Spot container rates on key trade lanes jumped to records last month. The world’s largest container carrier said trade disruptions that have sent freight rates soaring and overwhelmed major ports may start to ease after the first quarter, disappointing investors but signaling eventual relief for cargo shippers. A.P. Moller-Maersk A/S Chief Executive Officer Soren Skou… Continue reading Global shipping turmoil expected to calm down by mid-year
Author: Economic Times of India Online News
Audio Interview – Electric Vehicles and U.S. State Governments: A State by State Comparison
Detroit: GlobalAutoIndustry.com’s latest Audio Interview “Electric Vehicles and U.S. State Governments: AState by State Comparison” features Shruti Vaidyanathan. Ms. Vaidyanathan is transportation program director, ACEEE (American Council for an Energy-Efficient Economy), and oversees research on vehicle efficiency and system-wide transportation efficiency. She has 10 years’ experience in transportation efficiency issues and her work has most… Continue reading Audio Interview – Electric Vehicles and U.S. State Governments: A State by State Comparison
Greaves Cotton appoints Dalpat Jain as Group CFO
Jain is a Chartered Accountant with post-qualification experience of over 16 years. New Delhi: Greaves cotton, a diversified engineering and heavy equipment making company, has appointed Dalpat Jain as the Group Chief Financial Officer (CFO) of the company with effect from 10th February, 2021. He will be a key managerial personnel in addition to the… Continue reading Greaves Cotton appoints Dalpat Jain as Group CFO
New Zealand backs more low-emission vehicle options
Representative Image Wellington: The New Zealand government has extended additional support to clean up the environment with the approval for 22 new low-emission transport projects, Energy and Resources Minister Megan Woods said on Wednesday. A community electric bike and car share scheme, additional EV charging stations, as well as five hydrogen trucks and a demonstration… Continue reading New Zealand backs more low-emission vehicle options
Tesla rival Rivian aims for IPO this year: Report
Rivian, which aims to put an electric pickup and SUV in production this year, announced last month a $2.65-billion investment round led by T. Rowe Price. Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion… Continue reading Tesla rival Rivian aims for IPO this year: Report
UAW president holds White House talks on vehicle emissions
GM said on Tuesday it was extending production cuts at three North American plants until at least mid-March. By David Shepardson WASHINGTON, – United Auto Workers (UAW) President Rory Gamble held a virtual meeting last week with a top White House environmental official as the Biden administration moves to reverse the rollback in vehicle emissions… Continue reading UAW president holds White House talks on vehicle emissions
Business activity almost back to normal in India: Nomura
Business activity was nearly back to normal levels by the first week of February in India as it seemed like a ‘vaccine pivot’ in activity was underway without actually waiting for the vaccine, said global brokerage Nomura. “Overall, ebbing pandemic risk suggests that the ‘vaccine pivot’ in activity might be underway without waiting on the… Continue reading Business activity almost back to normal in India: Nomura
India-focussed offshore funds, ETFs see $986 million outflow in Dec quater: Report
Through the quarter, the assets of the category grew by almost 19 per cent to $43 billion from $36 billion recorded in the previous quarter. NEW DELHI: India-focussed offshore funds and Exchange Traded Funds (ETFs) witnessed a net outflow of $986 million in the three months ended December 2020, making it the eleventh consecutive quarter… Continue reading India-focussed offshore funds, ETFs see $986 million outflow in Dec quater: Report
Norway’s Statkraft takes majority stake in Swedish EV charging firm
Together with Statkraft’s smaller existing Swedish charging business, the company will change its name to Mer Sweden, with current Bee CEO Fredrik Nordin taking the helm. OSLO: Norwegian utility Statkraft has agreed to buy a 51% stake in Swedish electric vehicle charging firm Bee Charging Solutions, seeking to benefit from Sweden’s nascent boom in the… Continue reading Norway’s Statkraft takes majority stake in Swedish EV charging firm
China urges chipmakers to allocate more capacity to China auto market
The ministry also asked the firms to improve logistics efficiency and supply chain coordination to support the industry’s development, according to the statement. BEIJING: China’s industry ministry said on Tuesday it met with automotive and chip companies and asked them to help ease a supply shortage that has forced many automakers across the world to… Continue reading China urges chipmakers to allocate more capacity to China auto market