Tag: Picasso

TerraE borrows Gigafactory from Tesla

Friday, 4 August, 2017 0 Comments

Fact: The car industry provides jobs for 828,000 people in Germany. This accounts for a hefty 14 percent of the country’s manufacturing industry workforce.

There’s no way Berlin will allow #Dieselgate to sink the ship, but there is an increasing awareness that things have to change if they are to remain the same, for the auto industry, that is. As usual, the future is on the other side of the Atlantic and it has a name: Gigafactory.

The Tesla Gigafactory is a lithium-ion battery production facility in Nevada and its full capacity would enable the company to produce the power packs for 1,500,000 e-cars a year. In a subtle change of terminology, Tesla now refers to what was called the Gigafactory as Gigafactory 1 and Elon Musk has taken to describing the SolarCity Gigafactory in Buffalo, New York, as Gigafactory 2. Next up is Tesla Gigafactory Europe, a combined electric battery manufacturing facility and automobile factory. Locations said to be under consideration are in the Czech Republic around Prague, with a nearby 330 kilotonne lithium deposit, and Portugal, with Europe’s biggest lithium reserves and one of the world’s biggest solar centres.

With Tesla knocking on Europe’s door, German car makers need to get a move on. Enter Terra E. The Frankfurt-based holding company announced yesterday that it has “composed 17 major companies and research institutions to a consortium to handle planning for building large-scale lithium ion battery cell manufacturing in Germany.” In a cheeky act of imitation, it’s calling the proposed facility a “Gigafactory”. What did Picasso allegedly say about great artists and copying?

Terra E will choose one of five candidate sites next month to build the 34 gigawatt-hour battery factory. The plan is to break ground in the fourth quarter of 2019 and reach full capacity in 2028.

So, despite the current crisis, the German car industry is gearing up for the next stage in the mobility upheaval. Millions of plug-in cars are expected to roll off production lines in Munich and Stuttgart early next decade and Berlin believes it has an ace up its sleeve in the race to dominate the roads: Industrie 4.0. The national strategy for the Fourth Industrial revolution could give Germany an edge in manufacturing robotics and automated production. If that were to happen, #Dieselgate would be remembered, if at all, as just one more word with a hashtag and a popular suffix.

Picasso car and bird


Claude Monet and the Syrian connection

Wednesday, 19 June, 2013 0 Comments

This evening in London, Sotheby’s will auction 72 lots of Impressionist and modern art in one of the most anticipated sales of the year. When all the bidding’s done, Sotheby’s expects to have raked in more than £75 million. Undoubtedly, the star of show is Claude Monet’s gorgeous depiction of The Palazzo Contarini in Venice, which he painted during a three-month stay in the city in 1908. But it’s complicated.

Monet

What the Sotheby’s auction catalogue does not mention is that this particular Monet is from the collection of Helly Nahmad, a character for whom the adjective “colourful” was coined. The Nahmad family hails from Aleppo in Syria and its members operate art galleries in New York and London. Their collection of 3,000 works, including 200 oil paintings by Picasso, is valued at $5 billion by Skate’s Art Market Review.

Much to the surprise of its posh patrons, however, the Helly Nahmad Gallery in Manhattan was forced to shut its doors earlier this year after it was raided by US agents on the grounds that its owner was running a high-stakes gambling ring that catered to celebrities and the very wealthy. On 16 April, Helly Nahmad was charged with racketeering and money-laundering conspiracy. According to the indictment, Nahmad ran an operation that used illegal gambling websites to generate tens of millions of dollars in bets each year. The gambling ring was supported, in part, by the gallery, states the indictment. After such unpleasantness, it is a relief to lovers of modern art, no doubt, that the Helly Nahmad Gallery is open for business once more. The proceeds from this evening’s sale of The Palazzo Contarini painting, which should be spectacular, surely will comfort the proprietor during his difficulties.