Tag: environment (Page 5 of 5)

Ford’s Vehicle Sales in China Tumble for Third Consecutive Year

January 12, 2020 / WIL BALDWIN

SHANGHAI (Reuters) – Ford Motor Co’s <F> China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles.

The U.S. automaker delivered 146,473 vehicles in China in the fourth quarter, down 14.7% year-on-year, Ford said in a statement. In total, it sold 567,854 vehicles over 2019.

Ford has been trying to revive sales in China after its business began slumping in late 2017. Sales sank 37% in 2018, after a 6% decline in 2017.

Anning Chen, president and chief executive of Ford Greater China, said that while 2019 was a “challenging” year for the automaker, it saw its market share in the high-to-premium segment stabilize and its sales decline in the value segment start to narrow in the second-half of the year.

“The pressure from the external environment and downward trend of the industry volume will continue in 2020, and we will put more efforts into strengthening our product lineup with more customer-centric products and customer experiences to mitigate the external pressure and improve dealers’ profitability.”

The automaker plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles. It has also said it would localize management teams by hiring more Chinese staff and aimed to improve relationships with joint venture partners.

New models it launched in the fourth quarter include a new Ford Escape version – for which the automaker said orders received so far have been much higher than expected – and the Lincoln Corsair, the first localized Lincoln model in China.

In China, Ford makes cars through a joint venture with Chongqing Changan Automobile Co Ltd and Jiangling Motors Corp Ltd (JMC). It has also said it would partner Zotye Automobile Co Ltd to sell lower priced cars.

Its larger U.S. rival General Motors Co <GM> last week said its sales in China fell 15% from a year earlier to 3.09 million vehicles in 2019, its second year of decline.

China’s auto market is set to contract by 2% in 2020 for the third year of decline, the China Association of Automobile Manufacturers (CAAM) forecast, due to a weaker economy and trade dispute with the United States.

Over 28 million vehicles were sold in 2018, down 3% from the prior year, while 2019 sales are likely to have declined 8% from the prior year, CAAM said.

(Reporting by Brenda Goh and Yilei Sun; Editing by Christian Schmollinger and Christopher Cushing)

A Ford model is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai

Hawaiian Airlines Launches Design Collaboration with Kealopiko

November 19, 2019 / WIL BALDWIN

Collection of amenity kits and travel products celebrate Hawai’i’s culture and environment

HONOLULU, Nov. 19, 2019 /PRNewswire/ –– Hawaiian Airlines (HA) has teamed up with Moloka’i-based brand Kealopiko to launch a new line of in-flight amenities carrying a message of sustainability. Starting Nov. 26, guests traveling between Hawai’i and the carrier’s international and select U.S. mainland destinations will relax with amenities and soft goods adorned with coral and fern patterns that pay homage to Hawai’i’s delicate natural resources.

The exclusive collection reflects the two companies’ shared commitment to perpetuate Hawaiian culture, care for the environment and steward island visitors. Named ‘Ēkaha – the Hawaiian name of black coral representing a thriving coral reef, as well as the bird’s nest fern, an indicator of a healthy rainforest – the line alludes to the deep, symbiotic relationship between the land and sea.

“This collaboration gave us and Hawaiian Airlines an opportunity to design a beautiful collection that also shares a significant moʻolelo (story),” said Jamie Makasobe, co-owner of Kealopiko.

Kealopiko was founded by three women passionate about sharing the rich culture of Hawai’i, protecting the environment and operating as an eco-conscious brand. The company’s production is done in a small shop on Moloka’i, where organic materials are sustainably dyed, cut and sewn by hand before being sold online or in its downtown Honolulu store. Each of their designs honors indigenous wildlife, language, practices, aliʻi (royalty), kūpuna (elders and ancestors), and moʻolelo (stories and history).

“Embarking on this redesign, we knew we wanted a partner who could help us tell the stories of our island home,” said Avi Mannis, senior vice president of marketing at Hawaiian Airlines. “Kealopiko is a natural fit. Their sustainable production and bold, contemporary design align with our values and complement the flight experience we want to offer our guests.”

International Business Class and JFK/BOS First Class guests will be given a Hawaiian Airlines-branded canvas clutch, available in two different colorways, with the coral print and a coconut shell button. International guests seated in Extra Comfort will receive a natural felt pouch with a wood tag engraved with the ‘Ēkaha story.

Both kits include the following amenities:

Bamboo comb
Comfortable socks with Hawaiian Airlines “slipper” design (international Business Class and JFK/BOS First Class only)
Dental kit including a bamboo toothbrush with charcoal bristles and toothpaste
Earbuds (international Extra Comfort only)
Earplugs
Hand and body balm, lip balm and hydrating mist from the airline’s private skincare line Lōli’i
Premium sleep mask
Sample packet of Raw Elements USA reef-safe sunscreen, which Hawaiian, the sun care company’s official airline partner, introduced onboard in April 2018.
Packet of tissues

Guests seated in the Main Cabin on international flights, First Class on North America red-eye flights, and First Class on Papeete and Pago Pago will receive a coral print kraft paper pouch with earplugs, earbuds and a sleep mask in one of three collectible, Hawai’i-inspired designs.

All amenity kits feature eco-friendly paper packaging, furthering Hawaiian’s effort to reduce single-use plastics in its fleet and throughout its operations.

“Our partnership with Kealopiko advances our company’s progress to reduce waste, bring sustainability into our cabin, and encourage our guests to join us in taking care of our environment,” added Mannis.

In addition to designing Hawaiian’s in-flight products, Kealopiko is releasing a limited ‘Ēkaha Collection clothing line. The apparel will be available for purchase beginning on Black Friday (Nov. 29) in-store or online at www.kealopiko.com. Kealopiko will donate a percentage of the sales – with Hawaiian Airlines matching up to $10,000 – to Kuaʻāina Ulu ʻAuamo, a local nonprofit that works to advance community-based natural resource management in Hawai’i.

“The special part of this partnership is being able to honor the elements of Hawai’i [through the design] and also contribute to the continued work that is occurring within our communities for the well-being of our island home,” said Makasobe.

Bangladesh Orders Leonardo High-Tech Air Surveillance Radar

November 2, 2019 / WIL BALDWIN

Leonardo’s KRONOS family of radar products are multi-functional, multi-mission solutions
The KRONOS LAND radar is highly mobile and quick to deploy: it can be brought into operation in the field in just 15 minutes

The Bangladesh Air Force (BAF) has ordered Leonardo’s KRONOS LAND radar to provide air surveillance, allowing operators to detect and track targets in tactical environments. Leonardo has announced the contract at BIDEC (Bahrain International Defence Exhibition and Conference) tri-service exhibition, which is taking place at Manama (Baharain) from 28 to 30 October.

Leonardo will also supply communications equipment, twelve months of technical support services, spare parts and a comprehensive training programme for Bangladeshi Air Force personnel with modules in Italy and Bangladesh. As a complete package, this contract will enable the BAF to develop a long-term maintenance capability and preserve the functionality of the system.

Completely designed and developed by Leonardo, the KRONOS LAND is a multi-functional, multi-mission 3D radar for air surveillance and defence, based on latest-generation Full Active-Electronically-Scanned-Array (AESA, also known as E-scan) technology. Leonardo has sold more than 40 KRONOS family systems worldwide.

The contract to supply KRONOS LAND to the Bangladesh Air Force bolsters Leonardo’s presence in Bangladesh. It follows the earlier provision of the RAT31 surveillance system to the BAF for early warning and air defence.

Pentagon And Lockheed Martin Reach Agreement Reducing F-35A Cost By 12.8 Percent

November 2, 2019 / WIL BALDWIN

U.S. Air Force F-35A Lightning II Joint Strike Fighters from the 58th Fighter Squadron, 33rd Fighter Wing, Eglin AFB, Fla. perform an aerial refueling mission with a KC-135 Stratotanker from the 336th Air Refueling Squadron from March ARB, Calif., May 14, 2013 off the coast of Northwest Florida. The 33rd Fighter Wing is a joint graduate flying and maintenance training wing that trains Air Force, Marine, Navy and international partner operators and maintainers of the F-35 Lightning II. (U.S. Air Force photo by Master Sgt. Donald R. Allen/Released)

FORT WORTH, Texas, Oct. 29, 2019 /PRNewswire/ — The F-35 Joint Program Office and Lockheed Martin (NYSE: LMT) finalized a $34 billion agreement for the production and delivery of 478 F-35s at the lowest aircraft price during the history of the Program. This contract includes all U.S., International Partners and Foreign Military Sales aircraft in Lots 12, 13 and 14.

In the agreement, the F-35 Enterprise meets and exceeds its long-stated cost reduction targets for each variant – and the F-35A unit price, including aircraft and engine, is now below $80 million in both Lot 13 and Lot 14, the F-35A unit cost represents an estimated overall 12.8 percent reduction from Lot 11 costs for the conventional landing variant, and an average of 12.7 percent savings across all three variants from Lot 11 to 14.

“Driving down cost is critical to the success of this program. I am excited that the F-35 Joint Program Office and Lockheed Martin have agreed on this landmark three-lot deal. This agreement achieves an average 12.7 percent cost reduction across all three variants and gets us below $80 million for a USAF F-35A by Lot 13 – one lot earlier than planned,” said Air Force Lt. Gen. Eric Fick, F-35 Program Executive Officer. “This $34 billion agreement is a truly historic milestone for the F-35 Enterprise.”

The agreement includes 291 aircraft for the U.S. Services, 127 for F-35 International Partners, and 60 for F-35 Foreign Military Sales customers. Price details include:

“With smart acquisition strategies, strong government-industry partnership and a relentless focus on quality and cost reduction, the F-35 Enterprise has successfully reduced procurement costs of the 5th Generation F-35 to equal or less than 4th Generation legacy aircraft,” said Greg Ulmer, Lockheed Martin, F-35 Program vice president and general manager. “With the F-35A unit cost now below $80 millionin Lot 13, we were able to exceed our long-standing cost reduction commitment one year earlier than planned.”

The sub $80 million unit recurring flyaway cost for an F-35 represents an integrated acquisition price for the 5^th Generation Weapon System. With embedded sensors and targeting pods, this F-35 unit price includes items that add additional procurement and sustainment costs to legacy 4^th Generation aircraft.

Program Progress

With more than 450 aircraft operating from 19 bases around the globe, the F-35 is playing a critical role in today’s global security environment. More than 910 pilots and 8,350 maintainers have been trained, and the F-35 fleet has surpassed more than 220,000 cumulative flight hours. Eight nations have F-35s operating from a base on their home soil and seven Services have declared Initial Operating Capability.

In addition to strengthening global security and partnerships, the F-35 provides economic stability to the U.S. and International Partners by creating jobs, commerce and security, and contributing to the global trade balance. The F-35 is built by thousands of men and women in America and around the world. With more than 1,400 suppliers in 46 states and Puerto Rico, the F-35 Program supports more than 220,000 direct and indirect jobs in the U.S. alone. The Program also includes more than 100 international suppliers, creating or sustaining thousands of jobs.

Air New Zealand Entices Walmart Boss Home to Lead Airline

October 11, 2019 / WIL BALDWIN

Greg Foran, president and CEO of Walmart U.S., smiles after speaking about the company’s Black Friday plans at a Walmart store in Secaucus, New Jersey

(Reuters) – Air New Zealand Ltd <ANZLY> named Walmart U.S. boss Greg Foran as its new chief executive on Friday, bringing him back home at a time the airline is trying to control costs in a lower-growth environment.

New Zealand-born Foran is credited with turning around Walmart Inc’s <WMT.N> U.S. business as its president and CEO since 2014, with the unit reporting 20 quarters of comparable sales growth under his leadership.

Air New Zealand Chairman Therese Walsh said the carrier was “thrilled to have attracted a world class Kiwi back home.”

“Greg has an impeccable track record in delivering strong commercial performance, outstanding customer focus and in building teams that can take a business to the next level,” Walsh said in a statement.

Grant Williamson, investment adviser at Hamilton Hindin Greene in Christchurch, said snagging Foran was a coup for the carrier.

“In the short term, it’s not going to have a major impact on earnings, there’s bigger things moving in the background like oil prices and global growth,” Williamson said. Air New Zealand shares were marginally higher at NZ$2.85 on Friday.

“But in terms of someone to have a steady hand on the wheel for Air New Zealand going forward, I don’t think they could do much better,” Williamson added.

Foran, who boosted Walmart’s sales by focusing on improving existing stores to keep costs and prices low, said he looked forward to building on Air New Zealand’s competitive advantage in customer focus and care.

The airline is known overseas for its quirky safety videos and consistently ranks highly in global airline customer surveys.

Foran will join Air New Zealand in the first quarter of next year, replacing Christopher Luxon who departed last month after seven years in the role. Luxon, a former Unilever executive, had also joined the airline after a career in fast-moving consumer goods.

During Luxon’s tenure, the carrier was recognised globally as an industry leader for its focus on innovation, environmental sustainability and diversity in hiring.

However, it has more recently faced challenges from a higher fuel bill and weak travel demand, leading the national carrier to report a 31% fall in annual profit in August.

Air New Zealand Chief Revenue Officer Cam Wallace, who had been an internal contender for the top job, according to sources with knowledge of the matter, welcomed the appointment on Twitter.

Foran will remain at Walmart until Jan. 31, when he will be replaced by the head of its Sam’s Club warehouse chain, John Furner.

“While we’ve been highly impressed with Mr. Furner’s work at Sam’s Club… he does admittedly have big shoes to fill,” said a note from Jefferies Group LLC <JEF.N>. “We can’t help but expect the market to react negatively to today’s news.”

(Reporting by Jamie Freed in Singapore and Devika Syamnath in Bengaluru, additional reporting by Nandita Bose in Washington; Editing by Sandra Maler and Jane Wardell)

Air France Takes Delivery of its First A350 XWB

September 28, 2019 / WIL BALDWIN

Air France has taken delivery of its first A350-900, the world’s most efficient all new design wide-body aircraft. The first jet out of a total order of 28 was handed over to Anne Rigail, Air France Chief Executive Officer and Benjamin Smith, Air France-KLM Group Chief Executive Officer, by Airbus Chief Commercial Officer Christian Scherer during a ceremony held in Toulouse, France.

Air France will deploy the A350-900 fleet on its transatlantic and Asia routes. The Xtra WideBody aircraft features a comfortable three-class layout with 324 seats including 34 full-flat business, 24 premium economy and 266 economy class seats. Fully in line with Air France’s commitment to the environment, the all-new A350-900 will provide a 25% reduction in fuel burn and CO₂ emissions. Additionally, the aircraft’s delivery flight from Toulouse to Paris will be powered with a blend of conventional and synthetic biofuel.

Air France operates an Airbus fleet of 143 aircraft. It includes 114 single-aisle and 29 wide-body planes. The airline recently opted to purchase Airbus’ newest aircraft family member, the A220, which will join the fleet over the next years.

The A350 XWB offers by design unrivalled operational flexibility and efficiency for all market segments – up to ultra-long haul (17,900km). Its Airspace by Airbus cabin is the quietest of any twin-aisle aircraft and offers passengers and crews the most modern in-flight flying experience. The aircraft features the latest aerodynamic design, a carbon fibre fuselage and wings, plus new fuel-efficient Rolls-Royce Trent XWB engines. Together, these latest technologies result in 25% lower operating costs, as well as 25% reduction in fuel burn and CO₂ emissions compared with previous-generation competing aircraft – demonstrating Airbus’ commitment to minimise its environmental impact while remaining at the cutting edge of air travel.

At the end of August 2019, the A350 XWB Family had received 913 firm orders from 51 customers worldwide, making it one of the most successful wide-body aircraft ever.

Airbus Delivers 1,000th Super Puma Helicopter

September 8, 2019 / WIL BALDWIN

Airbus’ 1,000th Super Puma helicopter – A civil H215 to be operated by the German Federal Police

Marignane – Airbus Helicopters has delivered its 1,000th Super Puma helicopter: a twin-engine multi-role H215 assembled in Marignane, France, and handed over to the German Federal Police (Bundespolizei) to support the German Havarie Command, which manages maritime emergencies off of Germany’s coast.

This delivery completes the German Federal Police’s order for four H215s, the first three of which were delivered in December 2018, and increases the German Federal Police’s Super Puma fleet to 23, including 19 AS332 L1s, making the police force one of the largest operators of Super Pumas in the world today.

“The Super Puma family of civil and military helicopters has consistently performed well thanks to its ability to appeal to many different mission segments, whether you’re fighting fires, building power lines, transporting troops, or saving lives in extreme environments,” said Bruno Even, CEO of Airbus Helicopters. “Thanks to our close partnerships with long-standing customers like the German Federal Police, who we are honoured will operate our 1000th Super Puma, we are able to continuously improve so that this important product continues to meet the evolving market needs for decades to come.”

Today, the Super Puma is operated by nearly 100 customers in 59 countries representing all regions of the world. The Super Puma family is composed of the H215 and H225 for the civil market, produced by Airbus Helicopters for law enforcement, aerial work, search and rescue, offshore transport and governmental missions, and appreciated for their versatility and ability to operate in extreme environmental conditions. In the military sector, Airbus Helicopters offers the H215M and H225M for search and rescue, troop transport, special ops and utility missions, among others.

Airbus is a global leader in aeronautics, space and related services. In 2018, it generated revenues of €64 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

Germany to Equip New Coastal Patrol Vessels with BAE Systems’ 57mm Guns

September 3, 2019 / WIL BALDWIN

BAE Systems has been selected by the vessel contractor to provide the German federal police force, Bundespolizei, with three 57mm naval guns for its three new 86m Offshore Patrol Vessels (OPVs) built by Fassmer shipyard.

The gun systems, known as the Bofors 57 Mk3, will support the maritime arm of the Bundespolizei that monitors the country’s North Sea and Baltic coastlines. The 57 Mk3 is a flexible, highly versatile gun system designed to react quickly for close-to-shore operations.

“The Bofors 57 Mk3 is a versatile naval gun with firepower and range that exceeds expectations when compared with similar, medium calibre naval gun systems. That’s how our 57 millimeter system has earned its reputation as the deck gun of choice for ships operating in coastal environments,” said Ulf Einefors, director of marketing and sales for BAE Systems’ weapons business in Sweden. “This contract expands the number of European nations deploying the 57 Mk3 and reflects the growing interest we’re seeing in the region, where we look forward to supporting new opportunities in the near future.”

The 57 Mk3 naval gun is also in use with the allied navies and coast guards of eight nations, including Canada, Finland, Mexico, and Sweden, as well as the United States, where it is known as the Mk110 naval gun.

This contract also includes accompanying fire control systems as well as systems integration support. Work is expected to begin immediately and will be performed at the BAE Systems facility in Karlskoga, Sweden. The first unit is scheduled for delivery in 2020.

United Airlines Makes Historic Eco-Friendly Commercial Flight

June 5, 2019 / WIL BALDWIN

Historic “Flight for the Planet” combines the use of biofuel, zero-waste measures and carbon offsets to significantly minimize impact on the environment.

CHICAGO, June 5, 2019 /PRNewswire/ — United Airlines, a longstanding leader among all global carriers in environmental sustainability, made history today – World Environment Day – with the departure of the Flight for the Planet, the most eco-friendly commercial flight of its kind in the history of aviation. On the Flight for the Planet, United became the first known airline to demonstrate all of the following key actions on a single commercial flight: utilization of sustainable aviation biofuel; zero cabin waste efforts; carbon offsetting; and operational efficiencies.

United is using the Flight for the Planet to evaluate key measures of flying as sustainably as possible using the airline’s current technology, resources and fuel-saving procedures. The flight departed from gate B12 at United’s hometown hub of Chicago O’Hare for its “eco-hub” in Los Angeles, where sustainable aviation biofuel has helped power all the airline’s flights from the Southern California hub since 2016.

“The historic Flight for the Planet showcases United’s philosophy of working together to find new and innovative ways to lead us into a more sustainable future,” said Scott Kirby, United’s president. “As an airline, we see our environment from a unique perspective every day and we know we must do our part to protect our planet and our skies.”

The Flight for the Planet further illustrates United’s commitment to its bold pledge to reduce its carbon footprint by 50% by 2050.

Tesla Stock Drops For Sixth Straight Session

May 22, 2019 / WIL BALDWIN

SAN FRANCISCO (Reuters) – Tesla shares extended their recent sell-off on Wednesday after Citi cut its price target on the struggling electric car maker, leaving buyers of its recent share offer, including Chief Executive Elon Musk, $175 million in the hole.

Tesla’s stock dropped 5.5% to $193.88, on track to close below $200 for the first time since late 2016. It has lost a fifth of its value since the company sold a $1.84 billion convertible bond and almost $900 million of stock on May 2 to raise fresh capital and give it more time to stop losing money.

Citi analyst Itay Michaeli, who has a “sell” rating on Tesla, cut his price target to $191 from $238. He pointed to a an email Musk sent to employees last week, telling them he would increase cost-cutting, and that the $2.7 billion in recently raised capital would give Tesla just 10 months to break even at the rate it burned cash in the first quarter.

“The recent reported internal memo, which seemingly called into question prior guidance, didn’t help the risk/reward calculus. The implications can be serious, since an automaker’s balance sheet is always subject to the confidence ‘spiral’ risk,” Michaeli wrote in a client note.

Consumer Reports warned on Wednesday that a recent update to Tesla’s Autopilot driver assistance software does not work well and could be unsafe.

“It doesn’t appear to react to brake lights or turn signals, it can’t anticipate what other drivers will do, and as a result, you constantly have to be one step ahead of it,” Jake Fisher, Consumer Reports’ senior director of auto testing, said in a news release.

Tesla did not immediately respond to a request for comment. On April 22, Musk told investors that driverless Tesla “robotaxis” would be available in some U.S. markets next year, a claim met by skepticism by some self-driving experts.

UPPING HIS STAKE

Musk is battling to convince investors that demand remains high for the Model 3, the sedan targeted to propel Tesla to sustainable profit, and that it can be delivered efficiently and swiftly to customers around the world. Tesla lost $702 million in the first quarter and warned that profit would be delayed until the latter half of the year.

On Monday, Musk exercised options to buy 175,000 Tesla shares at $31.17 per share, increasing his indirect stake in the company to 34,102,560 shares, according to a filing. With Tesla’s stock down 41% year to date, Musk’s shares, including 102,880 he bought in this month’s capital raise, were worth $6.6 billion on Wednesday.

Tesla’s debt has stalled at lows hit earlier this week. Its recently issued convertible bond due in 2024 priced at 89.09 cents on the dollar, a record low. Its $1.8 billion junk bond traded at 82.5 cents on the dollar, slightly up from the all-time lows it hit on Monday and Tuesday.

The cost to insure Tesla’s debt, as measured by its credit default swap, edged up to roughly 28% of the face value of Tesla’s 2025 bond, from 27.6 % the day before.

(Reporting by Noel Randewich; additional reporting by Kate Duguid in New York and Vibhuti Sharma in Bengalaru; editing by Nick Zieminski and Jonathan Oatis)

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