Search Results for: europe-may-report

2021-03-20

Norway May Block Acquisition of Bergen Engines Plant

Maxim Sakov
Maxim Sakov

The Department of National Security of Norway may block the purchase of engine OEM Bergen Engines belonging to Rolls-Royce by Russian Transmash-Holding. According to Justice Minister of Norway Monica Melan, the acquisition may be a threat to national security. The deal is estimated at €150 million. According to the minister, it’s necessary to suspend a deal to collect information for making a final decision.

Bergen Engines was founded in 1946. Since then, the company delivered more than 7,000 engines, 5,000 of them still operating. Current personnel number is 900 people.

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2021-07-27

Sinara May Dismiss 20% of Workers Because of Reduced Orders

Maxim Sakov
Maxim Sakov

The machine building company “Sinara – Transport machines” (STM), says it may be forced to dismiss 20% of personnel because it has lost most of its orders from Russian Railways for cranes and other railway service machines.

Sinara has lost 85% of the orders from Russian Railways for railway service machines. Because of decreasing orders from the railway monopoly, the main client of STM, 7,000 people on its plants have not worked since August. The total personnel number in STM is 32,000 people, so about 20% of its personnel is questionable. Now, the company is looking for a way to re-qualify these people

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2023-10-23

EU May Impose Tariffs on Chinese EVs

In her annual State of The EU address on Sept. 13, 2023, European Commission President Ursula von der Leyen suggested that Chinese manufacturers are dumping Chinese EVs on EU customers that are priced below what domestic manufacturers charge.

She suggested that the root cause of the problem is the heavy subsidies provided to Chinese automakers by the central government — subsidies that allow them to sell Chinese EVs at artificially low prices to the detriment of domestic companies. If so, she warned the EU would consider imposing new tariffs on Chinese cars to level the playing field.

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PowerTALK™ News, May 2020

PSR Power Talk_26May2020-F2Download

COVID-19 continues to make a huge impact on global production of engines and equipment. While the impact is stabalizing in some areas, it is growing rapidly in other regions, such as Brazil and South America. Read about it in the May issue of PowerTALK News.

In This Issue:

  • NA: COVID-19 Webinar Scheduled with HDMA
  • NA: Vertical Integration Key for EVs
  • NA: New Class of Hybrids
  • NA: CORVID-19 Cuts Profits at HOG and PII
  • NA: DataPoint: PWC
  • Europe: ARGO Tractors Resumes Operations
  • Brazil: Commercial Vehicle Production Slides
  • Japan: Fuel Cell Joint Development Advances
  • Korea: Hyundai and Kia Expand EV Models
  • Southeast Asia: COVID-19 Stalls China Belt & Road
  • India: COVID-19 Lockdown
  • Russia: April New Car Sales Drop 70%
  • Russia:  Automaker To Receive Support
  • Russia: KAMAZ Driverless Trucks Tested
  • Russia: Electric GAZelle LCV Launched

PowerTALK May 2018

Autonomous Vehicles Long Way Off

Readers of PowerTALK aren’t looking for autonomous vehicles to hit the roads soon, if our survey published last month is any indication.

In the April issue of PowerTALK, we asked readers, “When do you think a fully autonomous vehicle will be available in the market place?” Only 22.22% of respondents said it would happen within five years. More, 33.33%, said it would happen in the period of six to 10 years.

Other Top Stories in this issue of PowerTALK include

  • Don’t look for autonomous vehicles soon
  • NA power boat demand grows
  • Brazil Agrishow 2018 Report
  • JCB reduces backhoe production
  • Royal Enfield eyes global markets
  • Nissan to drop diesels in Europe
  • Russian car sales climb 18%

2021-09-26

California May Ban Gas-Powered Lawn Mowers and Leaf Blowers

Michael Aistrup
Michael Aistrup

California may soon ban the sale of gas-powered leaf blowers and lawn mowers under a bill the Legislature passed and sent to Gov. Newsom.

Assembly Bill 1346 would direct the California Air Resources Board to phase out the sale of “small off-road engines” by 2024, or as soon as the board finds feasible, whichever is later.

The bill’s author, Assemblyman Marc Berman, D-Menlo Park, tweeted that the state will spend $30 million “to help gardeners transition to cleaner, greener equipment.”

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2021-07-27

ENGIE EPS Acquisition May Create Euro-Asian Powerhouse

Erik Martin
Erik Martin

TAIPEI–The acquisition of a 60.5% stake in ENGIE EPS by Taiwan Cement Corporation (TCC) was finalized and completed in July.

The deal, which was announced in April, saw the Italy-headquartered stationary storage and e-mobility solutions subsidiary of French multinational Engie taken over by TCC subsidiary Taiwan Cement Europe Holdings.

What both parties get out of the deal

In a press release, TCC said it has now become a “major player” in electric vehicle charging infrastructure as well as its newly acquired capabilities in building large-scale battery storage systems and microgrids.

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2023-04-16

2030 PWC Market May Hit $3.01 Billion

Michael Aistrup
Michael Aistrup

Personal watercraft (PWC), often known as a jet ski, is a watercraft that can carry as many as three people. A PWC Sit-Downs is defined as a vessel specifically designed to haul up to three riders in a sitting position, one in front of another. A PWC Stand-Up is a type of PWC designed for one rider standing or kneeling on the watercraft.

The PWC has wide uses, ranging from recreation and racing to many types of utility. PWCs are used to help with rescue missions as they are small, fast, and easy to operate. Local and county law organizations use PWCs to ensure the safety and security of persons engaged in watersports.

Market Size. According to Power Systems Research, the global market size for PWCs is expected to grow at a CAGR of 5.7% between 2022 and 2030. Global revenue for 2030 is forecasted to be $3.01 billion.

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2021-12-19

GAZ Group May Start Mass Production of Hydrogen Engines in 2.5 Years

This report comes from General Director of GAZ Power Aggregate division Konstantin Rukhani. “After 18 months we shall complete the tests, after about 2.5 years, we’ll come to mass conveyor production,” he told Ruhani. He added that the design of the new hydrogen engine will be similar to its gas reciprocating engine.

“We consider that at the moment, if we come to the strategy of use gas piston engine working on hydrogen, we can get vehicle with a price of 30-34% higher than current ones. The engine will be less demanding for the purity of hydrogen fuel,” he added.

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