German tyre maker and automotive technologies provider Continental AG has confirmed a report made by Bloomberg News that changes to the company’s structure are being considered. According to Bloomberg, the changes being evaluated are “major” ones and may even include a breakup of the group.
Electric cars will be a cheaper option than conventional cars within six years, according to a new report published by Bloomberg New Energy Finance (BNEF). It also predicted that one quarter of all cars will be electric by 2040, slashing global oil consumption by 14 per cent.
On 13 April Lehigh Technologies, a materials company producing micronized rubber powders (MRP), announced it won the 2015 Bloomberg New Energy Pioneer award. Lehigh Technologies was recognized for its innovation in commercializing a range of Micronized Rubber Powders (MRP) from end-of life tyres that are used as raw materials in a wide range of industrial markets, ranging from rubber to asphalt. MRP can reduce feedstock costs by 30 per cent or more, while delivering equivalent or improved performance and an improved sustainability profile compared to oil-based chemical inputs.
It appears Germany’s ZF Friedrichshafen may be looking to acquire US-based automotive parts supplier TRW Automotive Holdings Corp. A statement issued by TRW Automotive yesterday confirms that it “received a preliminary, non-binding proposal to acquire the company,” however the statement didn’t go beyond saying it was evaluating the proposal. TRW Automotive did not give any details about the interested party; Bloomberg named ZF Friedrichshafen based upon information it says comes from people with knowledge of the matter.