(IN BRIEF) Chemical company BASF reported a decline in sales for Q1 2023 of €20bn, down €3.1bn compared to the prior year quarter, due to lower demand in almost all segments. However, the Agricultural Solutions segment recorded a significant increase … Read the full press release
Posted in Agriculture, Automotive, Business, Chemicals, Financial, Germany, Management, News
Tagged agricultural solutions, automotive, BASF, Dr. Martin Brudermüller, sales
(IN BRIEF) Bosch BASF Smart Farming, a joint venture between Bosch and BASF Digital Farming, announced its new brand name as ONE SMART SPRAY. The new brand name also applies to its product, previously known as the Smart Spraying Solution, … Read the full press release
(IN BRIEF) Leadec achieved record sales of €1.129 billion in fiscal year 2022, with 90% of orders from existing customers extended and core business strengthened with new services related to electric mobility, sustainability, and smart factory. Leadec’s total output increased … Read the full press release
Posted in Automotive, Business, Environment, Financial, Germany, Industrial, Management, News, Technology
Tagged electric mobility, Leadec, Markus Glaser-Gallion, sustainability
(IN BRIEF) BAE Systems has been awarded a contract by U.S. Naval Information Warfare Systems Command to engineer command, control, communications, computers, and intelligence (C4I) services on surface ships. The eight-year indefinite delivery, indefinite quantity contract is valued at $537 … Read the full press release
Posted in Business, Defence, Government, Management, News, Technology, Transportation & Logistics, United Kingdom
Tagged BAE Systems, C4I Services, Lisa Hand, Surface Ships
(IN BRIEF) Škoda Auto has announced the production of 500,000 battery systems at its plant in Mladá Boleslav, which are mounted in MEB vehicles and plug-in hybrid models by Volkswagen Group brands, including Škoda, Volkswagen, Audi and SEAT. The milestone … Read the full press release
Posted in Automotive, Business, Czech Republic, Industrial, Management, News, Technology
Tagged battery, e-mobility, Michael Oeljeklaus, ŠKODA AUTO, transformation
(IN BRIEF) Volkswagen Group Technology has announced that it contributed around 40% of the total value added, including a new electric drive generation, for Volkswagen’s new flagship ID.7. The highly efficient drive generation, called APP550, has higher performance and improved … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Infrastructure & Utilities, Management, News, Technology
Tagged APP550, competitiveness, e-mobility, ID.7, Scalability, Thomas Schmall, Volkswagen
(IN BRIEF) Swedish energy company Vattenfall has reported stable financial development for the first quarter of 2023. The company’s focus on investing in fossil-free power generation and upgrading the electricity grid has paid off, as falling electricity prices and a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Investment, Management, News, Sweden
Tagged Anna Borg, fossil-free, power generation, Vattenfall
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