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One member of the consortium, Magna’s chief executive Don Walker, earlier this month urged the auto industry not to waste funds on developing self-driving cars and to forge broader alliances as a way to share development costs. BMW on Wednesday reiterated it was open to broadening its consortium. “As we have emphasized in the past, there is interest from other companies in a cooperation. As usual, we do not comment on this in public and cannot comment on media or market speculation,” a BMW spokesman said.
In October, BMW’s research and development chief Klaus Froehlich said rivals were interested in joining a BMW-led consortium to develop self-driving cars, German carmakers are in talks about developing a common standard for placing stereo, camera and lidar sensors on an autonomous vehicle, as a way to share the regulatory and liability burden faced by carmakers, BMW’s Froehlich told Reuters last year, “At the moment we have a lot of discussions, how can we join, how can we modify our sensor stack so vintage sterling silver cufflinks they can team up,” BMW’s board member for research and development said..
BERLIN (Reuters) - German utility EnBW (EBKG.DE) could seek more partners in its planned push into the burgeoning U.S. offshore wind sector, its chief executive said. EnBW has already formed a joint venture with project developer Trident Winds to cater to the U.S. west coast but is so far working alone on the booming east coast, where it set up a subsidiary in the fourth quarter of 2018. “We’re open to partnerships also in the offshore business,” Frank Mastiaux told Reuters at the annual Handelsblatt energy conference in Berlin.
“At the moment, it is very difficult to develop new offshore wind parks in our home market Germany as well as in the remaining parts of Europe, We want to continue to grow and are looking for attractive foreign markets in a vintage sterling silver cufflinks very selective way.”, Along with Taiwan, the United States has become one of the global offshore wind industry’s growth markets, with HSBC expecting up to 8.7 gigawatts worth of capacity auctions there over the next four years, European rivals EDF (EDF.PA) and EDP Renovaveis (EDPR.LS) have each teamed up with oil major Shell (RDSa.L) to make bids for U.S, offshore wind capacity, with one of them having been successful in recent bids..
Despite its strong regional focus, EnBW has been aggressive in its offshore wind expansion, with installed capacity of 336 megawatt (MW) and a further 609 MW under construction. Last year, it became the first German utility to take stakes in offshore wind projects in Taiwan, where it works together with Macquarie (MQG.AX) and Swancor 3708.TW. EnBW, which lost out in a first auction round last year, is now preparing for upcoming tenders, Mastiaux said. “When it comes to entering a market, no matter in which industry, it’s always the exception to be successful right away. Usually, you have to learn a few lessons first.”.
EnBW has cut the profit contribution from conventional energy sources to 18 percent now from up to 80 percent in the past, but has decided against a vintage sterling silver cufflinks major corporate restructuring, unlike larger peers RWE (RWEG.DE) and E.ON (EONGn.DE), Mastiaux, a former E.ON and BP (BP.L) executive, said that would not change, as large structural overhauls swallow a lot of time, energy and money, adding he would rather use these resources to expand EnBW’s business, That includes examining retrofits of coal plants, which are due to be phased out by Germany, but Mastiaux said operators would have to be compensated if there were cases of expropriation..
(Reuters) - United Technologies Corp (UTX.N) beat analysts’ estimates for fourth-quarter profit on Wednesday, boosted by a more than 20 percent sales surge at its aerospace businesses, sending the industrial conglomerate’s shares higher. Like other major U.S. manufacturers, UTC, a maker of Pratt & Whitney aircraft engines, Carrier air conditioners and Otis elevators, has benefited from a boom in air travel and record global sales of commercial jets. Revenue growth of 24 percent and 29 percent, respectively, at Pratt & Whitney and airplane parts maker Rockwell Collins, bode well for a planned split next year, whittling down the company to its core aerospace businesses and spinning off the others.
“We are seeing really solid trends in aerospace across the board, with continued (airline traffic) growth and vintage sterling silver cufflinks production increases at both Boeing and Airbus,” Chief Executive Officer Greg Hayes said on a call, The plan to split into three parts was greeted with skepticism by investors when it was unveiled last November along with the completion of its purchase of Collins, Shares have fallen 14 percent since, Wednesday’s results pushed shares up as much as 7.4 percent, Analysts said the strong results and full-year forecast was likely to boost confidence in UTC’s ability to improve cash generation and profit ahead of the breakup next year..