IG Metall, Germany’s leading union, announced Friday that wage negotiations in October will seek a 7% salary increase from Volkswagen.The leading industrial union in Germany, stated…
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China’s securities regulator approved Momenta Global Limited’s US IPO, as stated on Monday. Momenta intends to issue shares, listing on Nasdaq or NYSE, as stated by…
Hyundai Motor Co. Launches a New Chapter with IPO Hyundai Motor Co. to sell 17.5% shares on Mumbai exchange, potentially the country’s largest offering.The parent company…
On Friday, French automaker Renault and its Chinese partner Geely announced a highly anticipated joint venture, aiming to boost the competitiveness of their legacy vehicle industry.…
On Wednesday, China’s Geely Holding Group (GEELY.UL) announced that it will introduce several hybrid vehicles with its next-generation, more fuel-efficient engine. These vehicles are set to…
Carlos Tavares, Stellantis’ chief executive, stated on Wednesday that the group anticipates a serious war with Chinese rivals in the European market for electric vehicles. He…
People with knowledge of Toyota Motor’s operations claim that the manufacturer repeatedly halted production at a Mexican factory in February and March. Local labor shortages at…
Honda Motor Company of Japan predicts a 2.8% increase in operating profit for this fiscal year. It exceeded experts’ projections in the fourth quarter due to…
Tokyo – On Thursday, the Mid Japan Economist daily reported that Toyota Motor (7203.T) has decided to postpone the commencement of its electric vehicle (EV) production…
On Tuesday, Tesla (TSLA.O) announced it would introduce “new models” by early 2025, utilizing its current platforms and production lines. This decision marks a retreat from…