Peugeot participates in TIMISOARA AUTO EXPO 2024

May 21, 2024

Peugeot (Mega Group) announced its participation in TIMISOARA AUTO EXPO 2024, the main new car fair in western Romania. The event will take place at Shopping City Timișoara on June 08-09, 2024.

Whether you are a natural person or a legal entity, Mega Group is waiting for you at the fair to present the new Peugeot models.

This year, Peugeot was selected for the seventh time in the last 10 years in the European Car of the Year (COTY) 2024 final, with the PEUGEOT E-3008 model.

Volkswagen participates in TIMISOARA AUTO EXPO 2024

May 20, 2024

Volkswagen has announced its participation in TIMISOARA AUTO EXPO 2024, the main new car fair in western Romania. This event will take place at Shopping City Timișoara on June 08-09, 2024.

Autoclub Volkswagen Timișoara is the authorized Volkswagen Cars dealer in Timișoara, where you can choose your favorite car and also receive the highest quality services: Tin shop, Paint shop, Special treatments, Express Service, Direct reception, Wheel storage, Tires, Towing service, Telephone scheduling, Financing - advice, vehicle Exchange, Accessories, Shop.

BMW’s Neue Klasse models will be able to store energy

May 17, 2024

BMW’s future EVs will support bidirectional charging and will be able to store energy to send back to the grid.

BMW Neue Klasse models scheduled for launch in 2025 will be able to store electricity and function as a power outlet. They are equipped with technology for bidirectional charging – i.e. the ability to both accept and supply electricity.

Functions such as “Vehicle to Home”, “Vehicle to Grid” and “Vehicle to Load” will therefore be available to BMW customers for the first time.

The First Hybrid Porsche 911 Debuts on May 28

May 14, 2024

The first Porsche 911 sports car for the road with a hybrid drive is in the starting blocks. Following an extensive development and testing programme, the new 911 with a performance-focused hybrid drive is ready for series production. 

Porsche plans to reveal the first road-going 911 hybrid, pushing the iconic sports car into the modern era.

Continental implements a pioneering cross-domain high- performance computer in the car

May 13, 2024

Continental announced it has implemented a cross-domain High-Performance Computer (HPC) in a car. Hosting cockpit and additional vehicle functions, such as driving safety and automated parking, including holistic motion control in a real-life vehicle application was made possible.

This feat demonstrates the company’s commitment to advancing software-defined vehicles (SDVs) and showcases the potential of its cloud-based Continental Automotive Edge Framework (CAEdge).

New commercial vehicle registrations: vans +12.6%, trucks -4%, buses +23.3% in Q1 2024

May 09, 2024

There were mixed results for the EU commercial vehicle market in Q1 2024. While van sales rose, truck sales dipped slightly, despite growth in the electrically chargeable truck market. Bus sales saw a rise, with electrically chargeable buses recording notable gains. In the first quarter of 2024, new EU van sales rose by 12.6%, with nearly 400,000 units sold on the back of strong results in key markets. Italy led with a remarkable 19.4% growth, followed by Germany at 12.7%, Spain at 10.9%, and France at 8.7%.

ABB opens new €20 million energy-efficient factory in Belgium

May 09, 2024

ABB has opened a new €20 million injection molding manufacturing site at Evergem, near Ghent in Belgium, to meet the growing demand for safe, smart and sustainable electrification solutions in Europe. The global electrical enclosure market size is projected to grow from $7.42 billion in 2024 to $13.15 billion by 2032 due to increasing demand for new buildings, the modernization of existing buildings with more efficient and reliable electrical systems, and advances in electrical distribution.

Latest commodity prices: May 2024

May 03, 2024

Food prices dipped by 0.5%. Raw materials dropped by 2.4%, while beverages surged 26.5%.

Metal prices jumped by 8.9%, led by tin (+15.8%) and aluminum (+12.6%). Precious metals rose by 8.6%.

Commodity Markets Outlook April 2024

May 03, 2024

In 2024 and 2025, overall commodity prices are forecast to decline slightly but remain about 38 percent above pre-pandemic levels. Unlike prices for most other commodities, oil prices are set to increase in 2024, by 2 percent. Gold and copper prices are also set to rise this year, by 8 percent and 5 percent, respectively. In all, disinflationary tailwinds from moderating commodity prices appear essentially over.

Bosch completes its EUR 21 million investment in the expansion of the Cluj Engineering Center

April 23, 2024

Bosch inaugurated the second office building of its Engineering Center in Cluj, Romania, following an investment of roughly EUR 21 million implemented over three years. The total investment in the two buildings of the center in Cluj, started in 2017, amounts to over EUR 50 million.

The official opening took place on April 23, in the presence of the company's local management and representatives of local authorities and partners.

LG partners with SVT Robotics to accelerate development of autonomous mobile robots

April 11, 2024

LG Business Solutions is collaborating with SVT Robotics, a software provider that empowers IT teams to seamlessly integrate, monitor and scale automation to integrate LG’s new CLOi CarryBot autonomous mobile robots into US warehouse environments. By leveraging the SoftBot Platform from SVT Robotics, prebuilt integrations easily enable the LG CLOi CarryBot AMRs to connect to virtually any warehouse management solution. The SoftBot Platform streamlines integration between hardware and software partners including Warehouse Management Systems, Warehouse Execution Systems, Material Control Systems, vertical lifts, packaging automation and more.

Europe’s truck and bus CEOs launch manifesto for zero-emission vehicles as EU inks deal on CO2 reduction rules

April 11, 2024

EU law makers have sealed a deal cementing the most ambitious CO2-reduction targets for trucks and buses globally by 2030. While vehicle targets are part of the puzzle for decarbonising truck and bus transport, it is insufficient to only regulate the supply side without addressing demand roadblocks. 

Decarbonising truck and bus transport is a team sport involving many players across the entire transport and logistics ecosystem.

Hyundai plans to invest billions in South Korea to boost EV production

April 08, 2024

Hyundai Motor Group plans to invest $50 billion and hire 80,000 employees in South Korea through 2026. Over half the new Hyundai hires — about 44,000 people — will work on electrification, including “large-scale hiring” to build and operate new electric vehicle plants and SDVs.

The company will focus its investments and hiring on electrification, software-defined vehicles, autonomous driving, robotics and advanced air mobility.

FORD updates EV, hybrid plans and prepares manufacturing plants

April 08, 2024

Ford Motor Co. is retiming the launch of EVs and expanding its hybrid vehicles offerings as it continues to fine-tune its strategy for next-generation vehicles. The automaker said it will continue to build out an advanced manufacturing system, including greenfield construction and upgrades to its existing assembly plants — while it prepares to produce its next-generation electric vehicles.

Latest commodity prices: April 2024

April 03, 2024

Energy prices gained 2% in March, led by coal (+5.9%) and natural gas Europe (+5%).

Non-energy prices increased (+2.2%).

Food prices inched up by 0.6%.