HELLA has concluded the sale of the Danish and Polish wholesale businesses FTZ and Inter-Team. After approval by the antitrust authorities responsible, both companies were transferred to the Swedish wholesaler Mekonomen. Subject to the terms of the transaction, the purchase price amounts to €395m. ‘We are delighted about the successful conclusion of the transaction. From [...]

The European car market continued its growth in July, as a total of 1.31 million cars were registered, the highest monthly volume since July 2009 when 1.29 million cars were registered. The market was boosted by increased demand in Spain and France, as well as double-digit growth in midsize markets like the Netherlands, Austria and [...]

With immediate effect, Kyungtai Ju has been appointed the new president of Kumho Tire Europe GmbH. Kyungtai replaces Changrin Suk, who will return to Kumho’s Korean headquarters with responsibility for global sales. Kyungtai has held a variety positions at Kumho, a company he has now served for almost 30 years. Commencing his career at the [...]

Toyota has plans to invest £387m in Uber and expand a partnership to mutually develop self-driving cars. The company said this would involve the ‘mass-production’ of autonomous vehicles that would be organised on Uber’s ride sharing network. The partnership is being developed as a way for both organisations to catch up with competitors in the [...]

After a 16,000-kilometer drive, polar explorer Marek Kaminski has arrived in Japan, having started his landmark #NoTraceExpedition in Poland three months earlier in the new Nissan LEAF. Marek’s eco-friendly trip took him from Zakopane, Poland through eight countries over two continents and a host of varying driving conditions, passing through Lithuania, Belarus, Russia, Mongolia, China [...]