DUBAI, May 23 (Reuters) – A Kuwait Petroleum Corporation-owned firm plans to borrow up to $2.6 billion from banks and export credit agencies to build a liquefied natural gas import terminal, banking sources said. Kuwait Integrated Petroleum Industries Company (KIPIC) will use the money raised to develop the terminal at Kuwait’s Al Zour complex, which… Continue reading Kuwait Petroleum plans $2.6 bln loan for LNG terminal -sources
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Dana Inaugurates New Facility to Support Automakers with Thermal-Management and New-Energy Solutions in Yancheng, China
YANCHENG, China, May 23, 2018 /PRNewswire/ — Dana Incorporated (NYSE: DAN) today inaugurated a facility in Yancheng, China, that will manufacture thermal-management products for conventional and new-energy vehicles. Dana repurposed an 8,000 square-meter (86,000 square-foot) plant with an investment of CNY105 million (US$16.7 million), making it the company’s 16th facility in China and the second in… Continue reading Dana Inaugurates New Facility to Support Automakers with Thermal-Management and New-Energy Solutions in Yancheng, China
DS to launch flagship BMW 5 Series-rivalling saloon in 2020
DS is primed to launch a flagship saloon as early as 2020, according to company sources. It is thought that the new luxury model will be based on the PSA Group’s EMP2 platform, which underpins numerous other cars within the company including the DS 7 Crossback, the recently revealed Peugeot 508 and the Vauxhall Insignia. The… Continue reading DS to launch flagship BMW 5 Series-rivalling saloon in 2020
The start into the rocket age
*/ ]]> Men with Vision: Fritz von Opel in RAK 2 and Otto Willi Gail, author of the book “With Rocket Power into the World – From the Fire Truck to the Spaceship” (back right, with tie). Shortly before the start: The Opel team pushes the RAK 2 on the grid. May 23, 1928, 10… Continue reading The start into the rocket age
FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE
Faurecia announces today an investment in the American startup Promethient, reinforcing the Group’s ecosystem dedicated to thermal management technologies for future mobility solutions. Based in Traverse City, Mich., Promethient designs and produces Thermavance, a climate control technology that is adaptable for multiple vehicle thermal use cases. Thermavance heats and cools through conductive heat transfer, offering… Continue reading FAURECIA INVESTS IN PROMETHIENT AND ACCELERATES THE DEVELOPMENT OF THERMAL COMFORT TECHNOLOGIES FOR THE COCKPIT OF THE FUTURE
Hamburg older diesel car ban begins May 31
Hamburg authorities have announced that a ban of diesel cars of the Euro-5 standard and older will take place from the end of the month. City officials erected signage last week for its ban on diesel vehicles in certain areas of the city, as the country’s air quality measures and backlash against diesel steps up a notch. Officials… Continue reading Hamburg older diesel car ban begins May 31
Workhorse Group Reports First Quarter 2018 Results
CINCINNATI, May 9, 2018 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on providing sustainable and cost-effective electric mobility solutions to the transportation sector, today reported financial results for the first quarter ended March 31, 2018. First Quarter Operational Highlights Announced an expanded partnership with UPS for up to 1000 N-GEN… Continue reading Workhorse Group Reports First Quarter 2018 Results
[Press Release] LG Chem to Attract to Different Market in China LG Chem will showcase its high value-added products and technologies with distinctive features and will actively pursue the Chinese market. In this regard, LG Chemical said it will participate in ‘China Plas 2018’ held in Shanghai, China from April 24 to 27 for four days. 2014.04.23
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[Press Release] LG Chem, the largest quarterly sales figure – sales 6,553.6 billion won / operating profit 6,508 billion won LG Chem posted the highest quarterly sales. In the first quarter of this year, LG Chem announced sales of KRW 6.5536 trillion, operating profit of KRW 650.0 billion, and net income of KRW 552.7 billion. 2018.04.30
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Chief Executive Officer Appointed
Comme suite à la nomination de M. Florent Menegaux en qualité de Gérant Associé Commandité et de M. Yves Chapot en qualité de Gérant non Commandité par l’Assemblée générale mixte des actionnaires de Michelin réunie le 18 mai 2018, la société SAGES, Associé Commandité de Michelin, après consultation du Conseil de Surveillance de Michelin, a… Continue reading Chief Executive Officer Appointed