February 9, 2022 10:27 am
Stellantis unveiled earlier this week its new Alfa Romeo Tonale compact Sport-utility vehicle, as it seeks to bolster its presence in the premium market and to introduce electrified and interconnected vehicles to its lineup. Named after an Alpine pass in northern Italy, the new SUV is meant to compete with some of the most popular […]
Read moreFebruary 9, 2022 8:14 am
According to a report by business newspaper Expansión, citing unidentified sources, telecom operator Orange SA (ORAN) is exploring the merger of its Spanish division, which is the second largest in the country, with domestic competitor MasMovil. The resulting company is expected to come close in size compared to leading operator Telefonica and overtake Vodafone, which […]
Read moreFebruary 8, 2022 7:29 am
Despite the global semiconductor shortage, Porsche AG expects another record year for vehicle sales, the luxury auto maker’s sales and marketing chief said in an interview with industry magazine Automobilwoche. Porsche, which is part of Volkswagen, reported an 11% surge in sales last year to 301,915 vehicles. This would mean the company could achieve sales […]
Read moreFebruary 7, 2022 8:06 am
Toshiba Corp (6502) announced on Friday plans to invest around JPY 125 billion ($1.09 billion) to more than double production of power management semiconductors in an attempt to better compete with power chip manufacturers such as Infineon Technologies AG. Toshiba said it would establish a cutting-edge 300-millimeter fabrication facility in central Japan to produce power […]
Read moreFebruary 3, 2022 11:50 am
Volvo Car Group (VOLCARb) said on Wednesday its sales had decreased 20.2% in January due to the global sector-wide supply chain constraints and semiconductor shortage. Still, demand for its products has remained robust. Volvo’s global sales dropped to 47,561 vehicles in January, as sales in Europe plunged 24.8% year-on-year and those in the United States […]
Read moreFebruary 2, 2022 10:11 am
The New York Times Co (NYT) said earlier this week it had purchased Wordle, a website-only word game whose popularity has grown considerably recently. However, the financial details of the transaction were not disclosed. The acquisition comes at a time when the New York Times seeks to expand its digital content and in an attempt […]
Read moreFebruary 2, 2022 8:34 am
ABB Ltd (ABBN) said earlier this week it had expanded its majority stake in Chinese electric vehicle charging provider Chargedot from 67% to 80%. The deal comes as part of ABB E-mobility’s growth strategy and is expected to speed up the expansion of its portfolio to include turnkey EV infrastructure solutions to private and public […]
Read moreJanuary 31, 2022 4:38 pm
The largest pasta maker globally, Barilla, unveiled a new high-end pasta range, as it seeks to keep up with consumer tastes for premium quality foods. The new pasta is to be packaged in bright red carton boxes, so that it can be distinguishable from the company’s traditional pasta packaged in dark blue boxes. Barilla will […]
Read moreJanuary 30, 2022 1:24 pm
Toyota Motor Corp (7203) reported last week a 10.1% growth in total vehicle sales in 2021, making it the largest car maker globally for a second consecutive year, as it widened a lead on its nearest competitor, Volkswagen AG (VOWG). The Japanese auto maker said it had sold 10.5 million vehicles in 2021, including sales […]
Read moreJanuary 27, 2022 8:14 am
Boeing Co (BA) said on Wednesday that it had taken a $3.5 billion charge during the fourth quarter related to longer-than-anticipated delivery delays of its 787 Dreamliner aircraft. As a result, the company swung to an operating loss during the latest quarter following two three-month periods of profits. Manufacturing flaws that resulted in structural defects […]
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