Specialty formulations to deliver biobased and molecular-recycled content KINGSPORT, Tenn., Nov. 17, 2020 /PRNewswire/ — Eastman and Gruppo Maip, a leading international plastics formulator and compound producer based in Turin, Italy, have announced a partnership to formulate new sustainable polymer solutions for automotive interior applications. This will enable an exclusive portfolio of formulations based on Eastman’s Advanced… Continue reading Gruppo Maip, Eastman partner on sustainable automotive materials
Tag: Strategy
Meritor Announces Redemption of $275,000,000 of the Outstanding $450,000,000 Aggregate Principal Amount of its 6-1/4% Notes due 2024
TROY, Mich., Nov. 17, 2020 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has issued a notice of redemption for $275,000,000 of the outstanding $450,000,000 aggregate principal amount of its 6-1/4% notes due 2024 (the “Notes”). The redemption date is Dec. 16, 2020 (“Redemption Date”), and the redemption price will be equal to 102.083%… Continue reading Meritor Announces Redemption of $275,000,000 of the Outstanding $450,000,000 Aggregate Principal Amount of its 6-1/4% Notes due 2024
German Handelsblatt: Daimler and Geely: “Horus” secret project: the Chinese will build Mercedes engines on a grand scale in future 000788
Engine production at Mercedes The DAX group Daimler and its Chinese shareholder Geely want to leverage synergies in production. (Photo: dpa) Munich, Frankfurt When Geely founder Li Shufu spectacularly secured almost ten percent of the shares in Daimler at the beginning of 2018, the reservations in Stuttgart were great. The new major shareholder from the… Continue reading German Handelsblatt: Daimler and Geely: “Horus” secret project: the Chinese will build Mercedes engines on a grand scale in future 000788
@Daimler: Mercedes-Benz EQC gets going on a faster charge: Full power ahead into the modification year
Stuttgart. Electrically-operated vehicles from Mercedes-Benz are enjoying increasing popularity. A total of 45,000 electric vehicles and plug-in-hybrids (xEVs) were delivered worldwide by the company in the third quarter of 2020, including around 2500 EQC in September. Mercedes-Benz is upgrading the technical specification of the EQC 400 4MATIC (combined electrical consumption: 21.3-20.2 kWh/100 km; combined CO2 emissions: 0 g/km)[1]… Continue reading @Daimler: Mercedes-Benz EQC gets going on a faster charge: Full power ahead into the modification year
@niche: From Lordstown Motors Lordstown Motors Releases Business Updates; Remains on Track to Begin Production …000296
LORDSTOWN, OH (November 16, 2020) – Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, today announced recent commercial, operational and strategic developments, as it remains on track to begin production of the Lordstown Endurance, the world’s first full-size, all-electric pickup truck, in the… Continue reading @niche: From Lordstown Motors Lordstown Motors Releases Business Updates; Remains on Track to Begin Production …000296
Valmet Automotive successfully completes the sale of its Engineering Services business
Valmet Automotive now has successfully completed the sale of its Engineering Services business to Mutares SE & Co. KGaA, after having received the approval of the antitrust authorities. Valmet Automotive is now focusing its engineering efforts on Electric Vehicles battery systems, on roof and kinematic systems, as well as the manufacturing engineering for its products,… Continue reading Valmet Automotive successfully completes the sale of its Engineering Services business
Cummins Leadership Shares Hydrogen Technology Strategy and Plans for Continued Growth
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI), a global power leader, today shared how the company plans to grow its fuel cell and hydrogen production business and further solidify the company as a global power leader. “As the world transitions to a low carbon future, Cummins has the financial strength to invest in hydrogen and battery… Continue reading Cummins Leadership Shares Hydrogen Technology Strategy and Plans for Continued Growth
German Handelsblatt: Automobile industry: Porsche SE puts pressure on its tech holdings000782
Traffic in Shanghai PTV’s software is designed to help monitor the flow of traffic. (Photo: Bloomberg) Stuttgart The VW parent company Porsche SE is pulling the reins on its investments. In addition to the large stake in the Volkswagen Group, the holding company, in which the Porsche and Piëch families have the say with 100… Continue reading German Handelsblatt: Automobile industry: Porsche SE puts pressure on its tech holdings000782
Continental Expands its Plastics Expertise for Thermo Management at Specialist Tech Centers
Mobility of the future: experts conduct research and development on high-performance plastics for innovative electric and hybrid vehicle solutions at three German locations Automotive manufacturers benefit: entire development process chain from one source Fewer CO2 emissions: lightweight solutions thanks to new materials and connection concepts Hanover, November 16, 2020. Technology company Continental is expanding its… Continue reading Continental Expands its Plastics Expertise for Thermo Management at Specialist Tech Centers
German Handelsblatt: Uyghur suppression: China plant damages VW’s reputation – the group is now defending itself against allegations000780
Volkswagen plant in China To ensure that no employees work under duress at the Volkswagen plant in Urumchi, the company has set up a whistleblower system and an external ombudsman, among other things. (Photo: Reuters) Beijing, Frankfurt Forced sterilizations, forced labor, mass internments – these are serious allegations that are made against the Chinese government… Continue reading German Handelsblatt: Uyghur suppression: China plant damages VW’s reputation – the group is now defending itself against allegations000780