Author: World_Newz Mon

World NM: Kia to Build New Factory at Home001745

Kia will build a new factory in Korea, the Hyundai automotive conglomerate’s first since in 1997. Kia forecasts that electric driverless buses and other urban mobility solutions — which it has dubbed “PBVs” — will account for a quarter of new car sales by 2030 with an annual demand for 20 million vehicles. Kia aims… Continue reading World NM: Kia to Build New Factory at Home001745

World NM: Can electric vehicles help defund the Russian war machine?001740

Receive the Transport Brief in your inbox by subscribing here. All of this has given the debate over the EU battery regulation – a mammoth piece of legislation aimed at boosting Europe’s battery autonomy while cutting emissions – a geopolitical shot in the arm. However, with the less-deadly Omicron variant now widespread and high vaccination… Continue reading World NM: Can electric vehicles help defund the Russian war machine?001740

World NM: Tax Breaks for Hybrid Cars to Be Phased out001735

Instead, the government wants to revise the tax-break scheme in favor of electric and hydrogen cars. People buying hybrid cars can get up to a W400,000 off on acquisition taxes and a maximum W1.43 million discount on other taxes. LPG vehicles are also subject to tax breaks ranging from W1 million for trucks and W3.5… Continue reading World NM: Tax Breaks for Hybrid Cars to Be Phased out001735

World NM: TPV Automotive recruiting more staff this year001734

Novo Mesto – TPV Automotive, a Novo Mesto-based automotive supplier, is recruiting more staff at all its plants. The new hires will be made in several towns and villages in eastern and south-eastern Slovenia. New jobs at TPV Automotive have opened up due to the development of breakthrough projects, said the company in a press… Continue reading World NM: TPV Automotive recruiting more staff this year001734

World NM: BMW expects $9.1bn from JV share increase001727

German carmaker BMW AG said increasing its stake in its Chinese car-making joint venture will boost earnings by up to €8 billion ($9.1 billion), signaling to competitors that it is highly beneficial to take control of operations the world’s largest car market, reports Bloomberg. The move will lead to a positive one-time effect of €7 billion to… Continue reading World NM: BMW expects $9.1bn from JV share increase001727

World NM: Automotive industry sounds alarm over expansion of e-charging stations001723

Germany has fallen far behind its targets for expanding e-car infrastructure and will likely miss its 2030 e-mobility target. Germany, France and the Netherlands together account for 70% of the charging stations, even though the three countries have only a third of the EU’s population. Instead of 60 kilometres, the VDA calls for charging stations… Continue reading World NM: Automotive industry sounds alarm over expansion of e-charging stations001723

World NM: Electric car transition puts over 70,000 jobs at risk in Italy, unions and lobby say001720

The transition to electric vehicles will put around 73,000 jobs at risk in Italy, metal workers’ unions and a lobby group said on Thursday. The automotive industry in Italy employs 278,000 workers directly and indirectly and accounts for around 6% of the country’s gross domestic product. Unions are also urging the government to strike a… Continue reading World NM: Electric car transition puts over 70,000 jobs at risk in Italy, unions and lobby say001720

World NM: Industry readies to fight the Commission’s Data Act proposal001719

Major industry players, from tech companies to carmakers, are preparing to push back against the European Commission’s proposal for the new data law. Its content included data sharing obligations, further safeguards to data transfers and regulation of access by public bodies. Private companies might have to open up their data at the request of public… Continue reading World NM: Industry readies to fight the Commission’s Data Act proposal001719