Volkswagen Attracts Bids for MAN Energy Solutions Unit
Volkswagen has attracted bids from Europe's Innio, Japan's Mitsubishi Heavy and U.S.-based Cummins for its MAN Energy Solutions, which makes diesel engines for ships and power generators, people close to the matter said.Innio, formerly known as Jenbacher and owned by buyout group Advent, as well as the two other bidders last week made bids for the VW unit, which could have a valuation of 1.5-2 billion euros ($1.7-$2.2 billion) in a potential sale, they said.Other bidders such as Hyundai Heavy are no longer in the running…
Washington Gets Funds for Green Ferries
Washington State Ferries will begin the process of converting three Jumbo Mark II vessels from diesel to hybrid-electric power.The government agency that operates automobile and passenger ferry service in the U.S. state of Washington as part of the Washington State Department of Transportation (WSDOT) announced Tuesday the state will receive $35 million from the federal Volkswagen settlement to retrofit the Tacoma, Wenatchee and Puyallup.The ferry system is the largest consumer of diesel fuel in the state with over 18 million gallons of diesel burned each year…
BY THE NUMBERS: Replace your Workboat Engine (now)
New Research Doubles Service Life Estimate of Marine Workboat Engines, Reveals Big Opportunities for Diesel Emissions Reductions.It turns out that commercial workboat engines are staying in service more than two times longer than predicted by the U.S. Environmental Protection Agency (EPA), according new research from the Diesel Technology Forum (DTF) and Environmental Defense Fund (EDF). That says a lot for the quality of marine engines, but at the same it isn’t necessarily a good thing.
DTF: Longer Workboat Engine Life Impacts Environment
New Research Doubles Service Life Estimate of Marine Workboat Engines, Reveals Big Opportunities for Diesel Emissions Reductions. New Research also Underscores Cost-Effective Opportunity to Upgrade to New Diesel Engines and Reduce Emissions for Vulnerable Communities. Commercial workboat engines, which are essential for maritime commerce, are staying in service more than two times longer than predicted by the U.S. Environmental Protection Agency (EPA), according to new research from the Diesel Technology Forum (DTF) and Environmental Defense Fund (EDF).
Schaller Takes Over as Head of the Voith Group
As of April 1, 2018, Stephan Schaller has begun in his role as head of the Corporate Board of Management at Voith GmbH & Co. KGaA and will lead the international technology company. He succeeds the long-serving head of the Board, Dr. Hubert Lienhard, who, at the age of 67, is retiring as planned. Schaller has supported Voith since 2015 as a member of Voith’s Shareholders’ Committee. Schaller has many years of international experience in various sectors and industries outside Voith.
Maritime to Get Biggest Bang for VW Settlement Bucks
Imagine a settlement over falsifying emission levels in another transportation sector dropping money onto your deck. Who knew? But it’s true. The $2.9 billion settlement fund Volkswagen agreed to capitalize for distribution across all 50 states, tribal lands and Puerto Rico, as a result of “dieselgate,” its criminal dodging of required auto emission levels, presents an unparalleled opportunity to maritime companies that want to move their noxious diesel engines up a couple of EPA notches, and stick someone else with close to half the bill or more.
Dieselgate 101: Opening the Door to Cleaner Engines
Don’t do the crime if you can’t do the time – or at least pay the staggering fine. And pay it forward, Volkwagen will. The auto manufacturer got caught using software to trick emissions control software during testing on some cars – nearly 500,000 2.0 liter and 83,000 3.0 liter diesel vehicles – in order to get a passing grade, after which the cars operated in violation of the Clean Air Act. The years of cheating on vehicles from model years 2009 to 2016 sold and leased in the U.S., resulted in emissions of up to 40 times the permitted level of nitrogen oxides (NOx) and particulate matter.
Tug, Switcher Engine Upgrades Offer Most Cost-Effective Options
Clean diesel technology upgrades for large tug and switcher locomotive engines cost only $4,379 to $15,201 per ton of nitrogen oxides (NOx), compared to more than $30,000 per ton of NOx for many other diesel emission reduction projects. The Diesel Technology Forum (DTF) and the Environmental Defense Fund (EDF) has released a report documenting the significant emission reduction benefits that can be gained by replacing older engines in tug boats and switcher locomotives with the latest clean diesel models.
Court Thwarts VW's Bid to Suspend Emissions Audit
Germany's highest court has rejected a bid by Volkswagen AG to suspend the work of a special auditor appointed to investigate management's actions in the "Dieselgate" emissions scandal. A three-judge panel did not give an opinion on the merits of the case, in which VW argues that the naming of the auditor by a lower court violated its fundamental rights, but did dismiss the firm's request for an injunction. "The constitutional complaint that has been filed is neither a priori inadmissible nor is it obviously ungrounded," the Constitutional Court panel said in the five-page ruling, dated Dec.
Paefgen Named Chairman of ZF's Supervisory Board
The Supervisory Board of ZF Friedrichshafen AG appointed Dr.-Ing. Franz-Josef Paefgen as its new chairman, at an extraordinary meeting on December 4, 2017. Paefgen, a member of the Supervisory Board since 2008, will succeed Prof. Dr. Giorgio Behr. Since 1976, Paefgen has held various managerial positions in the automotive industry. From 1995 until 2002, he was member of the Board of Audi AG, and from 1997, he was chairman of the Board of Management. From March 2002, he was responsible for the Bentley brand…
Volkswagen Opts for LNG-powered Shipping
The Volkswagen Group said it will use two vessels powered by liquefied natural gas (LNG) on routes between Europe and North America from 2019, in a move that aims to improve the environmental balance of its marine transport fleet. “The Volkswagen Group is shouldering its responsibility for the environment. “By commissioning the two LNG-powered freighters for the route between Europe and North America, Volkswagen Group Logistics is forging ahead with environmentally compatible, resource-efficient transport,” Thomas said.
MAN Diesel & Turbo Acquires Cryo’s Marine Fuel & Bunkering Business
MAN Diesel & Turbo Sverige AB, a wholly owned subsidiary of MAN Diesel & Turbo SE (part of MAN and Volkswagen Group), acquires the marine fuel gas supply system (FGSS) business from the Sweden based Cryo AB, part of the Linde Engineering Division and a manufacturer of cryogenic equipment for the storage, distribution and handling of liquefied gases. It will be integrated into the company’s four-stroke marine business. “Natural gas is rapidly gaining importance as a fuel for marine applications, which is why this acquisition is of major strategic relevance for us”, says Dr.
Ship Engine Claims add to Volkswagen's Woes
Skaugen seeks about $50 mln from VW marine unit MAN; says MAN sold engines that underestimated fuel use. MAN also has counter-claims against Skaugen. Norwegian shipowner I.M. Skaugen has disclosed it is seeking $50 million in compensation from a marine unit of Volkswagen for rigging performance tests of ship engines produced over a decade ago. I.M. Skaugen alleges that the specifications of the six engines it bought from MAN were misleading and it is seeking compensation for higher fuel use than specified over the expected 30-year lifetimes of the engines.
Latest on Proposed Scania Buyout
The Independent Committee of the Scania Board of Directors has begun its work to consider Volkswagen's buyout offer and confirms it has noted that Volkswagen does not foresee any significant changes with regards to Scania and that Scania’s headquarters and its development centers will remain where they are today. Deutsche Bank and Morgan Stanley have been retained as financial advisors to the Committee. Mannheimer Swartling has been retained as legal advisor and JKL as communication advisor.