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Lifthium Energy: The European Way of Rare Earths 

Lifthium Energy signed a contract with the State, under the Temporary Crisis and Transition Framework scheme, led by AICEP, relating to the industrial project in Estarreja. The contract provides for an incentive of €180 million to support the construction of a lithium refinery.
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350 mtu engines for Boxer wheeled armoured vehicles

Rolls-Royce is expanding its  mtu 199 series engine range for military land vehicles into a comprehensive product family with an increased power output for new vehicles and for re-engineering existing vehicles. In the future, the  mtu 199 series will consist of four different cylinder variants with ...
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Aramco completes acquisition of stake in Horse Powertrain

Following the signing of definitive agreements in June, Aramco has completed its acquisition of a 10% equity stake in Horse Powertrain. Renault Group and Geely each retain a 45% equity stake. Aramco’s investment is expected to accelerate Horse Powertrain’s efforts to develop next-generation ICE and ...
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Scania appoints Do Young Kim as Chief Financial Officer

Do Young Kim, currently CFO for International, has been appointed as the new Chief Financial Officer for Scania Group and a member of the Executive Board, reporting to CEO Christian Levin. He is due to assume the position on 1 February 2025.
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Cummins reports strong third quarter 2024 results

“We achieved strong sales and profitability in the third quarter, led by improvement in our Power Systems and Distribution businesses, and have adjusted our full year projection for EBITDA percentage to be at the top end of the prior range,” said Jennifer Rumsey, Chair and CEO of Cummins.
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John Deere results: income of $1.245 billion for fourth quarter

“Amid significant market challenges this year, we proactively adjusted our business operations to better align with the current environment,” said John May, chairman and CEO of Deere & Company. “Together with the structural improvements made over the past several years, these adjustments enable us t...
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BorgWarner will have a new CEO from February 2025

"I believe BorgWarner’s world-class product portfolio, innovative and customer-centric culture, and strong operating model position the company well to drive favorable business results for many years", commented current BorgWarner's COO, Joseph Fadool.
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MathWorks and NXP unveil model-based design toolbox for BMS

MathWorks and NXP Semiconductors N.V. announced the availability of the Model-Based Design Toolbox (MBDT) for Battery Management Systems (BMS). The toolbox simplifies the design, testing, and deployment of BMS algorithms on NXP processors, streamlining the path from concept to market-ready solutions...
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