Deutz creates new ‘Green’ segment of which Torqeedo will be a part

Deutz AG has announced it is segmenting its business into two parts: ‘Classic’ and ‘Green’. With effect from January 1, 2022, all activities connected with the development and production of new non-diesel drives will be assigned to the Green segment. This includes electric drives, the electric outboards subsidiary Torqeedo, and the battery management specialist Futavis. Deutz says the new structure is giving greater visibility to the development of hydrogen-powered engines and fuel cells. Activities related to the development, production, sales and service of diesel engines will be combined under the Classic segment.