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%.
News
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.
March 13, 2024
Heilind Electronics, a global leader in connector distribution, and Panduit, a renowned supplier of networking and electronic solutions, will participate in the upcoming Automotive Expo & B2B Meetings, co-located with the Manufacturing Expo in Sibiu, Romania. With a network spanning 40 locations worldwide, including a new facility in Germany, Heilind ensures efficient order processing and offers global "Value-Added Services." Together with Panduit, a provider of innovative electrical and network infrastructure solutions, Heilind will present the latest advancements in electronics, mobile solutions, software development and energy technologies at Automotive Expo.
March 11, 2024
BMW and NTT DATA have signed an agreement to establish a Joint Venture in Romania. The BMW Group and NTT DATA have been collaborating across a wide array of projects for over 30 years.
The companies announce plans to open a new software development center for software solutions in Cluj-Napoca. This collaboration aims to assist the carmaker in leading the digital transformation.
March 7, 2024
Series production will start in Romania and Mexico in 2025; in this context, FORVIA HELLA will also bring the NCAP-relevant safety function "Child Presence Detection" based on ultra-wideband technology onto the streets for the first time.
The Smart Car Access system from FORVIA HELLA is based on ultra-wideband technology (UWB). The system allows the end user to open and close the car completely hands-free and start the engine without having to pick up their smartphone.
March 6, 2024
Energy prices increased 1.1% in February, led by oil (+3.7%).
Raw materials gained 0.8%, while beverages surged by 12.7%.
Metal prices declined by 1.9%, led by iron ore (-8.4%) and zinc (-6.2%).