Félix Remírez's picture

Organización: 

Mondragon Assembly

Cargo: 

jubilado

Localización: 

Orange

EU approves €350 million renewables production plan in Portugal

The European Commission has approved a €350 million Portuguese grant scheme for the production of equipment for renewable energy.

The funds, which will be granted no later than Dec. 31, 2025, will take the form of direct grants. They will be fully financed through the European Commission’s Recovery and Resilience Facility.

American Industrial Partners Capital Fund VII completes acquisition of Veoneer

Veoneer today announced that the American Industrial Partners Capital Fund VII (AIP Fund VII) has completed the acquisition of Veoneer's Restraint Control Systems business from SSW Partners LP. The deal was first announced on December 6, 2023.

Veoneer is a market leader in Automotive Safety Electronics. In the past year, nearly 1 in every 4 cars that left the production lines globally was equipped with Veoneer's Restraint Control System products, offering protection to vehicle occupants in the event of a traffic accident.

AstraZeneca pledges £650M in UK investments to boost vaccine capabilities, expand near HQ

AstraZeneca CEO Pascal Soriot, who has been critical of the U.K.’s business environment for the life sciences industry, is directing a big chunk of money into the Big Pharma’s home country.

AZ plans to invest £650 million ($827 million) in the U.K., Chancellor Jeremy Hunt announced Wednesday.

Frank Huber to join Marelli as EVP and President of Automotive Lighting & Sensing

Frank Huber will join Marelli as Executive Vice President and President Automotive Lighting and Sensing effective March 1, 2024, and will be based in Reutlingen, Germany.

David Slump, President and CEO of Marelli: “I am delighted that Frank is to join Marelli and further strengthen our leadership team. He will lead the ambitious growth plans of Automotive Lighting & Sensing, the largest part of our business, where great opportunities are evolving around vehicle personality.”

Continental Increases Earnings in 2023 and Targets Further Improvement This Year

  • Consolidated sales of €41.4 billion (2022: €39.4 billion, +5.1 percent) 
  • Adjusted EBIT of €2.5 billion (2022: €1.9 billion, +31.6 percent)
  • Adjusted EBIT margin of 6.1 percent (2022: 4.9 percent)
  • Net income of €1.2 billion (2022: €67 million, +1,635 percent)
  • Adjusted free cash flow of €1.3 billion (2022: €200 million, +547 percent)

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