Ford (F.N), which faced significant losses in its electric vehicle division last year, plans to invest up to 4.4 billion euros ($4.76 billion) to revitalize its struggling German operations and strengthen its European business. Its German subsidiary, Ford-Werke, will continue its strategic transformation efforts, focusing on cost reduction and improving competitiveness.
As part of the investment, Ford will introduce a new press system for hot-stamping high-strength boron steel to produce lightweight components. The plan also includes logistical support and energy supply projects aimed at lowering production costs and reducing energy consumption, the U.S. automaker confirmed after the Financial Times first...
European stocks surged to record highs as defense shares soared, driven by expectations of increased military spending. Investors also shifted more funds into non-U.S. markets to sidestep the inflationary impact of trade tariffs.
The pan-European STOXX 600 index (.STOXX) climbed about 1%, building on a nearly 4.6% rally from Monday. This upswing comes amid signals...
TotalEnergies CEO Patrick Pouyanne stated on Wednesday that European energy companies should negotiate for a free trade guarantee on liquefied natural gas (LNG) from the United States. He also urged Europe to press the U.S. to lower the cost of its LNG exports, which are currently higher than those of other global suppliers. Pouyanne...
Shares of major European automakers tumbled on Monday after U.S. President Donald Trump imposed steep tariffs—25% on imports from Mexico and Canada and 10% on Chinese goods—fueling concerns that EU exports could be next. The auto and beverage industries were among the hardest hit. Car parts supplier Stellantis, whose brands include Chrysler, Citroën, Fiat,...
New York City, a global hub for innovation and culture, is constantly evolving, embracing new technologies to enhance the lives of its residents and visitors. Augmented Reality (AR) stands out among these transformative forces, offering a unique blend of the physical and digital worlds. By overlaying computer-generated images onto real-world environments, AR is poised...
In a rare public appearance, Alibaba co-founder Jack Ma expressed strong confidence in the future of its affiliate, Ant Group, highlighting the significant opportunities in artificial intelligence for the fintech giant since China paused its planned IPO in 2020. Speaking at Ant Group's 20th anniversary celebration on Sunday, which he also co-founded, Ma embraced...
The U.S. government has approved a conditional loan of $6.6 billion to electric vehicle maker Rivian to support the construction of its long-awaited factory in Georgia. The loan, consisting of $6 billion in principal and approximately $600 million in capitalized interest, is part of the Department of Energy’s Advanced Technology Vehicle Manufacturing program, which...
Concerns about a potential tariff war between China and other major exporting nations are sustaining diplomatic efforts between the world’s second-largest economy and the European Union, despite stalled trade discussions over electric vehicles. While the U.S. election on Tuesday is expected to bring additional American restrictions on Chinese goods, European negotiators are focused on...
Asus' ROG Ally X is a handheld gaming console making waves in the gaming community. As a successor to the original ROG Ally, the X variant brings several enhancements, making it a compelling option for gamers on the go.
Design and Build Quality
The ROG Ally X maintains its predecessor's sleek and futuristic design. The...
Panasonic Energy, a key supplier to electric vehicle (EV) giant Tesla, is poised to ramp up its high-capacity battery production significantly. This strategic move aims to meet the surging demand for EVs and solidify Panasonic's position as a leading player in the global battery market.
According to recent reports, Panasonic Energy invests heavily in research...
China is rapidly transforming its skies into a new economic frontier. The nation is at the forefront of developing and testing a low-altitude economy, with cargo drones and air taxis taking center stage. Recent breakthroughs in this domain mark significant strides towards a future where transportation and logistics are revolutionized.
Engineers have successfully conducted...
Apple's annual iPhone refresh is just around the corner, with the iPhone 16 series expected to launch sometime in September. This year's iteration might bring more than performance upgrades and camera improvements. Rumors suggest a significant change in store for the iPhone's signature facial recognition system, Face ID.
The speculation around a revamped Face ID...
Tech enthusiasts in India anticipating the arrival of Microsoft's latest devices, the Surface Laptop 7 and Surface Pro 11, might have reason to cheer. A recent leak suggests the pricing for these machines in the Indian market, hinting at a possible imminent launch.
Previously unveiled in May 2024, these devices boast of being the first...
Dark matter, the enigmatic substance that dominates the universe's mass, continues to elude us. Its gravitational influence is undeniable, yet its true nature remains a tantalizing mystery in the realm of physics. One particularly fascinating avenue of exploration is ultralight dark matter, particles so ethereal they interact with regular matter even less than their...
Volvo Cars is making waves in the electric vehicle (EV) industry by becoming the first automaker to implement an EV battery passport. This innovative document, designed for their upcoming flagship EX90 SUV, promises a new level of transparency and sustainability within the car manufacturing sector. The passport will act as a detailed record, outlining...
