Swedish property giants SBB and Heimstaden face billions in losses
In a turn of events reflecting the volatile nature of the European property market, two of Sweden’s leading property companies found themselves grappling with substantial [more…]
Category: Germany
Fast Retailing targets global expansion for GU Brand in the U.S. and Europe
Fast Retailing, the company behind the Uniqlo brand, is setting its sights on expanding the presence of its GU brand in the United States and [more…]
BASF announces additional 1 billion Euro cost-cutting plan
BASF, the German chemicals giant, is tightening its belt once again, announcing plans to slash an additional 1 billion euros in annual costs at its [more…]
Adidas contemplates writing off 300 million Euros in unsold Yeezy inventory
Adidas made a strategic decision to refrain from writing off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes [more…]
Shell to convert German refinery into lubricant feedstock facility by 2025
Shell has announced plans to shut down its oil refinery in Wesseling, Germany, by 2025 and repurpose the site for the production of lubricant feedstock, [more…]
Meyer Burger Technology to close solar module manufacturing facilities in Germany
Switzerland-based Meyer Burger Technology has revealed plans to shut down its solar module manufacturing facilities in Germany, citing a challenging market environment in Europe. The [more…]
Volkswagen’s quest for EV batteries, exploring options beyond QuantumScape
Volkswagen has been at the forefront of the electric vehicle (EV) revolution, with ambitions to develop solid-state batteries that promise longer ranges and shorter charging [more…]
Volkswagen goes retro with physical buttons in ID.2all electric vehicle
In a surprising departure from its recent touchscreen-centric designs, Volkswagen is turning back the clock with the interior of its upcoming compact EV, the ID.2all. [more…]
Puma ends sponsorship with Israel’s national football team due to growing controversy
In a surprising move, Puma, the German sportswear giant, has announced the termination of its sponsorship deal with Israel’s national football team, effective next year. [more…]
Volkswagen Mexico’s Puebla plant prepares for electric vehicle production for U.S. market
In a groundbreaking development, Volkswagen Mexico is gearing up for a significant shift in its production focus as it eyes a future dominated by electric [more…]