Newsfeeds Archive - Spark Newswire

2 minute read

European Commission Backs Italian State Aid To STMicroelectronics’ Chip Plant: Details

May 31, 9:09 AM

The European Commission has approved Italian state aid to support STMicroelectronics in building a €5 billion plant in Catania, Sicily. This facility will produce energy-efficient silicon carbide chips for electric vehicles. The aid includes a €2 billion direct grant. This move aims to strengthen Europe's semiconductor ecosystem and reduce reliance on imports, aligning with digital and green transition goals.

BMWYY

1 minute read

Volkswagen Abandons Renault Partnership On Affordable EV Project: Report

By Shivani Kumaresan

May 17, 11:52 AM

Volkswagen has reportedly ended talks with Renault regarding a joint venture to create an affordable electric Twingo. Despite months of negotiations, they couldn't reach an agreement, leaving Renault to continue the project independently, aiming for a 2026 release.

BYDDF

1 minute read

Automotive Seating Maker Adient To Slash Jobs In Europe

By Shivani Kumaresan

April 23, 6:48 AM

Adient has put forward restructuring plans in Europe to reduce operating, administrative and engineering costs. The plan primarily consists of workforce reductions and the transfer of work to countries with lower labor costs.

ADNT

2 minute read

Renault’s Shares Shoot Up On Merger Rumor But Stellantis Pops The Bubble: ‘There Are No Plans’

By Benzinga Neuro

February 5, 7:59 AM

This response comes after the Italian daily Il Messaggero suggested that the French government, Renault's major shareholder, was exploring a merger between the two groups.

RNSDF

1 minute read

News
Tech

Renault Group Hits Brakes On EV-Software Arm Ampere’s IPO Amidst Challenging Stock Market

By Anan Ashraf

January 30, 5:15 AM

The company now intends to continue funding the development of Ampere until it reaches breakeven in 2025, it said in a statement.

RNLSY

2 minute read

Chinese EV Makers, BYD, Geely Under EU Scrutiny: Report

By Shivani Kumaresan

January 12, 11:54 AM

The European Commission is set to conduct inspections of several Chinese automakers, including BYD, Geely Automobile and SAIC.

BMWYY

2 minute read

Ryanair Passengers Reportedly Unshaken By Boeing Safety Drama, CEO O’Leary Says “We See No Indication Of Any Passenger Concern”

By Nabaparna Bhattacharya

January 11, 8:55 AM

Passengers of Ryanair Holdings Plc (NASDAQ:RYAAY) are reportedly unfazed about flying on Boeing Company (NYSE:BA) 737 aircraft, despite the grounding of several…

ALK

1 minute read

Renault Looks To Choose Twingo EV Partner By Early 2024: Report

By Shivani Kumaresan

December 11, 1:01 PM

French automaker Renault SA (OTC: RNSDF) (OTC: RNLSY) is reportedly seeking a partnership to develop its new Twingo electric vehicle and aims to finalize its partner choice potentially by early next year.

RNLSY