Mercedes-Benz will exit the Russian market and sell its subsidiaries to a local investor
German car manufacturer Mercedes-Benz announced on Wednesday that it will exit the Russian market and sell the shares of its…
INEOS Automotive started production of Grenadier 4×4 model in Hambach
INEOS Automotive has launched the series production of the Grenadier 4X4 model at the Hambach plant in France. Even as…
Iveco inaugurates its new ePowertrain plant in Turin, Northern Italy
FPT Industrial, the global powertrain brand of Iveco Group, inaugurated the new Turin ePowertrain plant on October 18, a manufacturing site fully dedicated…
Toyota ends vehicle manufacturing in Russia. Mazda follows?
Toyota has decided to end vehicle production at its Saint Petersburg plant in Russia. Manufacturing operations were already suspended from…
Germany is reactivating another coal plant to save gas
Uniper's Heyden 4 hard-coal-fired power plant in Petershagen near Hannover will again produce electricity for the market from 29 August…
Liberty to invest CZK 8.6 billion (EUR 350 million) in Ostrava
Liberty signed a contract with Danieli for the delivery of two state-of-the-art hybrid electric arc furnaces at the centre of…
Nokian Tyres initiates a controlled exit from Russia
Nokian Tyres’ Board of Directors has decided to initiate a controlled exit from the Russian market, as it is no…
BASF to build commercial scale battery recycling black mass plant in Germany
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany and will create about 30 new…
2022 could set a new transactional record for Romanian logistic market
The leasing of industrial and logistics spaces increased by 50% in the first quarter of 2022 compared with the same…
Volkswagen suspended production at its factories in China
Volkswagen suspended production at its facilities in China amid a lockdown in the country, Anadolu Agency reports. China's daily virus…
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Raben Group entered its fourteenth market in Europe last year
Raben Group has entered its fourteenth market in Europe with the addition of the leading Greek logistics provider, Intertrans S.A.,…
Renault would suspend the operation of its Moscow plant
Renault said on Friday that it would suspend the operation of its Moscow plant next week due to ”forced changes…
Prysmian to open a Center of Excellence in Romania
Prysmian will open in Slatina, Romania, a Center of Excellence, where the future SAP / IT developers, electricians, engineers, IT…
Transition to electric cars will jeopardize over 73.000 jobs in Italy
The transition to electric cars will jeopardize some 73,000 jobs in Italy, several unions and an employers' organization warned on…
CTP plans over €1 billion investments in urban logistics projects in Germany
CTP Germany launches with plans for €1 billion in targeted developments and redevelopment in mainly urban logistics ”last mile” assets.…
Skoda sales down by more than 12% in 2021, at 878.200 units sold
Skoda announced on Tuesday that global sales fell 12.6% in 2021 to 878,200 cars delivered last year. According to Reuters,…
Additional 8.6 million sq m of warehouse space needed in Europe
According to a report from Savills, an additional 8.6m sq m of warehouse space is required by parcel companies in…
Mercedes-Benz to recall 2.6 million cars in service in China
Mercedes-Benz will recall 2.6 million cars in service in China due to possible problem with automatic emergency call system, DPA…
Spanish automaker Lupa to build an electric vehicle factory in Uruguay
Lupa is a new Spanish automotive company, based in Barcelona. It makes electric vehicles and is in the start-up stage,…
P3 Logistic Parks increases total portfolio by 48%. German portfolio tripled
In 2020, P3 concluded 600,000 m2 of new developments for new and returning clients such as Amazon, Mercedes-Benz, TEDi, PepsiCo,…
Turkey sold electric bicycles to 43 countries last year
Foreign trade for electric bicycles made in Turkey has quadrupled in 2020 compared to 2019, with exports reaching $ 39.2…
Renault and Stellantis to suspend car production at several plants
Automakers Renault and Stellantis announced that they will suspend car production at several plants due to a global semiconductor shortage.…
Eldorado Gold to invest $ 3.1 billion in mining operations in northern Greece
Canadian company Eldorado Gold signed a revised contract with Greek authorities on Friday regarding its mining operations in northern Greece,…
Production started at Stora Enso’s Oulu Mill in Finland
Stora Enso has completed the conversion of its Oulu paper mill for production of packaging board. The pulp mill has…
Skoda to recall more than 14,000 of its Kodiaq and Karoq SUVs for service
Skoda will recall some of its Kodiaq and Karoq SUVs for service due to a possible brake pedal failure. All…
More than 750,000 Skoda vehicles rolled off the production lines in Czechia last year
Despite a 39-day production shutdown, 753,013 vehicles rolled off the production lines at the Mladá Boleslav and Kvasiny sites in…
Thyssenkrupp to invest 6.2 million euros in Veszprem, Hungary
Thyssenkrupp AG will set up an engineering development hub with an investment of 2.2 billion forints (6.2 million euros) in…
Ford plant in Saarlouis, Germany, to shut down for a month
Ford has decided to shut down production at one of its German plants for a month, following a lack of…
Nissan to further cut its presence in Europe
Nissan intends to further cut its presence in Europe and outsource its car manufacturing and sales operations to alliance partner…
Fiat Chrysler Automobiles to invest two billion euros in Poland
Fiat Chrysler Automobiles (FCA) will invest two billion euros ($ 2.45 billion) in its plant in Tychy, Poland, Deputy Prime…
Hyundai Motor acquired General Motors (GM) plant in St. Petersburg, Russia
The GM plant in Shushary, a suburb of St. Petersburg, can make up to 100,000 cars a year. It was…
GEFCO is Daewoo Power Products main logistics operator in Poland
GEFCO and Daewoo Power Products, a Korean manufacturer of power tools, are developing cooperation for comprehensive logistics operations in Poland.…
Daimler is investing 141 million euros in Hungary to make an electric model
Daimler AG will start production of the EQB compact electric SUV in Hungary in Q4 2021, after an investment of…
Stora Enso invests in production line for granulated lignin in Finland
Stora Enso is investing EUR 14 million to build a granulation and packing plant for lignin at its own Sunila…
MOSS, Italian printing and decoration machine manufacturer, to invest in India
In India, MOSS will start its first unit abroad, basing the development projection on a technology transfer agreement with an Indian partner…
Elkem opened a new production workshop in Shanghai
Elkem opened a new production workshop in Shanghai, China, dedicated to the development and manufacturing of specialised silicones for hybrid and…
Prysmian files legal proceedings for patents’ infringements against Emtelle UK
Prysmian announced to have commenced proceedings for patent infringement in the UK High Court against Emtelle UK Limited. Prysmian claims…
Renault is turning its Flins plant into a recycling center
Renault confirmed its intention to stop car assembly activities at its plant in Flins, near Paris, and by 2024 this…
Prysmian Group to invest 450 million euro in race to net zero CO2 emission
Prysmian Group announces the launch of a new project aimed at accelerating the race to net-zero CO2 emission. By 2022,…
Palmira plans to invest around EUR 650 million in European logistics assets
Palmira Capital Partners has launched the ”Palmira European Core Logistics Fund”, an open-end special fund oriented to institutional investors. Aiming…
BMW moves internal combustion engines production to Austria and UK
BMW is investing 400 million euros in a new vehicle assembly at the main plant in Munich and move its…
Scania to invest over 1 billion SEK in a battery assembly plant
Scania plans to invest well over 1 billion SEK in a battery assembly plant in Södertälje, Sweden. The initial step is a 18,000-square…
UL expands its Frankfurt – Neu-Isenburg facility
UL announced the expansion of its Frankfurt - Neu-Isenburg facility for testing and certification of new electric vehicle (EV) charging. The expansion…
Manufacture of Czech automobile Skoda Superb will move to Slovakia
By relocating the manufacture of the next-generation Superb from the Czech plant in Kvasiny to Bratislava in Slovakia, Skoda wants…
Volkswagen abandons investment in Turkey and expands production in Slovakia
Volkswagen will move production of its Passat model and premium Skoda Superb model to its plant in Bratislava, after initially…
Montepino Logistica surpassed one million sq m of logistics space in Spain
Montepino Logistica has achieved its goal of providing one million square metres of logistics space in Spain since 2014. It has reached this…
Volvo Trucks to launch a complete range of electric trucks in 2021
Volvo Trucks will offer a complete heavy-duty range with electric drivelines starting in Europe in 2021. The company is running tests of…
Japanese company Nidec Corp to invest $ 1.9 billion in Serbia
Japanese company Nidec Corp will spend 200 billion yen ($ 1.9 billion) to build a motor vehicle production plant in…
P3 started the development of the second phase of the P3 Poznań logistic park
P3 has started the development of the second phase of the P3 Poznań logistic park. The first two buildings will…
P3 Logistic Parks purchased 33 retail logistics assets in Germany
P3 Logistic Parks, a long-term manager and developer of European warehouse properties has signed an agreement to acquire a German…
Romanian startup KFactory launches the first team of virtual engineers
KFactory is the first Industry 4.0 startup funded in Romania, which aims to innovate the entire production process by understanding…
Chervon Auto to invest 48 million euros in a factory in Hungary
Chinese company Chervon Auto will make a major investment in Hungary, of 17.5 billion forints (48 million euros), Foreign Minister…
MOL has completed a new bitumen-rubber plant in Zalaegerszeg, Hungary
MOL completed its new bitumen-rubber plant in Zalaegerszeg, Hungary, after a $ 10 million investment. The plant, built in one…
Liberty Steel is interested in taking over the steel activities of Thyssenkrupp
Liberty Steel Group announced that it has made a non-binding indicative offer (NBIO) as part of a Thyssenkrupp-led process to…
EU passenger car market registered the first increase of the year in September
In September 2020, the EU passenger car market registered the first increase of the year. Registrations grew by 3.1% last…
LG Chem is expanding in Europe and wants new joint ventures with car manufacturers
South Korean group LG Chem, the world's largest maker of electric car batteries, is in talks with ”several” carmakers to…
Czech industrial production at -5.5% compared to 2019
Czech industrial production fell by 0.9% month-on-month and the year-on-year decline slightly increased to -5.5%, mainly due to weaker production…
ArcelorMittal to close a big part of its Krakow unit
ArcelorMittal announced that it had decided to close its furnace and steelworks in Krakow, Poland, due to the difficult operating…
A record of 2.7 million industrial robots are operating in factories
The new World Robotics 2020 Industrial Robots report shows a record of 2.7 million industrial robots operating in factories around…
Stena RoRo almost completed the construction of the world’s largest civilian hospital ship
Swedish company Stena RoRo, after several years of design and construction, is ready to deliver Global Mercy, the world's largest civilian…
