to a drought in new vehicle sales from 2013 through to 2016. This long crisis laid waste to many parts of ...
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FeatureSouth America summit: Brazil faces ‘lost decade’ amid slow recovery
Despite a 25% increase in production this year, the Brazilian automotive industry is forecast to grow only slowly in coming years, delegates at this week’s Automotive Logistics South America summit were warned.After four years of declining demand, including a dramatic drop in vehicle sales and production in 2016, the Brazilian ...
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FeatureIT implementation: Touching the cutting edge
Twenty years ago, parts of today’s automotive supply chain would have seemed like science fiction – plants keeping just a few hours’ worth of highly traceable inventory, unmanned drones being used to monitor site activity, glasses with computer chips in them, self-driving vehicles, and management systems that predict the future, ...
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FeatureBMW i Ventures and Penske invest in flexible car ownership app
Investors including BMW i Ventures and Penske Automotive Group have participated in a funding round for the flexible car ownership mobile app, Fair, which attracted nearly $1 billion in offers from investors.Fair allows customers to get approved for a monthly payment for a car on their phone by scanning their ...
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FeatureLogistics providers recognised at Ford World Excellence Awards
Left to right: Hau Thai-Tang, group vice-president, global purchasing, Ford; Jeff Bullard, senior vice-president of operations central region, Penske; and Raj Nair, executive vice-president and president, FordFord has recognised logistics providers Penske Logistics and M&M Cartage at its 19th World Excellence Awards, held recently at the Henry Ford Museum ...
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FeaturePenske Truck Leasing launches new platform to improve uptime, safety and compliance
US-based truck-leasing firm, Penske Truck Leasing, has launched its Connected Fleet Solutions platform which it says can connect virtually any truck, engine configuration and telematics service provider.It will also benefit Penske’s logistics division with more than 20,000 vehicles within its truck rental and logistics fleet connected to the platform at ...
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FeatureConsolidation in logistics: Big fish eat the little fish...
The big players in automotive logistics are getting bigger after a record year for mergers and acquisitions, with middle players at particular risk of being subsumed. So will this trend continue?There has been a growing trend for consolidation in the third party logistics sector over the past few years, including ...