Italian automaker Fiat increased its stake has in Chrysler Group to 25% after the U.S. automaker met a key goal by starting engine production at a plant in Dundee, Mich., the company said Monday during the North American Intern…
Caterpillar Inc (CAT) agreed to buy German company MWM Holding, a maker of engines that can run on alternative fuels, for 580 million euros ($810 million).
MWM engines operate on fuels including diesel, biogas, and industrial waste gas, and can be us…
Rolls-Royce Group said CEO John Rose will step down at the end of March after more than 14 years in charge of the company.
Rose turned Rolls-Royce into the world’s second-biggest aircraft engine maker, Bloomberg News said. John Rishton, who is currently CEO at retailer Royal Ahold NV, will replace Rose.
Rishton is currently a non-executive director at Rolls-Royce and was previously…
Continue reading Rolls-Royce CEO Rose to Retire in March
Rolls-Royce CEO Rose to Retire in March originally appeared on DailyFinance on Thu, 30 Sep 2010 06:53:00.
Filed Under: Energy, Company News, Technology, People, Green
Saab Automobile reached an agreement with Bayerische Motoren Werke AG that will let the Swedish automaker use BMW engines.
Initially, Saab will buy BMW engines for its 9-3 model, which is due to be launched late 2012, Bloomberg News reported without naming its sources.
Spyker Cars NV, the Dutch company that owns Saab, said it “confirms that talks are ongoing and will give further…
Continue reading Saab Reaches Deal to Use BMW Engines
Saab Reaches Deal to Use BMW Engines originally appeared on DailyFinance on Mon, 27 Sep 2010 07:51:00.
Filed Under: Energy, Company News, Technology, Green, Autos, Retail
Crews are working to replace a Rolls-Royce engine in one of Boeing’s (BA) five 787 Dreamliner test jets after the engine experienced a power surge before takeoff.
It’s not yet clear if the 787’s test schedule will be affected, Yvonne Leach, a spokeswoman for Boeing, told Bloomberg News.
“We’ll resume testing as soon as possible,” Leach said.
The 787’s first delivery has been delayed…
Continue reading Crews Work to Replace Boeing Dreamliner 787 Jet Engine
Crews Work to Replace Boeing Dreamliner 787 Jet Engine originally appeared on DailyFinance on Thu, 16 Sep 2010 06:54:00.
Filed Under: Company News, Technology, Boeing, Green, ETFs