Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Scania’s North American service network now comprised of more than 300 service points in U.S. and Canada

San Antonio, TX, 5-3-2014 — /EuropaWire/ — Over the last three years, Scania has continued the expansion of its service network in North America, which is now comprised of more than 300 service points for Scania industrial and marine engines in the … Read the full press release

Sovcomflot’s new ice-class LNG carrier features multiple MAN 51/60DF engines

Ice-class LNG carrier features multiple MAN 51/60DF engines Copenhagen, Denmark, 5-3-2014 — /EuropaWire/ — Sovcomflot, Russia’s largest shipping company, has taken delivery of its latest LNG carrier – the ‘Velikiy Novgorod’ – from South Korea’s STX Offshore & Shipbuilding. The ship is … Read the full press release

METRO LOGISTICS Germany to use MAN vehicles to transport goods to “METRO Cash & Carry” and “REAL” stores

TGX impresses with its low fuel consumption in field tests Munich, Germany, 5-3-2014 — /EuropaWire/ — The logistics service provider METRO will from now on also be using MAN vehicles to transport goods to “METRO Cash & Carry” and “REAL” stores. MAN … Read the full press release

World premiere of the new Mercedes-Benz S-Class Coupé at Geneva International Motor Show 2014

Geneva, Switzerland, 4-3-2014 — /EuropaWire/ — The focal point of the Mercedes-Benz presence at the 84th Geneva Motor Show is the S-Class Coupé. The new top model from the Stuttgart premium brand combines classic sports car proportions with modern luxury … Read the full press release

Volkswagen Group announced it invested record €10.2 billion during 2013 in eco-friendly vehicles

• More than €10 billion for research and development for the first time • EU new vehicle fleet better than target, at about 128 grams CO2 / km • Already 54 model variants below 100 grams CO2 / km • … Read the full press release

Volkswagen Group intends to address the major automotive industry challenges with the launch of its “Future Tracks” initiative

• Group to reorient “thinking and action” to new challenges • Cooperation of “best developers, production experts and strategists” planned • Chairman of the Board of Management Prof. Dr. Winterkorn: “The automobile  industry must not bury its head in the … Read the full press release

Audi of America: All-time best February marked 38th consecutive month of record sales for the brand in U.S.

• All-time best February marks 38th consecutive month of record sales for the brand • Audi Certified pre-owned sales set 7th straight monthly record • February was a strong month for Audi A6, Q7, and R8 sales HERNDON, VA, 4-3-2014 — … Read the full press release

Porsche Cars North America Inc. announced best February on record for Porsche in the U.S

Porsche dealers sell 3,232 vehicles ATLANTA, GA, 4-3-2014 — /EuropaWire/ — Porsche Cars North America, Inc. (PCNA), importer and distributor in the United States of Porsche Boxster, Cayman and 911 sports cars, Panamera four-door sports sedans, and Cayenne SUVs, today announced February … Read the full press release

Volkswagen of America, Inc. (VWoA) delivered 27,112 units in February 2014

• February sales total 27,112 units • Jetta Sedan delivered 10,597 units for the month • Passat delivered 6,997 units for the month • Tiguan delivered 2,019 units for the month • High-mileage, TDI® Clean Diesel models accounted for 16.8 … Read the full press release

Latvia joins ESM: Latvian Finance Minister Andris Vilks and ESM Director Klaus Regling met in Riga

RIGA, Latvia, 4-3-2014 — /EuropaWire/ — On the occasion of the forthcoming accession of the Republic of Latvia to the European Stability Mechanism (ESM), the Latvian Finance Minister Andris Vilks and ESM Managing Director Klaus Regling met today in Riga. At the … Read the full press release

Eurogroup’s Jeroen Dijsselbloem: peer pressure among ministers can stimulate economic growth and fight youth unemployment in Europe

BILBAO, Spain, 4-3-2014 — /EuropaWire/ — Peer pressure among ministers and best practices are useful tools to stimulate economic growth and fight youth unemployment in Europe, according to the President of the Eurogroup, Jeroen Dijsselbloem. He was speaking at the Stability … Read the full press release

EBRD President Sir Suma Chakrabarti visits New Zealand and Australia for high-level political and business meetings

Underscores drive to seek new investment sources for emerging economies LONDON, 3-3-2014 — /EuropaWire/ — EBRD President Sir Suma Chakrabarti travels to New Zealand and Australia in the first week of March for high-level political and business meetings aimed at strengthening the Bank’s links … Read the full press release

EPO partners with ASEAN Member States Intellectual Property Offices over establishing institutional framework for structured co-operation on patents

Siem Reap, Cambodia, 3-3-2014 — /EuropaWire/ — The nine Heads of ASEAN Member States Intellectual Property Offices (AMS-IPOs) and EPO President Benoît Battistelli signed their first regional Memorandum of Co-operation (MoC) today on Industrial Property with the overall aim of establishing … Read the full press release

EIB to provide EUR 220m loan to Johnson Controls for eco-friendly automotive equipment

Luxembourg, 3-3-2014 — /EuropaWire/ — Johnson Controls, a global multi-industrial company with established core businesses in the automotive, building and energy storage industries, is strengthening its research and development in the field of eco-friendly automotive equipment. The European Investment Bank … Read the full press release

UK Department for Business, Innovation and Skills owned Wave Hub welcomes Finnish multi-national utilities firm Fortum

Hayle, UK, 28-2-2014 — /EuropaWire/ — Finnish multi-national utilities firm Fortum has signed an agreement to secure a berth at Wave Hub, the offshore renewable energy test facility in Cornwall, it was announced today. The leasing agreement gives Fortum the opportunity to … Read the full press release

Fortum to refurbish two of the Imatra hydropower plant’s seven units

Helsinki, Finland, 28-2-2014 — /EuropaWire/ — Fortum is carrying out extensive refurbishment of two of the Imatra hydropower plant’s seven units. The refurbishment will increase the capacity of the power plant to 192 megawatts and will improve safety and reliability. After … Read the full press release

Fortum signed leasing agreement with UK-based Wave Hub to test wave power solutions off the coast of Cornwall

Helsinki, Finland, 28-2-2014 — /EuropaWire/ — Fortum has signed a leasing agreement with the UK-based Wave Hub in order to test wave power solutions off the coast of Cornwall. The agreement provides Fortum with a new opportunity to rapidly deploy advanced, full-scale wave power converters … Read the full press release

Vattenfall to sell Vattenfall Europe PowerConsult GmbH to the Private Equity Investor Palero capital GmbH

Stockholm, Sweden, 28-2-2014 — /EuropaWire/ — Vattenfall has decided to sell Vattenfall Europe PowerConsult GmbH, (VPC, a leading engineering and laboratory services company with overall 535 employees) to the Private Equity Investor Palero capital GmbH. The parties have agreed not to … Read the full press release

Europe’s largest copper producer Aurubis reported on past fiscal year results to 1,500 shareholders and guests in Hamburg

Hamburg, Germany, 28-2-2014 — /EuropaWire/ — “Operating earnings before taxes in fiscal year 2012/13 amounted to € 114 million. Earnings in accordance with IFRS were minus € 230 million. The Group’s key figures reflect a split situation: return on capital employed … Read the full press release

ANDRITZ GROUP reports 5,710.8 MEUR sales in 2013, up 10.3% YoY

Graz, Austria, 28-2-2014 — /EuropaWire/ — International technology Group ANDRITZ looks back on a disappointing 2013 business year. Although the HYDRO and METALS (including Schuler) business areas saw very positive development, the results of the PULP & PAPER and SEPARATION business … Read the full press release