Focus on Transport
Stellantis aims to cut North America inventories by 100,000 by early-2025, CFO says
Stellantis aims to reduce North American inventories by 100,000 vehicles by 2024, cutting 40,000 units so far.
Tugboat powered by ammonia sails for the first time, showing how to cut emissions from shipping
Amogy's ammonia-powered tugboat sets sail, showcasing the maritime industry's push toward zero-emissions propulsion.
Northvolt to axe 1,600 jobs as Europe’s EV hopes stall
Northvolt cuts 1,600 jobs and suspends expansion as it faces production issues, slow EV demand, and competition from China.
White House touts $1bn fund to help auto suppliers retool for EVs
Investment firm Monroe Capital LLC said it plans to launch a fresh fund of up to $1 billion to provide loans for smaller...
India is in the midst of an electric vehicle revolution — and Australia should tap in
India’s electric vehicle market is booming, with sales surpassing 4.1M by March 2024, offering diverse EV options and rapid growth.
Environmental protesters block French cruise liner port
Activists in canoe stop port entry in protest over cruise ship pollution as well as wildlife impact and working conditions on board.
SAIC Volkswagen says adjusting plant base “necessary”
Planned production cuts at the partnership's Nanjing plant are "normal and necessary" business decisions, they say.
Stellantis chair Elkann targeted in 75 million euro seizure over alleged tax fraud
The investigation, opened earlier this year, alleges Elkann did not pay tax on assets he and his siblings inherited after the death of...
US House votes narrowly to repeal Biden administration EPA tailpipe emissions rules
The U.S. House has voted narrowly to repeal EPA's clean vehicle rules, but Biden vows a veto if it passes the Senate.
Vietnamese EV maker VinFast reports wider sequential gross loss
VinFast, which started delivering cars in California last year, reported a gross loss of $224 million in the April-to-June period.
