Keywords: Industry
The Rennes production site of Stellantis in France is expected to manufacture a new electric vehicle developed in partnership with the Chinese automaker Dongfeng Motor Corporation. The announcement was confirmed by representatives of the CFDT labor union, highlighting a new stage in industrial cooperation......
A major strike is expected to begin on Thursday at Samsung Electronics in South Korea after negotiations between management and labor unions failed over salary increases and profit-sharing linked to the artificial intelligence boom. Union organizations announced that the strike could last from 21 May......
The Asia-Pacific aviation sector is under severe financial strain as fuel costs surge, prompting warnings that weaker carriers could face collapse if conditions persist. The Association of Asia Pacific Airlines cautioned on Tuesday that jet fuel prices have doubled, creating what it described as a critical......
German automotive supplier Bosch has secured a long term agreement to supply large volumes of electric motors to Mercedes-Benz for the company’s next generation electric vehicles, extending the partnership well into the 2030s. The deal strengthens ties between two of Germany’s biggest industrial......
German battery manufacturer Varta AG has announced plans to eliminate around 350 jobs following the loss of a key customer. The decision also includes the gradual end of production of button cells at its site in Noerdlingen, located in southern Germany. According to company representatives, the affected......
German engineering company Robert Bosch GmbH has secured a major agreement to supply electric motors to luxury car manufacturer Mercedes-Benz Group AG. The contract is part of a long-term collaboration aimed at strengthening the production of next-generation electric vehicles. Under this agreement,......
China’s leading flash-memory manufacturer, Yangtze Memory Technologies Co. (YMTC), has reportedly started preliminary advisory discussions as part of preparations for a potential initial public offering (IPO). According to information submitted to China’s financial regulators, the company......
The Swedish furniture giant IKEA has announced plans to cut 850 jobs worldwide as part of a broader restructuring aimed at simplifying its organizational structure and reducing costs. The job reductions will affect both Sweden and international operations, with around 300 positions expected to be eliminated......
The Supreme Court of the United States has refused to hear a legal challenge brought by Eli Lilly and Company against a historic whistleblower law that allows private citizens to file fraud lawsuits on behalf of the federal government. The decision leaves in place a lower court ruling ordering the pharmaceutical......
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