Employees work on the assembly line of new energy vehicles (NEVs) at a workshop of China FAW Group’s Hongqi Fanrong Plant on July 5, 2023 in Changchun, Jilin Province of China. Zhang Yao | China News Service | Getty Images DETROIT — The unraveling of the U.S. electric vehicle push is increasingly raising concerns of… Continue reading How America’s EV retreat is increasing China’s control of global markets
Tag: Manufacturing
Stellantis announces $26 billion hit from business overhaul; shares plunge
Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico April 4, 2025. Henry Romero | Reuters Shares of automaker Stellantis plunged 27% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26… Continue reading Stellantis announces $26 billion hit from business overhaul; shares plunge
Roberta Corrà Honored in New York as Wine Enthusiast’s 2025 Person of the Year
Guiding Italian Wine at the Intersection of Heritage, Leadership, and Global Markets NEW YORK, Feb. 6, 2026 /PRNewswire/ — The 26th Annual Wine Enthusiast Wine Star Awards took place on January 26, 2026 at The Glasshouse in New York City, bringing together leaders from across the global wine and spirits industry. On the occasion, Roberta… Continue reading Roberta Corrà Honored in New York as Wine Enthusiast’s 2025 Person of the Year
Axcelis Stockholders Approve Merger with Veeco
BEVERLY, Mass., Feb. 6, 2026 /PRNewswire/ — Axcelis Technologies, Inc. (Nasdaq: ACLS) (“Axcelis”) today announced that its stockholders have voted to approve all proposals related to the Company’s pending merger (the “Merger”) with Veeco Instruments Inc. (Nasdaq: VECO) at its Special Meeting of Stockholders (“Special Meeting”). The final voting results of the Special Meeting will be… Continue reading Axcelis Stockholders Approve Merger with Veeco
German FAZ: German exports rise sharply – but production shrinks at the end of the year010539
For German exporters, the year 2025, which was characterized by higher US tariffs and increasing competition from China, ended on a positive note. Their exports grew by 4.0 percent in December compared to the previous month to 133.3 billion euros, as the Federal Statistical Office announced on Friday. This is the largest increase since October… Continue reading German FAZ: German exports rise sharply – but production shrinks at the end of the year010539
German FAZ: Stellantis cancels electric cars and writes off billions – the share price falls by 28 percent010540
The Opel parent company Stellantis has to write off 22 billion euros and cancel the dividend in order to “put customers and their preferences back at the center of our actions”. The second largest European car manufacturer and VW competitor announced this on Friday at its headquarters in Amsterdam. The stronger customer orientation should primarily… Continue reading German FAZ: Stellantis cancels electric cars and writes off billions – the share price falls by 28 percent010540
German FAZ: What lies ahead for the new Toyota boss010539
The old and new Toyota boss appeared in a particularly friendly manner on Friday in front of the journalists who had been summoned at short notice in Tokyo. Just an hour earlier, the world’s largest car manufacturer had surprisingly announced that the previous CFO, Kenta Kon, would take over the chief position from Koji Sato… Continue reading German FAZ: What lies ahead for the new Toyota boss010539
Del Monte Foods Receives Court Approval for Sale Transactions
Court approves asset purchase agreements across all Del Monte Foods business segments, including Vegetable, Fruit, Tomato, and Broth & Stock businesses Provides a clear path forward for Del Monte Foods’ portfolio of brands and businesses under new ownership Company remains focused on maintaining service continuity for customers and partners through close of transactions WALNUT CREEK,… Continue reading Del Monte Foods Receives Court Approval for Sale Transactions
Great Park Live Announces Expansive 2026 Lineup and Major Venue Enhancements Including 10,000 Guest Capacity
Lineup includes I Love The 90’s, Blippi: Live, Billy Currington, and more! IRVINE, Calif., Feb. 6, 2026 /PRNewswire/ — Great Park Live, Irvine’s premier outdoor entertainment destination, is kicking off 2026 with an exciting and diverse calendar of live events, alongside major venue upgrades that signal the venue’s biggest year yet. The newly announced lineup… Continue reading Great Park Live Announces Expansive 2026 Lineup and Major Venue Enhancements Including 10,000 Guest Capacity
ALLMEP Commends Congress on Approving Additional Peacebuilding Funds as Trump Plan Enters Phase II
$87.5 Million Now Ready for Administration to Deploy WASHINGTON, Feb. 6, 2026 /PRNewswire/ — On Tuesday, the U.S. Congress passed a bill significantly increasing the funding available for Israeli-Palestinian civil society and economic peace-building, a longtime priority of the Alliance for Middle East Peace (ALLMEP)’s advocacy toward MEPPA. This marked increase comes as the Trump… Continue reading ALLMEP Commends Congress on Approving Additional Peacebuilding Funds as Trump Plan Enters Phase II