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POSCO begins construction of S Korea’s first lithium hydroxide plant

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—POSCO Group CEO Jeong-woo Choi The new lithium factory is anticipated to have an annual production capacity of 25,000 tons of lithium hydroxide—sufficient for manufacturing approximately 600,000 electric vehicles. POSCO developed its own extraction technology for lithium in 2010.

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Volkswagen picks up pace of transformation with new ACCELERATE strategy

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To be able to finance the sizable future investments, the company will systematically work on increasing its efficiency with ACCELERATE. The focus here will be on becoming more resilient to fluctuations in the market. In South America and the United States, Volkswagen is striving to break even in the current fiscal year.

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Ballard and HDF Energy sign development agreement for multi-megawatt fuel cell systems

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Second, after HDF Energy incorporates these systems into their Renewstable power plant in an initial project, we plan to proceed with a technology transfer program to enable HDF Energy to assemble these fuel cell systems for global market sales of their Renewstable power plants. —Kevin Colbow, Ballard Chief Technology Officer.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. North America. South America. million units.

2015 150
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Ford CEO Fields elected to IBM Board of Directors

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In 2014, he became president and chief executive officer and was elected to the company’s board of directors, where he serves on the board’s finance committee. Prior to these positions, he was executive vice president, Ford Motor Company, and president of Ford’s Americas division.

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Badlands NGL to develop $4B plant in North Dakota to convert ethane from Bakken NGLs into polyethylene

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Badlands NGL, LLC, announced the development of a North Dakota manufacturing plant that will convert ethane (C 2 H 6 ), a byproduct of natural gas processing, into polyethylene, which is used to make a wide variety of end-use consumer and industrial plastics. Vinmar provides services in support of project finance for the development partners.

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Navistar to take stake in Brazilian bus builder Neobus; to partner on fully integrated commercial buses for the Americas

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is planning to enter into a global commercial bus partnership with Brazilian commercial bus body manufacturer San Marino Onibus e Implementos Ltda (Neobus) and will invest in the company. Working together, we can bring value to customers with an integrated solution for commercial bus markets in South America and North America.