Category: News Type

Maersk sees no let up in surging cost of shipping goods

The cost of shipping goods has surged 25-30% since the start of the pandemic due to array of inflationary pressures that are “unlikely to abate in the short term,” world No. 1 container shipping company Maersk told Reuters on Wednesday. Maersk is viewed as a bellwether for global trade as it transports goods for retailers… Continue reading Maersk sees no let up in surging cost of shipping goods

Electric vehicles could take 33% of global sales by 2028: AlixPartners

The ICE-to-EV transition will cost automakers and suppliers a cumulative $70 billion by 2030, according to Elmar Kades, co-leader of the automotive practice, including bankruptcies and restructuring. Electric vehicle sales could reach 33% globally by 2028 and 54% by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday. EVs accounted for… Continue reading Electric vehicles could take 33% of global sales by 2028: AlixPartners

Porsche and Michelin on a performance mission at Goodwood with tyres that contain 53% sustainable materials

Porsche and Michelin on a performance mission at Goodwood with tyres that contain 53% sustainable materials The new, fully-electric Porsche 718 Cayman GT4 ePerformance will be out to showcase its potential at 2022 Goodwood Festival of Speed on Michelin tires that contain 53% sustainable materials. At last August’s Le Mans 24 Hours, Michelin revealed the… Continue reading Porsche and Michelin on a performance mission at Goodwood with tyres that contain 53% sustainable materials

Tesla’s fast cash: EV maker nips at heels of profit leader Toyota

TOKYO — Tesla is accelerating its timeline for turning cash into product and back to cash, giving the company a rare opportunity to commit more resources for investments into its future. The strategy already appears to be paying off. Tesla’s net profit increased more than sevenfold on the year in the January-March quarter to $3.3 billion, not far behind Toyota’s… Continue reading Tesla’s fast cash: EV maker nips at heels of profit leader Toyota

Honda, peers to ride 20 motorcycles off into the sunset this year

TOKYO — Honda Motor and three Japanese rivals plan to discontinue about 20 motorcycle models by the end of this year, Nikkei has learned, in response to tougher emissions standards to be implemented in Japan in the fall. The retired motorbikes represent 10% of the roughly 190 models available from Honda, Yamaha Motor, Suzuki Motor and Kawasaki… Continue reading Honda, peers to ride 20 motorcycles off into the sunset this year

Lausitzring is being expanded for autonomous driving

The Lausitzring is being expanded by Dekra with new test areas for autonomous driving. The testing of autonomous driving consists of three pillars – in the simulation, in demarcated areas and in local public transport. Most of the time that happens test procedure in that order, using simulations over and over again. Of the Lausitzring… Continue reading Lausitzring is being expanded for autonomous driving

@Ford: Ford Speeds Toward All-Electric, Connected Future in Europe; Chooses Valencia Plant, Spain, for Next-Gen EV Architecture

Ford takes next step in its transformation; selects Valencia plant as best positioned to produce vehicles based on a next-generation electric vehicle architecture Ford reiterates its commitment to Germany with a $2 billion investment in a state-of-the-art electric vehicle center in Cologne, where production will start in late 2023 Advances Ford’s goal to achieve zero… Continue reading @Ford: Ford Speeds Toward All-Electric, Connected Future in Europe; Chooses Valencia Plant, Spain, for Next-Gen EV Architecture

How motorbiking in Asia is getting a 21st century upgrade

Connected, electric scooters are hitting Asia’s roads in what could be the biggest motorcycling revolution in decades. Asia — the undisputed motorcycle capital of the world. From Bangkok to Taipei scooters are the most popular form of transportation as they are cheap, easy to maintain and often the fastest way to get around these bustling… Continue reading How motorbiking in Asia is getting a 21st century upgrade