News

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.

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.

April 8, 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.

April 8, 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.

April 3, 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%.

April 2, 2024

The BMW Group and Tata Technologies, a global product engineering and digital services company, have announced that they have signed an agreement to form a JV with the aim to establish a software and IT development hub with locations in India. The main development and operations activities shall be established at Bangalore and Pune. In Chennai, the focus shall be on business IT solutions. This collaboration between Tata Technologies and BMW Group represents a shared vision of innovation and excellence in automotive engineering and digital solutions.

April 2, 2024

Flying car startup Pal-V has received an order for 100 of its flying vehicles from Aviterra, a Dubai company that plans to bring the flying vehicles to the Middle East and Africa. 

The Pal-V (personal air and land vehicle) vehicle Liberty is certified to drive on public roads and expects its aviation certification this year.

The Pal-V Pioneer Edition is powered by e-fuels and hybrid fuel technologies. Pal-V has different versions of its Liberty flying car, including a sport edition and a pioneer edition, which is highly personalized.