Search Results for: report-sea-japan-2018-show

Rolls-Royce Reports 16% Revenue Growth in 2023

EUROPE REPORT 
Natasa Mulahalilovic
Natasa Mulahalilovic

Rolls Royce Power Systems Business Unit, based in Friedrichshafen, Germany, reported sales of EUR 4.56 billion in fiscal 2023, a 16% increase over 2022. Operating profit hit 10.2%, up from 8.4% in 2022.

The operating profit increase is due to the investments in transformation and process optimization, implementation of a new commercial policy, better cost, and stock management.

Strong demand for standby power generation especially for data centers, implementation of the “From bridge to the propeller” strategy for large yachts, and development of an energy storage systems in Europe integrating renewable energies into the Duch public grid have contributed significantly to the revenue growth.

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Car OEMs Announce US$ 14.3 Billion Investment in Brazil

BRAZIL/SOUTH AMERICA REPORT 
Fabio Ferraresi
Fabio Ferraresi

In the past three months, the aggregate investments announced by automotive manufacturers in Brazil have reached a total of US$ 14.3 billion. The largest individual investment came from Stellantis, committing US$ 6 billion to the country between 2025 and 2030, marking a record sum among major vehicle manufacturers operating within the nation. A significant portion of this investment will be directed towards the development of flex-hybrid models.

This investment influx began in December, with Renault earmarking US$ 500 million for the production of a new SUV in Paraná, featuring engine variants that blend ethanol, gasoline, and electricity. In January this year, General Motors (GM) unveiled investments totaling US$ 1.4 billion aimed at product rejuvenation.

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2024-04-17

Hyundai-Kia and Stellantis Plan Different EV Strategies in India

INDIA REPORT
Aditya Kondejkar

“India is a key market for vehicle electrification, particularly due to the government’s carbon neutrality goals, which makes securing cost competitiveness through localized battery production crucial,” Heui Won Yang, president and head of Hyundai Motor and Kia’s research and development division.

Source: Business Standard.     Read The Article

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VW To Inject €2.5 billion into Hefei Base

CHINA REPORT
Jack Hao
Jack Hao

Facing intense competition in China’s new energy vehicle market, Volkswagen has decided to increase investment in its Hefei base. On April 11, Volkswagen announced an additional investment of €2.5 billion in its production and innovation center in Hefei to further strengthen its local R&D capabilities.

It has been reported that this investment will also be used to accelerate the development and production of two Volkswagen brand smart electric vehicle models co-developed with Xiaopeng Motors. Volkswagen revealed that the first model, a mid-size SUV, is planned to enter production in 2026.

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John Deere Announces Investments in Brazil

BRAZIL/SOUTH AMERICA REPORT 
Fabio Ferraresi
Fabio Ferraresi

John Deere, has announced the acquisition of the condominium housing the company’s regional office in Indaiatuba (SP) and the Parts Distribution Center for South America (SA-PDC) in Campinas (SP), along with adjacent land for future expansion. The company also recently has acquired two plots in the Montenegro Industrial District (RS). These investments are part of the company’s ongoing commitment to development and expansion in the national market.

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A New Path for Van Hool

EUROPE REPORT 
Emiliano Marzoli
Emiliano Marzoli

Brussels, Belgium – After weeks of uncertainty and, finally, a bankruptcy, bus and trailer manufacturer Van Hool can look to the future again.  The company trustee has accepted the bid from the competitor VDL – Schmitz-Cargobull.  This move was seen by the trustee as the quickest and most efficient way to restart the operations without losing additional company value, and important resources. 

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