TES, a provider of sustainable technology lifecycle services, has taken over a recycling facility at the Port Of Rotterdam, Europe’s largest seaport, from Battery Recycling Services Netherlands. TES plans to focus the facility on the recycling of lithium-ion batteries. TES already operates similar facilities in Grenoble, France and in Singapore. The facility currently covers 10,000… Continue reading Battery recycling plant at Port of Rotterdam to open in 2022
Tag: Manufacturing
@Toyota: A Journey with Joby Aviation: From Investment to Strategic Manufacturing Collaboration
At Toyota Ventures, we are on a mission to discover what’s next for Toyota by helping early-stage startups bring disruptive technologies and business models to market quickly. When we make an investment, it’s the first step in a much longer journey that we’re taking with our portfolio companies. We believe their success is our success.… Continue reading @Toyota: A Journey with Joby Aviation: From Investment to Strategic Manufacturing Collaboration
@Groupe PSA: PR First Half 2021 Results002222
Stellantis Reports Record H1 Pro Forma(1) Results with 11.4% Margin, All Segments ProfitableFull-Year Guidance Raised to ~10% Adjusted Operating Income(2) Margin Pro Forma(1) Net revenues of €75.3 billion, up 46% Pro Forma(1) Adjusted operating income(2) (“AOI”) of €8.6 billion, with 11.4% margin; record North America margin at 16.1% Strong start to synergies execution, with ~€1.3 billion of net… Continue reading @Groupe PSA: PR First Half 2021 Results002222
@BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Half-Year Report to 30th June 2021001350
Ladies and Gentlemen, Good morning! In the second quarter of 2021, as expected, the BMW Group was able to build on its strong performance of the first three months. Individual mobility remains in high demand across the globe. The EBIT margin in the Automotive Segment for the year to the end of June was 13.0%… Continue reading @BMW: Statement Dr Nicolas Peter, Member of the Board of Management of BMW AG, Finance, Conference Call Half-Year Report to 30th June 2021001350
@BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Half-Year Report to 30th June 2021001349
Good morning, Ladies and Gentlemen. The performance of BMW is undisputed. As Nicolas Peter told us. We are on the right track. We are making the right decisions at the right time: the decisions that will keep our company profitable and successful for a long time to come. Ladies and Gentlemen,What is the world most concerned with… Continue reading @BMW: Statement Oliver Zipse, Chairman of the Board of Management of BMW AG, Conference Call Half-Year Report to 30th June 2021001349
@BMW: BMW Group boosts profitability and earnings in second quarter despite semiconductor shortage001347
Munich, Germany – August 3, 2021… The BMW Group continued performing dynamically in the second quarter, setting new record figures for sales, earnings and net profit. Demand for the Group’s premium vehicles has remained strong, with continued good pricing.Reported figures for the second quarter improved significantly compared to one year earlier, when the BMW Group… Continue reading @BMW: BMW Group boosts profitability and earnings in second quarter despite semiconductor shortage001347
Chinese EV maker Li Auto launches $1.9bn Hong Kong listing drive
HONG KONG — Chinese electric vehicle maker Li Auto is seeking to raise $1.9 billion through a listing on the Hong Kong Stock Exchange that will give it greater security amid rising capital market tensions between Washington and Beijing. Li Auto went public only a year ago on the Nasdaq Stock Market, raising $1.1 billion.… Continue reading Chinese EV maker Li Auto launches $1.9bn Hong Kong listing drive
EV powertrains set to disrupt auto industry’s pecking order
TOKYO — Electric-vehicle makers including Hyundai Motor and Stellantis have begun to look beyond their own development teams for powertrain systems — the throbbing heart that makes EVs go — in a trend that could reshape decades-old automotive supply chains. EV powertrains, called e-axles, combine motors, gearboxes and other drive components into one system that plays a… Continue reading EV powertrains set to disrupt auto industry’s pecking order
Nidec Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd., and Announces an Outline of Its New Subsidiaries
KYOTO, Japan, Aug. 03, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that it has completed yesterday, with certain exceptions, the acquisitions of: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine… Continue reading Nidec Completes the Acquisitions of Stock, Etc. of Mitsubishi Heavy Industries Machine Tool Co., Ltd., and Announces an Outline of Its New Subsidiaries
Eaton (ETN) Tops Q2 Earnings and Revenue Estimates
Eaton (ETN) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.97%. A quarter ago, it was expected that this… Continue reading Eaton (ETN) Tops Q2 Earnings and Revenue Estimates