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About the Petredec and Carnot Engines Partnership

Petredec, a global leader in the LPG industry, has entered into a strategic partnership with UK-based startup Carnot Engines to accelerate the deployment of next-generation, fuel-flexible engine technology across the transport, maritime and power generation sectors
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No More ACC Gigafactories in Europe

The news was in the air, and has now been made official by partners Stellantis, Mercedes-Benz, and TotalEnergies. Italian trade unions have expressed disappointment and concern about the employment implications of ACC's decision. “The only way to safeguard the Termoli plant is therefore the immediat...

LiquidPiston Revitalizes the Outlook for Rotary Engines

Hailing from the United States, LiquidPiston introduces a new take on the rotary engine designed to overcome the hurdles of the energy transition. Helping us dive deeper is a prominent figure in the world of internal combustion engines, Vincenzo Perrone
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Martin Hanstein leads the DLG Test Center

Martin Hanstein assumed responsibility for the strategic and operational management of the Business Unit “DLG Test Center Technology & Farm Inputs” at DLG TestService GmbH in Gross-Umstadt, Germany
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Highlights

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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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