Osram advises investors to accept $4.8 billion offer from AMS

VIENNA (Reuters) – German lighting group Osram (OSRn.DE) advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS (AMS.S) (AMS.VI) and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive. FILE PHOTO: The logo of German lighting manufacturer Osram is seen behind light… Continue reading Osram advises investors to accept $4.8 billion offer from AMS

Results of the public consultation on reducing CO2 emissions from road vehicles

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Results of the public consultation on reducing CO2 emissions from road vehicles

23/04/2012The results of the Commission's online consultation on strategy and options to reduce road vehicle greenhouse gas emissions are now available.
Between September and December 2011, the Commission held an online public consultation on road vehicle CO2 emissions. The consultation was designed to gather input for a review of the 2020 targets for emissions of CO2 from cars and vans, for which an Impact Assessment is currently in preparation in view of a proposal to be presented this summer. The consultation also provides input for the Commission's work to develop a strategy on reducing Heavy Duty Vehicle greenhouse gas emissions, scheduled for 2013.

The online consultation received over 3,000 responses, the majority from individuals with 137 from registered stakeholder organisations.

A large number of respondents, primarily individuals, felt th..

BMW M Boss Hints Standalone Sports Car Is Coming

It would likely be a full EV, possibly a PHEV. The BMW M Division will allegedly have its own, standalone model for the first time since the famous M1 supercar (pictured below). In an interview with Top Gear, M Division head Markus Flasch says, “we have some very concrete plans for something new.” He suggests the vehicle wouldn’t… Continue reading BMW M Boss Hints Standalone Sports Car Is Coming

StreetScooter To Enter China Through JV With Chery

StreetScooter to expand to China and the ASEAN region through a joint venture with Chery. U.S. entry also planned. As part of an economic agreement reached during German Chancellor Angela Merkel’s trip to China, Deutsche Post DHL‘s subsidiary StreetScooter signed a Memorandum of Understanding (MoU) with Chery Holding Group to enter the Chinese market. The… Continue reading StreetScooter To Enter China Through JV With Chery

Vedanta launches primary foundry alloy for auto industry

Localisation of the raw material supply chain will help the Indian automotive industry. New Delhi: Vedanta Aluminium has announced the formal launch of its newest product line, Primary Foundry Alloy (PFA) for the Indian automotive industry. The company has unveiled the product at the 59th Society of Indian Automobile Manufacturers (SIAM) annual convention 2019. The… Continue reading Vedanta launches primary foundry alloy for auto industry

VW CEO shifts strategy from empire building to efficiency

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) has abandoned its decades-old obsession with empire building and no-expense-spared engineering to free up resources for the development and mass production of electric cars, its CEO Herbert Diess told Reuters. FILE PHOTO: Herbert Diess, CEO of German carmaker Volkswagen AG, gestures in front of an ID.3 pre-production prototype during the… Continue reading VW CEO shifts strategy from empire building to efficiency

The history: Porsche, the electrical pioneer

Ferdinand Porsche, later the founder of the company of the same name, was fascinated by electricity even as a teenager. As early as 1893, the 18-year-old installed an electric lighting system in his parents’ house. In the same year Porsche joined Vereinigte Elektrizitäts-AG Béla Egger in Vienna. After four years there, he progressed from mechanic… Continue reading The history: Porsche, the electrical pioneer

Press: Update on ZF Friedrichshafen AG’s strategic focus on commercial vehicle brakes

Important Information This announcement is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into the United States of America (including its territories and possessions, any State of the United States and the District of Columbia) (the “United States”), Australia, Canada or Japan or any jurisdiction into which… Continue reading Press: Update on ZF Friedrichshafen AG’s strategic focus on commercial vehicle brakes

Volvo Trucks’ New River Valley plant 3D prints over 500 tools and fixtures

The North American branch of car manufacturer Volvo Trucks has 3D printed 500 manufacturing tools and fixtures, including a one-piece diffuser used in the paint atomizer cleaning process. Incorporating Selective Laser Sintering (SLS) technology, Volvo’s New River Valley (NRV) plant in Virginia, where all trucks for the North American market are produced, has enabled quicker production… Continue reading Volvo Trucks’ New River Valley plant 3D prints over 500 tools and fixtures

Isolation and distrust brought down Nissan CEO Saikawa

TOKYO — Nissan Motor CEO Hiroto Saikawa’s upcoming resignation on Monday may have been triggered by allegations that he inflated his compensation, but the root of the problem lies in his failure to earn the trust of fellow executives. Nissan management was rattled by a Wall Street Journal article in early August that reported on… Continue reading Isolation and distrust brought down Nissan CEO Saikawa