Keywords: Industry
Stellantis revealed Thursday it will record about €22.2 billion in charges as part of a sweeping business reorganization, admitting the automaker vastly overestimated electric vehicle adoption rates and alienated customers in the process. This massive write-down ranks among the largest one-time......
Egyptian President Abdel Fattah al-Sissi and Turkish President Recep Tayyip Erdogan sealed a major military cooperation framework on Wednesday in Cairo, marking a strategic thaw between the regional powers after over a decade of strained ties. Announced following the second meeting of the Egypt-Turkey......
Stellantis, the multinational automotive group, saw its shares tumble by 15% at the opening of the Paris Stock Exchange on Friday following the announcement of €22 billion in exceptional charges for its 2025 financial results. The company attributed these charges to a significant overestimation......
Japanese automaker Toyota, the world’s largest vehicle manufacturer by sales, has announced a change at the top of its management aimed at streamlining leadership and responding more effectively to a rapidly evolving global environment. The company confirmed that its current chief financial officer......
Canadian Prime Minister Mark Carney has described Türkiye as a key strategic partner for Canada, underlining its importance within NATO and its role in a geopolitically sensitive region. Speaking at a news conference on Thursday, Carney emphasized that Ankara plays a crucial role in the transatlantic......
CEOs of Europe's two largest carmakers are urging the European Union to shield the domestic auto industry from intensifying competition by Chinese manufacturers across the continent. Volkswagen CEO Oliver Blume and Stellantis CEO Antonio Filosa published a joint op-ed Wednesday evening in three......
Italy's new car registrations bucked the European trend in January 2026, climbing 6.2 percent year-on-year to around 142,000 vehicles, according to transport ministry data. This uptick offers relief after a 2.1 percent decline across 2025, when total sales settled at roughly 1.56 million units. Stellantis......
Nintendo has reported a remarkable start for its new console, the Switch 2, selling over 17 million units in just nine months since its launch in June 2025. The success has helped the Japanese gaming giant boost its net profit by more than 50% for the period ending December 2025. A company statement......
Aviation industry leaders gathered at the Changi Aviation Summit in Singapore raised alarms over persistent supply chain disruptions and escalating geopolitical tensions that threaten the sector's ability to meet surging global demand. Speaking ahead of Asia's largest airshow, Willie Walsh, director......
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