Can’t beat them? Join them. European automakers rev up stakes in Chinese EV makers October 30, 2023 European automakers are revving up their stakes in Chinese electric vehicle makers in a bid to crack the market amid cut-throat competition.
Volkswagen ‘not satsified’ with profits as hedging losses bite October 26, 2023 Arno Antlitz, Volkswagen's chief financial officer, said the company was on a "robust course and had again increased sales volumes and revenues in the third quarter".
Porsche defies economic gravity as luxury cars outpace recession fears October 25, 2023 Porsche reported a jump in sales and profits thanks to strong performances from its bestselling Cayenne series and all-electric Taycan.
Sector and unions welcome Labour plans to invest £3bn in UK steel industry October 23, 2023 If Labour is elected, the party says the UK's steel industry can expect a £3bn investment.
JCB’s Bamford Brothers ‘could owe as much as £500m’ in HMRC probe: reports October 23, 2023 Prominent Tory donors and JCB owners Anthony and Mark Bamford may have to foot a bill of over £500m to resolve a three-year long investigation by HM Revenue and Customs (HMRC).
Seraphim Space fund’s value falls back down to earth as share price tanked this year October 17, 2023 Seraphim Space Investment Trust (SSIT) has posted a decline in its net asset value as shares remain stuck in a rut.
Car industry plan could create 80,000 jobs, Labour says October 10, 2023 Labour have unveiled their plans for the car industry which they say could create 80,000 jobs, Jonathan Reynolds has said.
Bezos chases Musk: Amazon to launch first satellites into space in global internet mission October 6, 2023 Amazon is set to launch its first satellites into space as part of a mission to bring fast internet connection to all corners of the globe. The multinational technology giant will launch two test satellites from a space station in Florida on Friday afternoon. It is part of mission, called Project Kuiper, to bring fast [...]
Manufacturing slide continues in wake of market uncertainty October 2, 2023 Rob Dobson, director at S&P Global Market Intelligence, said: “September saw the manufacturing sector still mired in contraction territory, as weak conditions at home and abroad hit new order intakes and led to a further scaling back of production volumes."
China: Manufacturing activity returns to expansion amid hopes economy is stabilising September 30, 2023 China's factory activity expanded for the first time in six months in September, an official survey showed on Saturday, adding to a run of indicators suggesting the world's second-largest economy has begun to bottom out.