Daily Archives: 24, August 2018

Volkswagen allocates EUR 3.5 billion for digitalization initiative through 2025

Creation of Group-wide platform and digital services for “Volkswagen We” ecosystem picking up pace €3.5 billion for digitalization initiative through 2025 planned Cooperation projects and acquisitions to build up software competence planned for near future Mission: transformation from automaker to … Read the full press release

Volkswagen to launch all-electric car sharing offering in selected major cities under its “We Share” sub-brand

The Volkswagen brand enters car sharing with 2,000 all-electric vehicles in Berlin “We Share” service scheduled to begin in second quarter of 2019 Launch in further cities in Germany, Europe and North America from 2020 BERLIN, 24-Aug-2018 — /EuropaWire/ — The … Read the full press release

Airbus-built Aeolus wind sensing satellite successfully launched from Kourou, French Guiana

Airbus-built Aeolus satellite to map Earth’s wind in real-time Kourou, French Guiana, 24-Aug-2018 — /EuropaWire/ — Aeolus, the European Space Agency’s wind sensing satellite, built by Airbus, has been successfully launched from Kourou, French Guiana. The satellite will now undergo a … Read the full press release

Sika opens new factory in Dubai for the production of high-performance concrete admixtures

BAAR, 24-Aug-2018 — /EuropaWire/ — Sika is developing its operations in the United Arab Emirates (UAE) with the opening of a new factory in Dubai. An existing production facility for concrete admixtures has been relocated to the new site and expanded. … Read the full press release

Kuehne + Nagel partners with Chinese automotive logistics group Sincero over contract logistics for the automotive sector

Kuehne + Nagel to hold the majority share of the joint venture Enlargement of the contract logistics footprint for the automotive industry in China by almost 70 per cent Important step to further accelerate the growth in China’s automotive logistics … Read the full press release

Novartis: the global Phase III SOLAR-1 trial evaluating the investigational alpha-specific PI3K inhibitor BYL719 has met the primary endpoint

SOLAR-1 evaluated BYL719 plus fulvestrant vs. fulvestrant alone in HR+/HER2- advanced breast cancer patients with PIK3CA mutations who progressed on or following treatment with an aromatase inhibitor with or without a CDK4/6 inhibitor[1] Approximately 40% of HR+ advanced breast cancer … Read the full press release

DNV GL issues the world’s first project certificate for photovoltaic (PV) power plants to CLP India’s Veltoor Solar Power Project in Telangana, India

TELANGANA, India, 24-Aug-2018 — /EuropaWire/ — DNV GL, issued the world’s first project certificate for photovoltaic (PV) power plants to CLP India’s Veltoor Solar Power Project in Telangana, India. The project is owned by SE solar Ltd (SPV of Suzlon Energy … Read the full press release

MHI Vestas Offshore Wind signs conditional agreement for the Moray East offshore project in the UK

AARHUS, 24-Aug-2018 — /EuropaWire/ — MHI Vestas Offshore Wind has signed a conditional agreement for the Moray East offshore project in the UK. The project is to be delivered by MHI Vestas Offshore Wind and will not enter into the order … Read the full press release

German première of the 290 PS Golf GTI TCR Concept at the GTI Coming Home Wolfsburg 2018

Volkswagen is hosting the second GTI Coming Home event in the home town of the Golf on 1st September 2018 From Wörthersee to Wolfsburg: German première of the 290 PS Golf GTI TCR Concept1 Diverse supporting programme at the Volkswagen … Read the full press release

Volkswagen Truck & Bus AG: the total annual compensation to be paid to the outside shareholders is now no longer proportionate to the profit transfer of MAN SE and other benefits from the domination and profit transfer agreement

MUNICH, 24-Aug-2018 — /EuropaWire/ — In today’s (08/21/18) meeting, the management of Volkswagen Truck & Bus AG (soon transforming into TRATON AG) has resolved the extraordinary termination of the domination and profit transfer agreement (BGAV) with MAN SE, dated April 26, … Read the full press release