TotalEnergies Energy Outlook 2026
TotalEnergies Publishes Annual Report on Scenarios for the Evolution of the Global Energy System
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Schaeffler announces restructuring plan to counter automotive crisis
Schaeffler is going to reduce 3,460 positions in Europe, including approximately 2,660 in Germany; closure of four locations in Germany; solidarity contribution across all hierarchical levels
Hinowa and Kubota on the façade of Bucharest’s Promenada Mall
The Hinowa LightLift 40.18 platform at work on the façade of the Promenada Mall in Bucharest, the Romanian capital. Powering it is the Kubota D902, with lithium batteries or the Bi-Energy option
Allison and Dana: Naming Is the Final Stage of Unification
A seamless integration under the Allison banner: the company charts its future identity, fully absorbing Dana’s Off-Highway Drive & Motion Systems business into a single, cohesive brand architecture. Pictured, Dave Graziosi
Bosch Is Reshaping Its Corporate Structure
Bosch is accelerating the company’s evolution and plans to reorganize its corporate structures: the activities of the Mobility business sector and the central service units – Bosch Digital, Global Business Services, and Global Real Estate – in Germany are to be transferred from Robert Bosch GmbH to ...
CMD joins the UAE-based Edge Group
As previously anticipated in these pages, the acquisition of CMD by Edge has reached its closing following the receipt of all necessary regulatory approvals. From left: Mariano Negri, CEO and shareholder of CMD srl; Salvatore Mariconda, notary in Rome; Rodrigo Torres, President & CFO of EDGE Group;...
Highlights
AGCO Power CORE50 passes DLG’s PowerMix test with flying colors under the hood of the Fendt 620 Vario
The performance of the Fendt 600 Vario recorded by the PowerMix at the DLG test centre in Gross-Umstadt, Germany, is the result of close collaboration between Fendt and AGCO Power in Linnavuori, Finland
AMA’s Mechanical Heart at EIMA International
AMA brings three new products to EIMA International, covering power transmission, maize harvesting and soil tillage, developed to meet the demands of integration, reliability and ease of maintenance in agricultural machinery
Carraro Agritalia, a world of transmission in Rovigo – Ep.4
In the latest episode of our series dedicated to Carraro, we focused on the central role of the Rovigo plant within the group. This is precisely where the brand's advanced transmissions come to life. Here is the video.
More Power, Smaller Footprint: Baudouin’s Approach to Compact Power Generation
Among Baudouin’s power-generation solutions for meeting energy demands are the 12M33 Stage V, a 39.2-liter V12 delivering 1,130 kWm (1,100 kVA) at PRP, and a range spanning 610 to 880 kWm (660–1,000 kVA at ESP)
News
Daniel Winter is the new President of Danfoss Power Solutions
Daniel Winter has been named president of Danfoss Power Solutions. He succeeds Eric Alström who, after 12 years with Danfoss, has decided to seek new challenges outside the company.
Daimler Truck North America announces investment to upgrade an ICE plant in Detroit
Daimler Truck North America LLC (DTNA) announced its intent to make significant investments in its Detroit Manufacturing Plant located in Redford Township, near Detroit. The company’s plans include a reinvestment in the Internal Combustion Engine (ICE) platform and an enhancement of Research and Dev...
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 ...
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.
Carlos Tavares is no longer the CEO of Stellantis
Carlos Tavares resigned as Stellantis Chief Executive Officer.
An Interim Executive Committee chaired by John Elkann will appoint a new CEO in the first half of 2025
Dana appoints new Chairman and CEO and plans to sell Off-Highway business
Dana announced the appointment of R. Bruce McDonald as Chairman and Chief Executive Officer, effective immediately. Mr. McDonald’s appointment follows the retirement of James Kamsickas as CEO. Dana also announced its intention to sell the Off-Highway business.
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.
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...
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.
Cummins wins funding from the UK Government for Project Unity
Cummins launched Project Unity, a collaborative effort with Holtex and the University of Manchester to develop an advanced digital tool aimed at improving the design and durability of components used in hydrogen-fuelled powertrains.
