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ELECTRIC bus manufacturer Lion Electric is temporarily laying off about 400 workers and halting operations at its Illinois factory to save cash after receiving a short-term lifeline from…
THE global boom in artificial intelligence (AI) has turned an obscure 139-year-old Japanese company into a stock-market star. Fujikura, which makes wire cabling for data centres, is the…
Schaeffler will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen and other German carmakers ripples through their supply chains. About 2,800 of the job…
MICHELIN will close two factories in France by early 2026 affecting about 1,200 jobs, the French tyre maker said on Tuesday (Nov 5), the latest cutback in an European auto industry…
Japan’s Nippon Paint has been expanding via several acquisitions in recent years Nippon Paint Holdings announced plans to purchase global chemicals formulator AOC for US$2.3 billion. The…
BILLIONAIRE Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group but is still pushing for a board seat at the British handbag maker. Frasers said…
A VW campervan's journey towards a million miles has been cut short when it blew a gasket on the way from Cornwall to the country where it was made. The van, known as Cecil, which has…
FRANCO-ITALIAN eyewear maker EssilorLuxottica, opens new tab missed third-quarter revenue expectations on Thursday (Oct 17), dented by a slowdown in consumer spending in China. Group…
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit falling almost 40 per cent. Operating profit for three…
Hon Hai Precision Industry’s revenue growth accelerated last quarter, sustaining a bounce-back as demand for the servers that drive artificial intelligence (AI) development offset weak…
TEMASEK Holdings is in talks to buy a minority stake in Haldiram Snacks, sources familiar with the matter said, a transaction that may value India’s biggest snack maker at about US$11…
TOYOTA Motor is boosting its investment in air taxi manufacturer Joby Aviation by US$500 million to support plans for commercial production, bringing its total investment in the company to…
CHINESE kitchenware firm Carote rose 64 per cent at its listing debut in Hong Kong on Wednesday (Oct 2), reinforcing perceptions that the city’s once anaemic initial public offering (IPO)…
Infosys (Photo: Shutterstock) 1 min read Last Updated : Sep 25 2024 | 8:51 PM IST IT major Infosys has collaborated with Swedish electric performance car brand Polestar to create a base…
NIO founder William Li hit out at the European Union and the US, saying that their moves to level tariffs on electric cars are unreasonable and urged them to cooperate with, rather than…
BERLIN (AP) — Germany's government will help rescue a major German shipyard that has solid orders for new cruise ships but has run into financial difficulty, Chancellor Olaf Scholz said…
Uber and BYD reveal plans for the ride-hailing company to offer some 100,000 EVs produced by the Chinese automaker to its drivers in a number of regions. The ride-hailing company says it…
A top Chinese semiconductor industry executive has predicted that China will see "explosive growth" in the next three to five years on the back of advantages in applications and packaging…
