April 3, 2020
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Oversupply leads to lowest oil price in 17 years
Arnaud Henckaerts Posted On March 31, 2020


With a price per barrel of $23,5, oil has reached its lowest price since November 2002. Because of the corona crisis, oil consumption has dropped 10 to 15%. Also, the dispute between Saudi-Arabia and Russia seems to have no end. […]


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Corona snowball effect threatens transport sector
Arnaud Henckaerts Posted On March 25, 2020


Although there is still a lot of truck traffic on our roads, these are not golden times for the transport sector. The stagnation of economic life because of the corona crisis has its consequences here too. “I fear a snowball […]


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EU wants a maximum 15 minutes waiting time for trucks at borders
Luc Joris Posted On March 24, 2020


The European Commission wants to introduce so-called ‘green lanes’ or priority lanes on the main traffic axes, where trucks can cross the border within 15 minutes. As a result of border controls, traffic jams in some places in Europe reached […]


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Are car dealers the weakest link in the chain?
Tony Verhelle Posted On March 24, 2020


At the moment, car dealers are only permitted to perform urgent repairs. For all other things, showrooms and workshops are closed. In a sector where the margins are already fragile, this can cause big problems. As in many other countries, […]


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Belgian air freight benefits from corona crisis
Luc Joris Posted On March 19, 2020


Few sectors have been hit harder by the outbreak of the new coronavirus than aviation. But while almost everyone in the sector is losing, there is also a winner. As a result of the cancellation of passenger flights, goods traveling […]


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Port of Antwerp: ‘vigilant but ensuring critical supply’
Arnaud Henckaerts Posted On March 18, 2020


Lockdown or not, the Port of Antwerp is doing everything in its power to remain fully operational. The port employs some 60 000 people and is of the utmost importance for the supply of Belgium and other EU countries. “We […]


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Volkswagen summoned in Amsterdam court for dieselgate
Luc Joris Posted On March 17, 2020


Autoconcern Volkswagen has been summoned by the Dutch Diesel Emissions Justice Foundation because of the diesel scandal. That’s what the Dutch press agency ANP writes. In addition to Volkswagen, the foundation, which is committed to all registered European victims, also […]


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Tesla looking for Cybertruck factory location
Gert Verhoeven Posted On March 12, 2020


Tesla is going to build the Cybertruck, and the American EV manufacturer is looking for a new location in Central USA. The latter was ‘tweeted’ by its CEO Elon Musk. Specialists are tipping Nashville, Tenessee as a possible winner. The […]


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Oil price plummets: daily ‘profit’ of €13 million for Belgium
Arnaud Henckaerts Posted On March 10, 2020


The price of crude oil crashed due to lower demand and higher production. One barrel now costs $35, a drop of 22%. It has been since the Gulf War in the early 1990s that the price of crude oil fell […]


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D’Ieteren family to invest in autonomous technology
Arnaud Henckaerts Posted On February 19, 2020


The Leuven start-up, IVEX, raises €1,2 million in capital. It will use this to invest in its safety control software for autonomous cars. The company’s technology validates the chosen path of autonomous cars. The investors are PMV, Noshaq, Marc Jacobs, […]


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Tesla’s German giga-factory delayed by ‘illegal logging’
Arnaud Henckaerts Posted On February 18, 2020


The felling of a part of the German forest in which Tesla’s European giga-factory is to be located has been halted. The environmental movement ‘Grüne Liga Brandenburg’ has gone to court because Tesla already felled trees without a building permit. […]


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Airbus loss, despite excellent performance and Boeing crisis
Arnaud Henckaerts Posted On February 14, 2020


Despite its commercial success, Airbus recorded a net loss in 2019. This result is linked to exceptional costs, including fines in a corruption case for the A400M military transport aircraft. Faced with its American competitor Boeing, in 737 MAX crisis, […]


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VW gives each brand a region and a mission
Tony Verhelle Posted On February 10, 2020


Since his venue to power, VW Group CEO, Herbert Diess, has been working on a plan to give each brand of the group a specific geographical responsibility and a trade mission. Lately, it has become clear where he wants them […]


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FCA recovers financially from difficult year
Arnaud Henckaerts Posted On February 7, 2020


Fiat Chrysler Automobiles (FCA) experienced a clear recovery at the end of 2019, a difficult year for the group. This allows the Italian-American manufacturer to confirm its objectives for this year. FCA also reached an agreement with the Italian tax […]


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Volvo CEO: ‘We have no intention to pay EU fines’
Tony Verhelle Posted On February 7, 2020


Volvo CEO, Hakan Samuelsson, was in Brussels on Thursday to comment on the good results of the Swedish/Chinese car manufacturer last year. The Ghent factory is playing a major part in these positive evolutions. In 2019, Volvo sold 705.000 cars […]


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Flanders: separate highway parking lots for cars and trucks
Gert Verhoeven Posted On February 4, 2020


Flemish Minister of Mobility, Lydia Peeters (Open VLD), is allocating 10 million over the next five years to rebuild and better secure highway car parks. In the first phase, seven car parks will be constructed, but N-VA urges the minister […]


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Interview: Frans Timmermans on the EU Green Deal
Arnaud Henckaerts Posted On February 3, 2020


Flemish newspaper De Morgen interviewed Frans Timmermans, ‘Mister climate’ of the European Commission, about the European Green Deal. Timmermans does not see the Green Deal as a fixed plan, but rather as a guideline with the ultimate goal of climate […]


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Merger talks between Stern and Hedin
Arnaud Henckaerts Posted On January 31, 2020


The Dutch car distributor Stern is in merger talks with its Swedish competitor Anders Hedin Group. While a merger is not certain yet, it could be beneficial. Both Groups’ activities are complementary, geographically, as well as in the automotive brands […]


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British car industry first victim of Brexit
Tony Verhelle Posted On January 31, 2020


Since Brexit was voted in 2016, the British car industry shrank 25%. Last year total car production was 1,3 million units, far away from the 2 million that were predicted only four years ago. Of course, the crisis in the […]


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German lithium processing plant to prevent battery shortage
Arnaud Henckaerts Posted On January 29, 2020


Advanced Metallurgical Group (AMG) wants to build a lithium plant in Germany. The aim is to prevent a shortage of batteries once the European production of electric cars is running at full speed. The German automotive world warned for such […]


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Car manufacturers try to secure cobalt supply
Arnaud Henckaerts Posted On January 28, 2020


While the price of cobalt has decreased due to an over-offer on the market, car manufacturers are nevertheless negotiating multi-year contracts to secure supplies. Tesla, for example, is negotiating with Glencore for its cobalt supply, like BMW already did. But […]


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Additional restructuring for Opel in Germany
Arnaud Henckaerts Posted On January 15, 2020


PSA subsidiary, Opel, will cut 2.100 additional jobs in Germany through a voluntary redundancy plan. Employees born before 1963 will be able to opt for early retirement. The agreement made with the trade unions should lead to “further, clear improvement […]


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Belgium: freight circulates more between Regions than workers
Félix Bouland Posted On December 20, 2019


According to a study from the National Bank (BNB) on the economic flow between the three Regions in Belgium, no less than 85% of the country’s employees work in the Region they live in. On the other hand, Flanders sells […]


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EU approves 3,2 billion euros support for battery industry
Arnaud Henckaerts Posted On December 10, 2019


The European Commission has given seven countries the green light to support battery projects with  3,2 billion euros in subsidies. By doing this, it wants to stimulate the development of strong pan-European battery industry. The countries involved are Germany, France, […]


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VW ID.3: extra production plant and investments
Arnaud Henckaerts Posted On November 20, 2019


Volkswagen chooses Dresden as its second production site for its electric ID.3. Next autumn, the ‘Glass Factory’ will build its first ID.3. Now the electric Golf is being built in the building. In addition to car production, the striking factory […]


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FCA in talks with PSA after failed Renault fusion attempt
Arnaud Henckaerts Posted On October 30, 2019


Fiat Chrysler Automobiles and PSA are in merger discussions which could create the fourth largest automotive group. The two groups themselves, on the other hand, refuse to “comment on market rumors”. However, after the merger with Opel, PSA said it […]


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AB InBev’s ‘beer train’ to ease congestion in Antwerp
Arnaud Henckaerts Posted On October 29, 2019


AB InBev has opened a new train connection in the port of Antwerp for the transport of its Stella Artois beer. The train runs from Katoen Natie’s warehouse on the right bank of the river Scheldt to the DP World […]


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Import of used gasoline cars doubles in Belgium
Joris Van Roy Posted On October 16, 2019


According to figures from Car-Pass, the number of second-hand cars imported in Belgium has doubled since 2015, from 6% then to 12% last September. It’s becoming difficult to find the right used gasoline car in Belgium, as the decline of […]


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30% less visitors at IAA Motorshow in Frankfurt
Tony Verhelle Posted On September 24, 2019


The two-yearly Frankfurter IAA Motorshow closed its doors last Sunday with a total of 560.000 visitors, 30% less than two years ago (810.000) and 40% less than in 2015 (932.000). Another sign of the crisis the German car industry is […]


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Brexit: extreme Belgian emergency plan for traffic chaos
Luc Joris Posted On September 23, 2019


The Belgian Ministry of Internal Affairs has a far-reaching emergency plan ready in case the Brexit leads to traffic chaos. There are filter blockades, forced traffic, and even closing borders. “The Brexit may bring extra traffic to the ports of […]


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KBC: Hard Brexit worst for automotive and transport
Arnaud Henckaerts Posted On September 20, 2019


Although a hard Brexit scenario is on hold for the moment, the automotive and transport sectors will be hit the hardest if it hits. That’s what analysts of KBC Asset Management say. The Eurotunnel and airlines, like Ryanair, would take […]


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More freight trains to ease traffic around Antwerp
Arnaud Henckaerts Posted On September 11, 2019


The freight train operator, Lineas, is doubling the number of goods trains to ease the congestion caused by the Oosterweel works in Antwerp. This could double the number of trucks taken out of road traffic. “We want to prepare for […]


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Punch Powertrain cuts 188 jobs
Tony Verhelle Posted On August 30, 2019


Automotive supplier Punch Powertrain wants to cut 188 of the 1.100 jobs it has in its factory near Sint-Truiden (east of Belgium). The producer of automatic gearboxes suffers from the decline of the Chinese car market. It was a turbulent […]


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Automotive industry prepares for bad weather
Tony Verhelle Posted On August 19, 2019


Everywhere in the world car manufacturers are preparing themselves for a bumpy ride. The German car industry is suffering; the neighboring countries are dragged with it; the big US manufacturers are building strategic reserves. The industrial activity in Germany shrinks, […]


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Hard times for Belgian automotive suppliers
Arnaud Henckaerts Posted On August 16, 2019


The current economic climate with slow car sales is detrimental to Belgian automotive suppliers. According to technological industry federation Agoria, their turnover is down by 15% in the first semester, with 8 out of 10 suppliers affected. Belgium has 130 […]


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