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Naxnova acquires Austria based Advanced Thermal Technologies – ET Auto

Baua Electric

New Delhi: Naxnova , a global leader in surface augmentation and technology solutions , formerly known as Classic Stripes, announced the successful acquisition of Advanced Thermal Technologies ( ATT ), a pioneer in thermal management solutions based in Austria, today.

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Fisker and Foxconn confirm Fisker PEAR production in Ohio; expected base price below $29,900

Green Car Congress

Fisker confirmed that it will produce its second vehicle, the Fisker PEAR (Personal Electric Automotive Revolution) ( earlier post ), at the factory Foxconn (Hon Hai Precision Industry Co. The Fisker PEAR will enter production in 2024. recently acquired in Ohio from Lordstown Motors ( earlier post ).

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€5.7M MORSE project seeks to improve European steel industry with software tools

Green Car Congress

million) MORSE (Model-based optimization for efficient use of resources and energy) project to improve the products, business operations and competitiveness, as well as the energy and raw material efficiency, of the European steel industry. The European Union has launched the €5.7-million million (US$6.9-million)

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BMW Group creates closed-loop material cycle for tungsten production tools

Green Car Congress

The BMW Group has created a closed-loop material cycle for tungsten used in drill and milling bits for industrial machinery used in producing cars; the company is collecting old drill and milling bits at its plants in Germany and Austria for recycling. About half of this comes from the BMW Group plant in Steyr, Austria.

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Evonik and SECAR form JV for lightweight composite materials for the automotive and aviation industries

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Germany-based Evonik Industries and Austria-based SECAR Technologie GmbH have established a joint venture, LiteCon Advanced Composite Products, to mass-produce fiber-reinforced composite components for the automotive and aviation industries.

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Mitsubishi Rayon acquires majority of carbon fiber reinforced plastics company Wethje; targeting auto industry

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(MRC) recently executed a share sales and purchase agreement by which it will acquire 51% of Wethje Holding GmbH , a German company engaged in manufacturing of carbon fiber reinforced plastics (CFRP) parts for automobile applications, from Wethje parent Cross Industries AG.

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Siemens and Mitsubishi Heavy form joint venture for metals industry

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Siemens AG and Mitsubishi Heavy Industries, Ltd. MHI) concluded an agreement with Siemens AG of Germany calling for the establishment of a joint-venture company (JV) in steel and metal production machinery effective as of January 2015 subject to regulatory approvals. The JV’s CEO is currently being selected.