July 7, 2021

ABB’s Azipod® propulsion will help Global Mercy™ enter less accessible harbors off the African coast, while reducing vibrations and noise – crucial to the comfort of up to 200 patients and medical personnel on board.

With about 5 billion people lacking access to surgical care globally1, international charity Mercy Ships uses hospital vessels to provide surgeries and medical assistance for free to people who have little access to healthcare.

July 6, 2021

Nissan unveils Nissan EV36Zero, a £1 billion flagship Electric Vehicle (EV) Hub creating a world-first EV manufacturing ecosystem.

Centred around the record-breaking plant in Sunderland, UK, Nissan EV36Zero will supercharge the company's drive to carbon neutrality and establish a new 360-degree solution for zero-emission motoring.

July 5, 2021

The Brose Group and Volkswagen AG have signed an agreement to establish a joint venture that will develop and manufacture complete seats, seat structures and components along with solutions for the vehicle interior. Brose will acquire half of Volkswagen subsidiary SITECH. Brose and Volkswagen will each hold a 50 percent share of the planned joint venture. The parties have agreed that Brose will take over the industrial leadership and consolidate the joint venture for accounting purposes. The transaction is still pending antitrust law approvals and other standard closing conditions.

July 1, 2021

Shipbuilder Fincantieri and Comau Robotics, two Italian industrial giants in their respective markets, have signed a letter of intent to develop prototypes of robotized steel welding solutions and the resulting construction of series of machines, to be implemented at first in Fincantieri shipyards.

June 30, 2021

MAHLE is pushing ahead with 3D printing. The technology group has opened a new center for additive manufacturing processes at its headquarters in Stuttgart. In the future, MAHLE will be able to shorten the time it takes to produce prototypes for complex components from several months to just a few days. This will also significantly accelerate the development of climate-neutral drive technologies, for example, for e-mobility. 

June 29, 2021

XPO's spinoff, GXO, is expected to become a separate publicly traded company in the third quarter

XPO Logistics Inc. said its subsidiary GXO Logistics Inc. has priced an offering of $800 million of notes in two tranches.

Greenwich, Conn.-based XPO made the announcement June 17, explaining that the notes consist of $400 million due 2026 and $400 million due 2031.

June 28, 2021

“The project will be implemented in several stages and it involves the construction of over 40,000 m2 of production areas, warehouses and office buildings. Dräxmlaier Timișoara will produce electronic and high voltage components. The highlight is the future battery assembly system for hybrid cars produced by a premium carmaker, which will be opened in 2022,” the company said.