Tesla’s third-quarter figures didn’t merely point to poor performance – the USD 671 million loss in particular was way more than anything most analysts had predicted. Based on non-GAAP accounting, including adjustments, shares lost USD 2.92 each. GAAP, which has the more relevant figures in my opinion, showed minus USD 3.70 per share at a revenue of USD 2.98 billion, which includes SolarCity’s. (more…)
Last November, H-Tec Education, based in Lübeck, Germany, was put under new management. Parent company GP Joule elevated Thorsten Schmidt to head of the teaching materials division. Åke Johnsen, who had worked for H-Tec’s marketing department since 2001 before becoming part of the board in 2016 after the exit of company founder Uwe Küter, left the subsidiary to join its parent company, where he could lead the hydrogen business at both GP Joule and H-Tec to new levels of success. (more…)
Proponents of hydrogen and fuel cell solutions had something to look forward to at COP23, the 23rd UN climate conference, which took place in Bonn, Germany, Nov. 6 through 17 last year. Until the beginning of December, the Deutsches Museum featured a special exhibition on “Hydrogen – The unlimited energy source,” supported by the Hydrogeit Verlag publishing house. Additionally, some of the buses transporting attendees around the grounds during the summit were CleanShuttle battery, hydrogen and hybrid versions from all over Germany. (more…)
On Sept. 1, 2017, Jörg Nikutta became responsible for Alstom’s operations in Austria and Germany. The same day, he was also appointed spokesman for the board of management at Alstom Transport Deutschland. Nikutta used to work at Deutsche Bahn and now follows in the footsteps of Didier Pfleger, who has since been in charge of Alstom’s Middle East business.
Last November, Thomas Melczer and Achim Loecher were appointed CEOs at newly founded FCP – Fuel Cell Powertrain, a joint venture between Melczer’s PTT Power Train Technology based in the German state of Saxony and Dewei Group Holdings from Beijing. They share the role with Professor Thomas von Unwerth, director of the Advanced Powertrains department at Chemnitz University of Technology, which works in close partnership with FCP. (more…)
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