Author: Sam Allcock

Hyundai Mobis (KRX: 012330) is intensifying its strategy for the European market by participating in the Paris Motor Show, Europe’s largest automotive exhibition. Following a record-breaking overseas order volume of KRW 12 trillion (approximately £8 billion) last year, the South Korean automotive parts manufacturer aims to secure new clients and expand its orders in Europe, a significant market known for its rigorous quality standards. The company announced on October 10 that it will set up a booth at the 2024 Paris Motor Show, which commences on October 14 in Paris, France. During this event, Hyundai Mobis plans to showcase its…

Adani Airport Holdings Limited (AAHL), India’s largest private airport operator, has announced a strategic partnership with Thales, a global leader in advanced technologies, aimed at transforming airport operations and enhancing the passenger experience across the country. The collaboration focuses on deploying a fully integrated airport solution built on three key pillars: smart airport security, biometric passenger journeys, and operational efficiency. Since early 2024, Thales has implemented its Fly to Gate solution at seven airports managed by AAHL, streamlining the travel experience for millions of passengers. The Fly to Gate system incorporates advanced facial recognition technology, allowing pre-enrolled passengers to navigate…

The Paris Motor Show, a prestigious event celebrating automotive innovation, will take place from 14-20 October, drawing the world’s leading car manufacturers to one of the globe’s design capitals. This year, GAC Group, a prominent Chinese automotive manufacturer, is set to make a significant impact with its presence, particularly through its electric vehicle (EV) brand, Aion. Having first debuted at the Paris Motor Show in 2018, GAC Group returns with an impressive lineup of high-quality, technology-driven vehicles that have been rigorously tested in diverse markets globally. As Europe emerges as the world’s second-largest market for new energy vehicles, the region…

Zendbox, an eCommerce fulfilment company based in Kent, has achieved a remarkable 300% growth in the last year, expanding from a workforce of 20 to 80 employees and increasing its fulfilment centres from one to four state-of-the-art facilities. The company’s industry-leading 10pm cut-off time, eco-friendly practices, and advanced inventory management technology give direct-to-consumer (D2C) merchants the tools they need to compete with “eCommerce Goliaths.” Zendbox provides order fulfilment services for fast-growing small and medium-sized enterprises (SMEs) as well as renowned brands such as PRIME, USN, Puresport, and fourfive. In 2023, the company processed over three million orders, integrating sales platforms…

Rhine Air, a leading provider of advanced ventilation and respiratory solutions, has announced the appointment of Andrew Conant as the new Director of Business Operations. In his new role, Conant will oversee the entire product line at Rhine Air, with a focus on enhancing sales, driving business development, and managing product strategies. With over 25 years of extensive experience in various sectors, Conant is recognised for his exceptional leadership and expertise in building high-performing teams. His career has been characterised by a strong emphasis on developing robust customer relationships and achieving ambitious revenue growth targets. Conant’s problem-solving skills and strategic…

Delta, a global leader in power management and IoT-based smart green solutions, has announced a significant partnership with IZIVIA FAST, a company under the EDF Group, to deploy ultra-fast electric vehicle (EV) chargers across more than 700 McDonald’s restaurant car parks throughout France. The initiative will see approximately 800 units of Delta’s UFC 200 series, a 200kW DC ultra-fast charger, installed to improve the charging experience for McDonald’s customers. The UFC 200 chargers are designed to charge up to 80% of a typical EV battery in about 20 minutes, significantly reducing downtime for drivers. This collaboration aims to provide excellent…

Understanding Trade Creditors: An Essential Guide for Businesses Introduction Trade creditors play a vital role in the daily operations of any business, especially those involved in the buying and selling of goods or services. They refer to suppliers or vendors to whom a company owes money for purchases made on credit terms. Effectively managing trade creditors is crucial for maintaining cash flow, establishing strong supplier relationships, and ensuring a company’s financial stability. In this article, we’ll explore what trade creditors are, their importance, how to manage them, and the implications they have on financial statements. What Are Trade Creditors? Trade…

Hyundai Motor Company and Toyota Motor Corporation have unveiled plans to host a joint motorsport event, the ‘Hyundai N x TOYOTA GAZOO Racing Festival’. The event is scheduled for October 27, 2024, at Everland Speedway in Yong-in, South Korea. The event will highlight high-performance motorsport vehicles, showcasing both Hyundai N and Toyota GAZOO Racing’s prowess on the track. The ‘Track Day’ will feature an array of rally cars and high-performance models from both brands, providing attendees with an immersive experience into high-speed motorsport. Hyundai N’s World Rally Championship (WRC) models will be on display, including the i20 N Rally 1…

Renault Korea has unveiled its Grand Koleos SUV, featuring a cutting-edge infotainment system powered by multimedia specialist Cinemo. The hybrid SUV, set to launch this autumn in Korea, promises a premium in-car entertainment experience, thanks to the integration of Cinemo’s CARS Online Video technology. Passengers and drivers alike can stream their favourite movies and TV shows via the Renault CINEMA app on two 12.3-inch front-row screens, enhancing long journeys with high-quality media content. With Bluetooth headphones ensuring distraction-free viewing, the infotainment system allows for seamless video streaming, even when the car is in motion. Regis Brignon, Renault Korea’s Software and…

Fleet Management Limited, part of The Caravel Group, has appointed Captain Rajalingam Subramaniam as its new Chief Executive Officer. Captain Subramaniam will take over from Dr. Kishore Rajvanshy, who is stepping down after three decades at the helm of the global ship management company. Captain Subramaniam joins the company on 21 October 2024 as “CEO Elect” and will officially assume the role on 1 January 2025. He will report to Dr. Harry S. Banga, Chairman and CEO of The Caravel Group. Dr. Rajvanshy, who has served as Managing Director since Fleet Management’s inception, will transition to a senior advisory role…