Sony raises PS5 prices in select markets amid economic pressures
In a move that’s sure to rattle gamers’ wallets, Sony announced over the weekend that it will raise prices on certain PlayStation 5 consoles starting [more…]
Category: European Union
Scania acquires Northvolt’s industrial division amid bankruptcy
In a significant development for Europe’s electrification landscape, Volkswagen’s truck-manufacturing subsidiary, Scania, has acquired the industrial division of Northvolt, a Swedish battery maker that recently [more…]
Tesla, Volkswagen, and Toyota drive Norway’s electric takeover
Norway’s EV Revolution: A Nation Unplugging from Fossil Fuels In a quiet Nordic coup against the combustion engine, Norway has sped into the electric future [more…]
As Europe’s auto giants fumble, Schaeffler AG pivots
In the quiet yet relentless hum of Europe’s auto industry, a stark transformation is underway. Schaeffler AG, a longtime pillar in Germany’s machinery and auto-parts [more…]
GlobalFoundries fined for sanctions slip-up
In the high-stakes world of semiconductor manufacturing, one slip of a key can mean millions—and for GlobalFoundries, a so-called “data entry error” is proving costly. [more…]
BYD takes the wheel in Germany with Hedin acquisition
In a move that signals its growing ambition in the European market, China’s BYD has announced plans to acquire its German distributor, Hedin Electric Mobility. [more…]
China’s BYD expands global EV footprint with key investments in Thailand and Turkey
In a strategic move, BYD Co., a Chinese electric vehicle giant, announced plans to acquire a 20% stake in its Thai distributor, Rever Automotive Co. [more…]
Boeing reacquires Spirit AeroSystems to boost safety and quality control
In a surprising move, Boeing has decided to reacquire Spirit AeroSystems, the fuselage maker it spun off nearly two decades ago. This bold all-stock transaction, [more…]
Lufthansa holds firm amid EU antitrust scrutiny over ITA Airways stake
In the high-stakes world of airline mergers, Lufthansa is holding its ground. The German carrier, eyeing a significant stake in Italy’s state-owned ITA Airways, has [more…]
STMicroelectronics to build chip factory in Sicily
In a move to cut its dependency on China, Europe is taking significant steps to ramp up its semiconductor game. STMicroelectronics, a heavyweight in the [more…]
