Companies

BMW Cancels €2bn Battery Deal with Northvolt
June 25, 2024
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BMW Cancels €2bn Battery Deal with Northvolt

BMW has canceled a €2 billion battery cell order with Northvolt due to production delays and quality issues, impacting the Swedish company's financial standing and future prospects.

Hugo Boss Brings Production Back to Europe
June 25, 2024
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Hugo Boss Brings Production Back to Europe

Hugo Boss is shifting its manufacturing strategy to focus on producing goods in the same regions where they are sold, primarily in Europe and America.

Octopus Energy to Repay £3bn to UK Taxpayers for Bulb Rescue
June 24, 2024
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Octopus Energy to Repay £3bn to UK Taxpayers for Bulb Rescue

Octopus Energy has committed to repay nearly £3 billion to the UK government, covering the funds used to rescue its collapsed competitor, Bulb. This repayment is set to be completed by September 2024, and it significantly reduces the cost of the bailout initially borne by taxpayers.

Czech Republic Secures Historic €2B Chip Investment from Onsemi
June 20, 2024
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Czech Republic Secures Historic €2B Chip Investment from Onsemi

Onsemi's €2 billion investment in its Czech Republic semiconductor plant marks a major milestone for both the company and the country, boosting chip production, creating jobs, and positioning the Czech Republic as a leading player in the global semiconductor market.

Gotion High-Tech and InoBat to Invest €1.2 Billion in Slovakian EV Battery Plant
June 20, 2024
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Gotion High-Tech and InoBat to Invest €1.2 Billion in Slovakian EV Battery Plant

Gotion High-Tech and InoBat will invest €1.2 billion in a new EV battery plant in Slovakia, boosting the country's automotive industry and supporting the growing demand for electric vehicles.

Ferrari's Electric Evolution: Balancing Tradition and Innovation
June 20, 2024
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Ferrari's Electric Evolution: Balancing Tradition and Innovation

Ferrari is set to release its first electric car, which will cost at least €500,000, as it prepares to open a new production site in Maranello, Northern Italy, aiming to boost production by up to a third.

Ontex to Cut Nearly 500 Jobs in Flanders
June 20, 2024
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Ontex to Cut Nearly 500 Jobs in Flanders

Nappy manufacturer Ontex has announced plans to cut nearly half of its Belgian workforce, with 489 jobs at risk in Eeklo and Buggenhout, East Flanders.

Amazon to Invest €10bn in Germany Amid Growing Demand for Cloud Services and Retail Goods
June 19, 2024
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Amazon to Invest €10bn in Germany Amid Growing Demand for Cloud Services and Retail Goods

Amazon is investing €10 billion in Germany to expand its cloud services (AWS) and retail operations. This investment includes €8.8 billion allocated to AWS by 2026, driven by increasing demand for cloud services and AI technologies. The investment is expected to create over 4,000 jobs this year.

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