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Shawn Wilson, former secretary of Louisiana's Department of Transportation and Development (LaDOTD), has joined WSP as the national agency coordination leader for transportation and infrastructure. In his new role, Wilson will expand WSP's network within the transportation and infrastructure industry, identify strategic growth opportunities, and support communication efforts with state and federal governments. With his extensive experience in leading transportation initiatives and strategic planning, Wilson oversaw over $5.2 billion in construction projects as the head of the state DOTD from 2016 to 2023. He also played a key role in delivering Louisiana's first infrastructure P3 and supporting the development of the state's recurring vehicle sales tax initiative. WSP recently acted as a technical adviser to the state of Louisiana in the Calcasieu River Bridge project. [Extracted from the article]

Axis Bank has provided a loan of INR 1 billion ($12m) to Everest Fleet, India's largest independent fleet management provider, to deploy electric vehicles (EVs) as green taxis across the country. The loan is supported by GuarantCo, and it will allow Everest to accelerate the deployment of EVs, which currently make up less than 1% of Indian vehicle sales. Over 1,000 drivers are expected to benefit from this project, which aligns with the United Nations Sustainable Development Goals (SDGs) related to sustainable transport, reducing environmental impact, and combating climate change. Axis Bank is committed to driving the e-mobility revolution in India and supporting sustainable transportation solutions. [Extracted from the article]

Juneteeth break likely to slow market [ABSTRACT FROM AUTHOR]

Rising automobile production and sales in China will ensure the long-term growth in demand for tungsten, sources told Fastmarkets this week. [ABSTRACT FROM AUTHOR]

The Brazilian automotive association ANFAVEA has revised its sales forecast for 2023 to 2.23 million units, an increase of 6% on registered vehicles during the year in comparison with 2022, mainly due to a rise in imports instead of an increase in domestic production. [ABSTRACT FROM AUTHOR]

China's automotive output and sales both fell in July, on a month-on-month and year-on-year basis, because of reduced seasonal demand in the summer season and the higher base in July 2022, the China Association of Automobile Manufacturers (CAAM) said this week. [ABSTRACT FROM AUTHOR]

China's auto output and sales rose for a second straight month in June, due to central and local government stimulus measures, along with carmakers introducing new models and sales incentives to try and hit their mid-year sales targets, the China Association of Automobile Manufacturers (CAAM) said this week. [ABSTRACT FROM AUTHOR]

China's automotive output and sales posted year-on-year growth in May amid measures to promote consumption during the May Day holiday and due to a low base a year earlier, the China Association of Automobile Manufacturers (CAAM) said. [ABSTRACT FROM AUTHOR]

China's automotive output and sales dropped in April 2023 versus the prior month, with both largely subdued by general caution among consumers that had been fueled by the price wars in the automotive sector during the month, according to the China Association of Automobile Manufacturers (CAAM). [ABSTRACT FROM AUTHOR]

This compared to a 20.6% YoY increase for February and January. [ABSTRACT FROM AUTHOR]

Demand remains strong as the car maker prices a euro deal and launches a sterling ABS [ABSTRACT FROM AUTHOR]

The CPI all items index was at 3.2%, from 3.1% in January. [ABSTRACT FROM AUTHOR]

The CPI all-items index moderated to 3.1%, vs a 3.4% YoY rise for December. [ABSTRACT FROM AUTHOR]

Air Lease (ALC) reported a 56% increase in net income to $211 million for the final quarter of 2023. This growth was driven by fleet expansion and increased sales activity, resulting in a 19% increase in total revenues to $717 million compared to the previous year. ALC ended the quarter with a total debt financing of $19.2 billion, with the majority at a fixed rate and unsecured. The company's CEO, John Plueger, expressed optimism about the future, citing a favorable commercial aircraft supply and demand environment and a rebound in the cargo and air freight market. ALC also recognized a net benefit of $67 million from insurance claims and has a $1.5 billion sales pipeline for the year. The company currently owns 463 aircraft and has orders for 334 more. [Extracted from the article]

Cleveland-Cliffs expects the slew of price hikes implemented for its automotive business to boost second quarter earnings and has noted higher profitability and shipments in its first quarter earnings, scheduled to be reported at the end of the month. [ABSTRACT FROM AUTHOR]

China's battery material market has taken a further hit, with the industry's price war among auto makers spreading to conventional carmakers and battering new energy vehicle (NEV) makers with sluggish sales, sources said. [ABSTRACT FROM AUTHOR]

The rebrand provides Blink with access to more than 1,225 chargers in the UK and Ireland. US electric vehicle (EV) company Blink Charging has rebranded EB Charging - which it acquired in April 2022 - to Blink Charging UK. Blink and you miss it - rebrand. [Extracted from the article]

An increasingly fierce price war in China's domestic automotive sector for electric vehicles (EVs) and traditional vehicles in recent months has dealt another blow to battery raw materials prices, sources told Fastmarkets. [ABSTRACT FROM AUTHOR]

In February 2023, new vehicle registrations grew by 11.5% when compared with figures from the corresponding month the year before, reaching a total of 802,763 units, the European Automotive Manufacturers Association (ACEA) said on Tuesday March 21. [ABSTRACT FROM AUTHOR]

In January 2023, the EU car market showed growth of 11.3% in new vehicle registrations compared with the corresponding month last year, reaching a total of 760,041 units, the European Automotive Manufacturers Association (Acea) said on Tuesday February 21. [ABSTRACT FROM AUTHOR]

The semiconductors shortage remained the main factor limiting EU passenger car production and sales in 2022, especially during the first half of the year, the European Automotive Manufacturers Association (ACEA) said on Tuesday February 7. [ABSTRACT FROM AUTHOR]

China's automobile output and sales edged upward in 2022 from a year earlier, supported by the government's policy to halve the purchase tax on vehicles as well as other policies aimed at promoting consumer activity, the China Association of Automobile Manufacturers (CAAM) said on Thursday January 12. [ABSTRACT FROM AUTHOR]

Production and sales of automobiles in China continued to fall in November from the previous month and from last year, buckling under pressure from Covid-19, the China Association of Automobile Manufacturers (CAAM) said. [ABSTRACT FROM AUTHOR]

China's output and sales of automobiles dipped month on month in October, with the resurgence of Covid-19 infections weighing on the end-user market, the China Association of Automobile Manufacturers (CAAM) said in its monthly report released on Thursday November 10. [ABSTRACT FROM AUTHOR]

December's increase was an acceleration from 19.2% in November and October, with the CPI all-items index up 3.4% vs a 3.1% YoY rise for November. [ABSTRACT FROM AUTHOR]

Medical care prices – an indicator of medical inflation, a key input to long-tail loss costs – were up 0.2% YoY, after an 0.8% drop for October and a 1.4% drop for September. [ABSTRACT FROM AUTHOR]

The European Automobile Manufacturers Association (Acea) is calling for EU intervention to help car producers make the switch to zero-emissions vehicles and boost sales after downgrading its forecast for 2022 to a decline in new car registrations. [ABSTRACT FROM AUTHOR]

Sales of new passenger cars in the European Union returned to growth in August, following the 13 consecutive months in decline because of the global semiconductor shortage, according to the European Automotive Manufacturers Association (Acea). [ABSTRACT FROM AUTHOR]

Chinese automotive output and sales continued to post strong gains on a year-on-year basis due to the government stimulus aimed at boosting consumption, the China Association of Automobile Manufacturers (CAAM) said in its latest monthly report. [ABSTRACT FROM AUTHOR]

Chinese automotive output and sales continued to show year-on-year increases in July 2022 with government stimulus policies intended to promote consumption, the China Association of Automobile Manufacturers (CAAM) said in its latest monthly report. [ABSTRACT FROM AUTHOR]

Connected Kerb, the UK-based electric vehicle (EV) infrastructure specialist, has been selected by New York for its flagship EV charging pilot project. It will deliver on-street EV chargers to show how public access to the chargers can increase EV ownership amongst the 50% of residents that use on-street parking. [Extracted from the article]

Sales of new passenger cars in countries in the European Union dropped by 15.37% year on year to 886,510 units in June, a 12th month of decline. [ABSTRACT FROM AUTHOR]

EU sales of new passenger cars fell by 11.2% to 791,546 units in May on ongoing global components shortages, marking the eleventh consecutive month of decline, the European Automotive Manufacturers Association (Acea) said on Thursday June 16. [ABSTRACT FROM AUTHOR]

Chinese automotive output and sales increased month on month in May after the government boosted its efforts to encourage a market recovery but were down year on year, the China Association of Automobile Manufacturers (CAAM) said in its latest monthly report. [ABSTRACT FROM AUTHOR]

EU sales of new passenger cars fell by 20.63% to 684,506 units in April due to continuing supply chain disruptions, with all major markets posting double-digit declines, the European Automotive Manufacturers Association (ACEA) said on Wednesday May 18. [ABSTRACT FROM AUTHOR]

Air Lease (ALC) reported a 17% increase in total revenues for the third quarter of 2023, reaching $659.4 million. This growth was driven by the expansion of the ALC fleet and increased sales activity. The company's net income for the quarter was $122 million, compared to $100 million the previous year. ALC's fleet value increased to $25.6 billion, and it owned 448 aircraft, managing an additional 79. The company's customer base spans 117 airlines in 63 countries. ALC is optimistic about its aircraft sales pipeline and is reducing its exposure to China to de-risk its portfolio. [Extracted from the article]

According to a recent report, the increase in auto insurance prices has slowed down to 18.9% year-on-year in September. This marks a decrease from the previous months of July and August, where the index increased to 17.8% and 19.1% respectively. Medical care prices have also seen a decline, falling 1.4% in September compared to a 1.0% decline in August. Additionally, used car and truck prices have dropped by 8% year-on-year, while new vehicle prices have risen by 2.5% in the same period. The report suggests that inflation levels are beginning to ease, which is relieving some of the pressures felt by insurers and businesses. [Extracted from the article]

Qander makes progress with Dutch consumer deal while Morgan Stanley sponsors Irish RMBS [ABSTRACT FROM AUTHOR]

The 19.1% increase for motor vehicle insurance prices inAugust accelerated for the second consecutive month afterprices had moderated in June to 16.9% from 17.1% in May. This is the second month motor vehicle insurance prices haverisen, following a 17.8% hike in July and a 16.9% increase inJune. [Extracted from the article]

The overall CPI rise in July was up by 0.2 points month-on-monthfrom June, marking a reversal of the downward trend that started inJune 2022. Used car and truck prices dropped 5.6% year-over-year in July,while new vehicle prices rose 3.5% in the same period. [Extracted from the article]

China's automotive output and sales figures both fell year on year for a second consecutive month in April, after controls on new Covid-19 outbreaks choked the supply chain, the China Association of Automobile Manufacturers (CAAM) said in its latest monthly report. [ABSTRACT FROM AUTHOR]

Supply chain disruptions, exacerbated by Russia's invasion of Ukraine, have led to a significant 20.55% decline in new car sales in Europe, the European Automotive Manufacturers Association (Acea) said on Thursday March 20. [ABSTRACT FROM AUTHOR]

Chinese automotive output and sales both decreased year on year in March, affected by the latest wave of Covid-19 in the country and weak consumer demand, the China Association of Automobile Manufacturers (CAAM) said in its latest monthly report. [ABSTRACT FROM AUTHOR]

Chinese auto sales posted solid year-on-year gains in February, propelled by the strong performance of the electric vehicle (EV) sector and robust exports, the China Association of Automobile Manufacturers (CAAM) said in its latest monthly report. [ABSTRACT FROM AUTHOR]

Ongoing supply chain disruptions led to a further fall in EU passenger car sales by 6.7% year on year to 719,465 units in February, the European Automotive Manufacturers Association (Acea) said on Thursday March 17. [ABSTRACT FROM AUTHOR]

China's automobile output and sales in January both grew year on year after the global shortage of semiconductor chips began to ease, the China Association of Automobile Manufacturers (CAAM) said, while most upstream battery raw materials prices have been consistently supported by firm demand. [ABSTRACT FROM AUTHOR]

January sales of passenger cars in the EU decreased by 6% year on year due to the ongoing semiconductor shortage, despite last year being a historic low base for comparison, the European Automotive Manufacturers Association (Acea) said on Thursday February 17. [ABSTRACT FROM AUTHOR]

Investor sees online car retailer pricing 'not that far behind' Tier 1 issuers [ABSTRACT FROM AUTHOR]

GECU becomes the third credit union to price an auto ABS deal in 2023 [ABSTRACT FROM AUTHOR]

Compared to May, used car and truck prices declined 0.5%and new vehicle prices remained unchanged on a seasonallyadjusted basis. Motor vehicle insurance price increases moderated to 16.9%from 17.1% in May, while the all-items CPI slowed to 3.0%from 4.0%. Used car and truck prices declined 5.2% year-over-year inJune, while new vehicle prices rose 4.1% in the sameperiod. [Extracted from the article]