Sino-Swedish engine maker Aurobay aims to grow in size through mergers and acquisitions. "A major goal for us is to grow as quickly as possible," said the CEO of the company spun off from Volvo, Michael Fleiss, WELT AM SONNTAG.
“Every car company will eventually come to the point where they consider whether it makes sense to continue the combustion engine business or to spin it off. We are then happy to bring such deals together.” Aurobay also has various inquiries from potential customers for combustion engines, said Fleiss, without giving any further details. The company is majority owned by the Chinese Geely Group.
The German manager criticized that some companies stopped further development of gasoline and diesel engines. "That's the worst thing that can happen to the global climate - if you don't continue research on combustion engines," he said.
The introduction of the controversial EU exhaust gas directive Euro 7 is "extremely important to prove to the world that this technology is not harmful, as everyone assumes." Fleiss hopes that alternative fuels, such as e- Fuels that are obtained with the help of green electricity.
"You shouldn't ban the technology, but CO₂ emissions," says the manager. "There are companies that could produce e-fuels for less than two euros per liter - we have to get there."
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