Shareholders in Toyota had little room for cheer last month, as the world’s largest automaker expects to miss its production target of 9m vehicles for the year. The blame is laid mainly on a year-long shortage of semiconductors. The company will build 700,000 cars this month, up from a year ago, but 150,000...
South Korean vehicle maker Hyundai’s logistics unit, Hyundai Glovis, has itself established a subsidiary in Chengdu, in China’s Sichuan province. Chengdu Glovis SCM, aims to help its parent to diversify into container rail freight – in 2020, Chengdu was the Chinese city with the second-most direct rail freight trains to Europe. Hyundai Glovis plans a...
Logistics providers in the automotive sector have been warned to brace for one of the sharpest downturns in living memory. There are fears the multiple effects of the coronavirus pandemic and Brexit spell a double-digit decline in vehicle sales this year. According to new analysis from Transport Intelligence (Ti), the market is forecast...
