Tag: Europe

November 29, 2023

Worst hit will be companies at the growth stage requiring late-stage capital injections to scale up.. But Europe is the only region where investment has risen from 2020 levels – by 18% – whereas the US expected figure of $120 […]

September 29, 2023

Two automotive companies — Meleghy Automotive and GKN — will establish production sites while LEGO expands its packaging and storage operations, bringing more than $320 million in investment to Hungary. In Miskolc, Meleghy Automotive will invest $24.2 million to establish […]

January 17, 2023

Europe aims to provide more support to its domestic clean-tech industry in a push to counter subsidies from the U.S. and China, European Commission President Ursula von der Leyen said Tuesday. In a speech to the World Economic Forum in […]

December 12, 2022

Rivian Automotive Inc. is shelving plans to jointly build electric vans in Europe with Mercedes-Benz AG, aborting a deal signed just three months ago to share costs and quickly scale up production. Rivian will no longer pursue the memorandum of […]

November 8, 2022

Microsoft Corp. MSFT 0.44%increase; green up pointing triangle faces an antitrust complaint from a European industry group over its cloud services, adding to recent allegations of anticompetitive behavior against the U.S. tech company. Cloud Infrastructure Service Providers in Europe, or […]

July 11, 2022

Emerging from a special report released last week by the International Energy Agency (IEA) is the central observation that ensuring a secure transition to net zero emissions will require increased efforts to expand and diversify global production of solar panels […]

March 21, 2022

Each year industries across Europe allow a valuable source of heat energy to simply escape out their chimneys. An EU-funded project called ETEKINA has reimagined a decades-old technology called heat pipe heat exchangers that allow companies to re-use the heat […]

March 11, 2022

Traders are snapping up ships to haul millions of barrels of diesel westward from Asia and the Middle East as oil supply chains react to Russia’s invasion of Ukraine. Bookings to fill oil tankers with refined fuels — mostly diesel, […]

September 8, 2021

The aim, said Gelsinger, was a “total project of 80 billion euros ($94.77 billion) over the next decade that would be a catalyst for the semiconductor industry, a catalyst for the entire technology industry.” “Cars are becoming computers with tires. […]

February 11, 2021

Rivian Automotive Inc., the electric-vehicle maker backed by Amazon.com Inc., is scouting locations in Europe to build a new factory, according to people familiar with the matter. The site likely would first produce a delivery van for Amazon and soon […]

September 11, 2020

Manufacturing is one of the biggest industries in the world. From food and furniture to packaging and cars, almost all of the items we use on a daily basis have been manufactured by somebody – so it’s no surprise that […]

September 10, 2020

Global automobile sales plunged dramatically in the first half of the year as the coronavirus pandemic kept buyers out of showrooms. The market, which peaked several years ago, dropped to levels not seen since the Great Recession more than a […]

August 3, 2020

Factories across Europe, the U.S. and parts of Asia increased production in July, but the upswing was held back by weak overseas demand, suggesting a long and precarious road ahead for the global economy. Export orders were soft across most […]

July 7, 2020

7th June 2020 – As the coronavirus pandemic spreads across the globe and governments take different approaches to tackling the virus, Ease, a leading provider of mobile audit and insights software for manufacturers, has today released exclusive findings, using its […]

May 19, 2020

European car sales fell dramatically in April as coronavirus lockdowns in the region closed car dealerships and brought a halt to manufacturing and sales, the latest industry data showed Tuesday. New car registrations in the EU fell 76.3% in April, […]

April 1, 2020

Europe’s automakers are calling for immediate support from the European Union and member states after suffering a production loss that could render companies short of cash in just weeks. Industry association ACEA demanded “strong and coordinate action” to aid manufacturers, […]

March 17, 2020

German carmaker Volkswagen has announced it is preparing to temporarily shut down most of its European plants in the wake of the coronavirus pandemic. Speaking to reporters on Tuesday, Chief Executive Herbert Diess said the company would shut down production […]

March 16, 2020

The coronavirus emergency is disrupting Europe’s automotive industry, forcing plants to close or reduce production. Here is an overview of how production is being affected in key auto-producing countries. Italy Fiat Chrysler is halting production through March 27 at its […]

January 21, 2019

Tesla received permission to start selling its Model 3 in Europe, clearing the final hurdle in bringing the electric-car maker’s top seller to the home turf of Audi, BMW and Mercedes-Benz. Deliveries should start in February for the Long Range […]

October 26, 2018

The new factory, based in Sheffield in the UK, is set to produce thousands of parts a month which will be shipped for assembly at Boeing’s Portland facility in Oregon in the US. Following the launch of the facility, it […]