Frankfurt – November 03, 2026 -- Payments with Germany's girocard cost transit operators just under 1% of turnover on average, against 2.2% for international debit cards and 2.5% for credit cards, according to a Deutsche Bundesbank study cited in a new girocard public transport survey.

GOTHENBURG – – November 03, 2026 --

SKF Vertevo, the automotive business being separated from SKF, has unveiled its stand-alone brand, website and social media channels four weeks before its planned listing on 1 December.

Brand launch follows 2024 separation decision

SKF initiated the separation of its Automotive business on 17 September 2024. On 26 February 2026 it announced the future name, SKF Vertevo. On 1 October 2026, an Extraordinary General Meeting of AB SKF resolved on the distribution of the shares in SKF Vertevo AB.

CHICAGO – November 03, 2026 -- Nearly 1,200 members of Teamsters Local 727 have launched an unfair labor practice (ULP) strike against parking operators across the Chicagoland area, after voting down the employers' "last, best, and final" contract offer.

SHANGHAI – November 03, 2026 -- Envision has supplied certified green ammonia to bunker the Terra Clove, the world's first Very Large Ammonia Carrier (VLAC) with dual-fuel ammonia propulsion, from a plant that currently produces 320,000 tons a year.

The vessel is owned by Eastern Pacific Shipping (EPS) and was built by HD Hyundai Heavy Industries. It was recently named at a ceremony in South Korea.

Frankfurt – November 03, 2026 -- Battery-electric vehicles took more than 8% of Indian passenger car registrations in September 2026, and BEV registrations nearly doubled from a year earlier, according to FADA data cited by consultancy BearingPoint. Tata Motors and Mahindra & Mahindra together captured about 63% of those BEV registrations, narrowing the window for European carmakers to build a position.

London – November 03, 2026 -- Windward, the Maritime AI company, has acquired Azimut.ai, a maritime visual intelligence firm, adding an optical sensing layer to its multi-source platform and moving into ground and ship-based sensors for the first time.

Shanghai – November 03, 2026 -- PATEO has secured a project nomination for a new-generation vehicle from a leading new energy vehicle automaker, with mass production expected in the second quarter of 2027, as it deploys NVIDIA Nemotron and ByteDance's 35-billion-parameter Doubao language model in its AI Box built on NVIDIA DRIVE AGX Thor.

Dubai – November 03, 2026 -- Cars24 and Alba Cars have combined their UAE operations into a used-vehicle retail business selling more than 1,000 vehicles a month. The operating businesses behind Alba Cars are now part of the Cars24 global group.

Alba Cars contributes about 300 monthly sales and 20+ brands

Alba Cars, founded in Dubai in 2015, employs more than 200 people and sells approximately 300 vehicles per month. Its inventory spans more than 20 automotive brands, and it is among Dubai's recognised premium used-car retailers.

Seoul – November 02, 2026 -- XPENG has appointed Lee Man-sik, a 30-year automotive veteran, as Managing Director of XPENG Motors Korea effective December 1, 2026, confirming its planned entry into the South Korean market. The company said launch timing and local business operations will be announced at a later date.

LAS VEGAS – November 02, 2026 -- DRiV, a Tenneco business group, is introducing more than 30,000 new SKUs globally at AAPEX 2026, including a new Fel-Pro oil filter housing assembly, to widen parts coverage for shop owners and distributors.

Rick Pack, VP of Global Product Management, Engineering & Procurement at DRiV, said the expansion targets the evolving needs of customers who rely on the company's brands. The North American portion adds thousands of parts across light vehicle, commercial truck and off-highway applications.