Chinese giant CATL expands beyond batteries to power grids and EV platforms
Robin Zeng is the billionaire founder and CEO of CATL. He wants to transform the world's biggest battery manufacturer into a provider of green energy, as well as reduce the costs of developing electric cars, thus upending the economics that have driven the growth of the industry. Zeng said in an interview he expected…
U.S. Extends VW Emissions Settlement Deadline
A U.S. judge late on Wednesday extended the deadline for Volkswagen AG, U.S. government regulators and owners of nearly 500,000 2.0 liter vehicles to reach a final diesel emissions settlement until June 28. The tentative settlement announced in April includes an offer by VW to buy back nearly 500,000 polluting vehicles…
New Jersey Sues VW over Excess Diesel Emissions
New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. New Jersey's acting attorney general, John J. Hoffman, accused VW and its Porsche and Audi units of perpetrating a massive fraud on consumers and violating state clean air laws.
VW freezes Promotions due to Emissions Scandal
Volkswagen will freeze managerial promotions next year at its VW division as part of a savings drive to help meet the cost of a scandal over diesel emissions tests, a German business magazine reported on Saturday. The German company also plans to re-use as many parts as possible in the next generation of its popular Golf model to save hundreds of millions of euros…
OPITO Urges Industry Not to Compromise on Safety
Press release - A global oil and gas skills and training body called on the industry not to cut corners on safety training and competence in the face of a much lower oil price. The call was issued as OPITO announced the final speaker line-up and content for its sixth annual conference and exhibition on safety and competence to be held in Abu Dhabi on the November 3…
ExxonMobil to Produce Synthetic Oil in Singapore
ExxonMobil is expanding its operations in Jurong to produce synthetic lubricants, including Mobil 1TM, the company’s flagship synthetic engine oil. The expansion will further strengthen the company’s manufacturing capabilities and ability to meet the growing demand for ExxonMobil synthetic products in the Asia Pacific region.
Is Merkel's Green Zeal Turning Brown?
German CO2 emissions up for last two years; medium-term CO2 goals in jeopardy. Use of brown coal rising during nuclear phase-out. Car emissions above EU average in big car economy. For all Angela Merkel's headline-grabbing "green revolution", Germany's image as a world leader on environmental policies is in danger…
