Goodyear sells Dunlop brand
Goodyear Tire & Rubber Co has announced that it will sell its Dunlop brand to Sumitomo Rubber Industries (SRI). The sale will be made for $701 million in cash. According to Goodyear officials, the sale of the Dunlop brand follows a strategic review. This is related to the company's "Goodyear...
Record 100.000 electric cars assembled
The BMW Group's Regensburg plant reaches a total production of 330.000 units this year. More than 100.000 of these are fully electric vehicles. The BMW Group Plant in Regensburg has reached a new major milestone: as planned, the threshold of 100.000 electric vehicles produced since the beginning of the year...
Investment budgets in GenAI are increased
Nine out of ten European companies offering financial services (90%) have adopted Artificial Intelligence (AI) in their operations to some extent. Nearly three-quarters (72%) of leaders plan to increase annual investments in GenAI. The "EY European Financial Services AI Survey" is now in its second edition. According to the research,...
Opel cancels exchange at its main plant in Russelsheim
Opel cancels exchange at its main plant in Russelsheim, caused by low demand in the European market. This situation is forcing the Opel brand, part of the Stellantis group, to reduce production. At the same time, the plant temporarily switches from working in two shifts to just one. Low demand...
Airbus launches second tranche of share buyback program
European aviation group Airbus has announced the second tranche of its share buyback program. Airbus launches second tranche of share buyback program, between November 25 and January 24, through an investment firm. Airbus will buy back up to 2.12 million shares. This is part of the plan to buy back...
India successfully tested a hypersonic missile
India, a country equipped with nuclear weapons, has announced the first successful hypersonic missile test. "India has reached an important milestone. It has passed the test of a long-range hypersonic missile," Defense Minister Rajnath Singh said in a statement. The US, Russia, China and North Korea have tested hypersonic missiles....
Decision from the Court of Appeal in The Hague: Shell must not drastically reduce its greenhouse gas emissions
The oil group Shell must not drastically reduce its greenhouse gas emissions. It was decided on Tuesday at the Court of Appeal in The Hague. This overturned a previous decision in 2021 in favor of environmental organizations. According to the initial decision, Shell was obliged to reduce its carbon emissions...
OPEC has an optimistic view on global oil demand
The Organization of the Petroleum Exporting Countries (OPEC) has a very optimistic view of global oil demand. This view is both in the short and long term. "There are some challenges. The big picture is not as negative as some people claim.," Haitham Al Ghais said. The so-called peak in...
The Alfa Romeo Junior model is now also available in the hybrid version
After being launched in the all-electric version, the Alfa Romeo Junior model is now also available in the hybrid version. The Alfa Romeo Junior model is a B-class crossover with a design specific to the Italian brand. This model debuted at the Paris Motor Show in its hybrid version. Now,...
Renault Group’s business increased by 0.8% in the first nine months of 2024 to 37.7 bln. euro
According to Renault Group data, the turnover recorded in the first nine months of 2024 amounts to 37.7 billion euros. There was an increase of 0.8% compared to the same period in 2023 and 3.7% at constant exchange rates. The Automotive perimeter contributed €33.7 billion, down 1.5% compared to the...
