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Transport & Logistics

Sats notes that while the Iran conflict has disrupted some hubs in the Middle East, it has picked up traffic routing to avoid such hubs.

Companies & Markets

Sats to build unified AI-enabled platform; says Iran effects mixed but manageable

It notes that its AI investments are subject to the same standards as all capital allocation decisions

Volkswagen’s stakeholder structure makes decision-making complicated.

Transport & Logistics

Labour faction blocks Volkswagen rescue plan: sources

Amid mounting competition, CEO Oliver Blume is fighting to make the automotive group leaner

PKR Offshore will deploy the two upcoming CSOVs to support Siemens Gamesa’s offshore wind projects in Taiwan on a non-exclusive basis.

Transport & Logistics

Marco Polo Marine inks pact with Siemens Gamesa for offshore wind vessels

The Singapore-listed company will supply two commissioning service operation vessels for an Apac wind project

Chairman Natarajan Chandrasekaran says the recently revived Sierra has the potential to become one of the company’s best-selling models.

Transport & Logistics

Tata Group targets US$100 billion revenue from auto units by 2031

Jaguar Land Rover is expected to contribute US$45 billion to US$50 billion of revenue

In 2027, the combined maximum incentives for EV cars will be lowered to S$20,000 from S$30,000 currently.

NEWS ANALYSIS

Record Cat A COE: expiring EV perk, longer bidding interval behind ‘re-run of 2025 mania’

Awareness that incentives will be lower in 2027, impending changes to system keeping premiums high for mainstream cars

Singamas is accused of colluding with China International Marine Containers, Shanghai Universal Logistics Equipment and CXIC Group Containers to fix prices of containers.

Transport & Logistics

South Korea opens probe into Teo Siong Seng’s Singamas and peers over alleged price-fixing: report

Three Chinese firms, including CIMC, are also under probe

The price of Category B COEs, used to register larger, more powerful cars and electric vehicles, is up 6% at S$130,889.

Transport & Logistics

Cat A hits record S$129,000 as COE rises across the board

Commercial vehicle certificates are also at a high, rising 2.1% to S$95,000

The new Buick uses the Xiao Yao platform developed by engineers at Saic-GM’s Patac in Shanghai, which has some 3,000 staff, according to Saic-GM.

Global Enterprise

From factory to tech frontier: China becomes legacy automakers’ innovation engine

Shifting R&D to the country helps traditional automakers bulk up their tech abilities

The main driver of the growth was the automotive industry, which saw production rise 3.6 per cent.

Transport & Logistics

German industry grows more than expected on auto sector

Output increased 0.9% from a month earlier in May

Dara Khosrowshahi steps down from the board as Grab continues with its effort to complete the proposed acquisition of foodpanda’s Taiwan business.

Transport & Logistics

Uber CEO Dara Khosrowshahi steps down from Grab’s board

Uber’s economic interest in Grab is unchanged by this transition

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