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ANTI-CORRUPTION organisation Transparency International (TI) has called for a comprehensive tightening of regulatory and commercial action to restrict how luxury goods are abused as money laundering vehicles and to promote graft.

A new TI report ‘Tainted Treasures: Money laundering risks in luxury markets’ concludes that too little due diligence focuses on luxury goods buyers and where there are luxury goods laws, enforcement is weak.…

THE CHIEF executive of a major Pakistan government economic development agency has told wardsauto that Volkswagen has made significant progress in talks to establish new manufacturing production in this key south Asian market’s port city of Karachi. The latest fruit of the business-friendly policies pursued by Prime Minister Nawaz Sharif, “Volkswagen Commercial Vehicles is in final talks with Premier Systems Private Limited – the authorised importer of Audi vehicles in the country – to set up a manufacturing/assembly plant for its Amarok and T6 (transporter range) models and Volkswagen,” Tariq Ejaz Chaudhary, CEO of Pakistan’s Engineering Development Board told wardsauto.…

TURKEY’S automotive manufacturing sector is thriving, despite the political turmoil suffered by its home country political instability and war in neighboring countries, with the industry predicting an increase in exports this year.

According to data from the country’s Automotive Industry Association (OSD – Otomotiv Sanayii Derneği), of the USD142.6 billion dollars’ worth of goods and services exported by Turkey in 2016, around USD24.25 billion’s worth of these were manufactured by the Turkish automotive sector.…

AUTOMOTIVE parts and vehicles have become the second most dangerous category of goods in the European Union (EU) in 2016, according to the most recent annual report of the EU’s ‘Rapid Alert System for non-food dangerous products’, or RAPEX.

The system routes safety alerts about consumer products within the 28 member states of the EU.…

THE ROBUST growth of the Mexican automotive coatings market over the past six years looks is likely to end in 2017, according to the Mexican Association of Paint and Ink Producers (ANAFAPYT).

Mexican production of automotive coatings almost doubled from 2010 to 2015, going from 57.3 million liters to 106.2 million liters, say figures from ANAFAPYT (Asociación Nacional de Fabricantes de Pinturas y Tintas).…

THE MARKET for nonwovens for the automotive industry is forecast to continue to grow with China being the driving force, but clever producers will diversify their product lines to include filters, experts at a Nonwovens for High-performance Applications conference in Prague, have heard.…

DECARBONISING air travel is increasingly becoming a priority for the aviation sector. Indeed, the world’s first, fully hydrogen fuel cell-powered four-passenger aircraft with zero-emissions launched last October could be a game changer – as researchers now look to apply the technology to bigger planes.…

JAPAN’S flair in developing effective cutting edge technology is of course well-known, and with an ageing population and still restricted immigration, the potential domestic market for medical and health-focused technical textiles is significant. Amidst shortages of construction, manufacturing and other manual workers, many Japanese industries are purchasing and even developing wearable products that companies can use to monitor or maintain the health of their increasingly stretched and ageing staff, as well as those working from remote locations.…

BIOMETRIC identification, use of blockchain technology to protect the Internet of Things (IoT), artificial intelligence and better surveillance of the deep and dark web will continue to influence intruder detection and prevention developments this year.

Accounting and auditing network Deloitte Global estimates that 40% of smartphones in the developed world will be using fingerprints as a personal security mechanism by the end of 2017.…

India’s complex Goods and Services Tax (GST) regime is set for a launch on July 1 with complicating features such as multiple tax rates and a separate law to guarantee minimum revenues to the country’s states. The central government is moving ahead with the plans, even as the country’s USD2 trillion economy recovers from the shock of November’s withdrawal of high value banknotes.…