Asset management company Blackrock has joined a group of Volkswagen shareholders who are bringing a lawsuit against the German automaker over its diesel emissions scandal. Law firm Quinn Emanuel is expected to file complaint on behalf of ...
Tags: Blackrock, lawsuit, Volkswagen
Magna International will manufacture the new 5 Series sedan for the BMW Group at its contract Graz vehicle assembly facility in Graz, Austria. The production, which is expected to begin in 2017, will be split with BMW Group's ...
The supervisory board of SUSS MicroTec AG of Garching, Germany, which makes photomask aligners, laser processing systems and wafer bonders, has appointed Dr Franz Richter as a new member of the management board (with a contract running for ...
Tags: SUSS MicroTec, former company veteran, ceo
The Free and Hanseatic City of Hamburg and the Volkswagen Group will collaborate over the next three years to jointly develop innovative solutions for making urban mobility more environmentally-friendly, safer, more reliable and more ...
Tags: Hamburg, Volkswagen, partnership
Smoothie King is proud to announce its expansion into the Middle East, with the opening of its first location in Dubai on September 1, 2016. Through its partnership with Al Ghurair Retail, Smoothie King is providing guests at the BurJuman ...
Tags: Smoothie King, expansion, first store
Audi is expanding its activities in China. Together with Volkswagen Automatic Transmission Tianjin (VWATJ), the premium brand is inaugurating a new transmission plant. The plant, in the northern China harbor city of Tianjin, will supply ...
Tags: Audi, VWATJ, transmission production
Identifying the potential for running pumps as turbines originated because companies wanted to assess the impact on their systems if a pump stopped and went into reverse operation. One international pump manufacturer decided to examine the ...
Krones intends to expand its Rosenheim plant’s facility in Raubling, Germany, thus ensuring the continued viability of its second-largest production site. After expanding its factory in Rosenheim in 2013, in what was the ...
Tags: Krones, production site, Raubling
For full-year fiscal 2016 (ended 26 June), Cree Inc of Durham, NC, USA has reported revenue of $1.62bn, down slightly on $1.63bn for fiscal 2015, as growth in commercial lighting and stable LED revenue was offset by lower consumer lighting ...
Tags: Cree Inc, revenue report, LED products
Friedrichshafen. ZF Friedrichshafen AG has continued its good business development in the first half of 2016. In the first six months of 2016, sales increased to €17.8 billion and the adjusted operating profit (EBIT) rose to €1.1 ...
Tags: ZF, EBIT margin
The one-millionth Audi Q5 drove off the production line at Audi’s main plant in Ingolstadt, Germany. The jubilee car, an SQ5 in Sepang Blue, will be delivered to a family in Germany. The international success of the Audi Q5 began ...
In the new consumer packaging plant that DS Smith is currently building in Erlensee (close to Frankfurt), the first machines are currently being installed, one after the other. One of them is the new machine for the creation of compressed ...
Tags: DS Smith, Air From Cogeneration
Daimler has trialed a semi-autonomous Mercedes-Benz bus on a 20km drive through Amsterdam in the Netherlands. The Future Bus undertook a manned trip via a section of a bus rapid transit (BRT) line at speeds of about 70km/h using the ...
Tags: Daimler, Semi-Autonomous, Mercedes-Benz Bus
Car washing equipment is a must-see exhibit category among others at this year’s Automechanika Frankfurt, staged September 13 through 17 (photo courtesy of UDN.com). The leading international names from the car-wash business will ...
Workshops for repair specialists at Automechanika Frankfurt are a long-standing tradition and, this year, trade visitors can choose between twelve different professional-development courses – free of charge and in German or English. ...
Tags: Auto Repairing, BASF Coatings