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Speaking to Handelsblatt , the head of Ford’s German operations, Gunnar Herrmann, has revealed that the company could begin to manufacture electric vehicles (EVs) in Germany in 2023. Hermann revealed that this would be in line with the end of the life cycle of the company’s Ford Fiesta model, whilst also accounting for the time that it would take to repurpose t...
Alstom will supply Trenitalia with 54 regional trains after winning four contracts worth a total of €330mn. Italy's national rail operator will acquire Alstom's Coradia Stream 'Pop' trains for use in the regions of Abruzzo, Liguria, Marche and Veneto, extending a developing partnership between the two entities. The deal is part of the framework agreemen...
Airbus has signed a Memorandum of Understanding (MOU) with Luxembourg to increase their long-term cooperation. The French aircraft manufacturer will work with Luxembourg on cyber security by partnering with the Luxembourg Cybersecurity Competence Center (C3), a public private partnership programme. Other areas of focus will be remotely piloted aircraft systems and space tec...
Daimler is committed to raising its production rate for its vehicles to around three millions units per year. The German automaker, which owns Mercedes-Benz, is set to react to growing customer demand around the world by increasing its annual output by a significant 25% from 2.4mn vehicles. Details published by weekly magazines Automobilwoche revealed ...
Carrefour has taken a majority stake in foodtech startup Quitoque as it further accelerates its digitisation. Earlier this year, the French retail giant revealed its much-anticipated transformation plan for the next four years, titled 'Carrefour 2022' and centred around a sizeable investment in its digital presence. Now it has taken the step of taking over Quitoque, on...
Unilever is to streamline its business by reverting to a single legal entity with three core divisions. Sold as the next stage of its transformation, the multinational will have its corporate headquarters in Rotterdam, the Netherlands while operating Beauty & Personal Care, Home Care and Foods & Refreshment divisions. The changes, which were finalised in a board meeting ...
Wednesday was a bleak day for the UK retail sector as Toys R Us and Maplin, two of its most recognisable brands, faced up to the reality of administration. 3,000 jobs are at risk at Toys R Us UK, which operates over 100 out-of-town stores across the country, while Maplin, specialists in electronic goods, has blamed the drop in the value of sterling for its cession to administrat...
US ecommerce giant has revealed that it will create roughly 2,000 new jobs in France during the course of 2018, making it the firm’s third largest European market behind Germany and the UK. Speaking to Reuters , Amazon revealed that the 2,000 new jobs would raise the firm’s total employee base in the country to 7,500 for the year, indicating continued confidence in the coun...
Airbus has secured a decade of production for its A380 superjumbo after the finalisation of its $16bn deal with Emirates. The two companies agreed a Memorandum of Understanding (MoU) last month but the contract, which is for a maximum of 36 aircraft, was signed at the weekend. HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group and Mika...
Amazon Business has been launched on the e-commerce giant's French platform, the latest stage of its global expansion. By being hosted on amazon.fr, Amazon Business is now available in three European countries - the United Kingdom and Germany as well as France - and also the United States, Japan and India. The service, which offers business users a number of incentives to pu...
Budget airline Ryanair has promised to be plastic-free within five years as part of its 'Always Getting Better' plan. The Irish company has committed to eliminating all non-recyclable plastics from both its aircraft and its operations hubs, bases and offices. It will implement the use of wooden cutlery, bio-degradable coffee cups and paper packaging between now and 2023. It i...
Host of the world’s largest 24-hour online shopping event, Alibaba’s influence on the global retail stage is unrelenting. On 11 November 2017 alone some $25bn of sales passed through its portal. Driven by an ever-expanding middle class Chinese population with growing disposable incomes, the ecommerce giant is proving to be a valuable platform for companies all over the w...
The February issue of the Europe edition of Business Chief, packed with interviews and insight, is now live ! Few retailers are able to match the mighty Alibaba for its customer-base, but how exactly can businesses in Europe take advantage of its huge reach in China? In our cover interview this month, Tom Wadlow speaks to David Lloyd, Alibaba’s Managing Director for the UK, ...
Amazon is to open a new fulfilment centre in Rugby, United Kingdom, taking the e-commerce giant's investment in the country since 2010 up to £6.4bn. The centre, Amazon's 17th in the UK, will add 400 permanent jobs in the West Midlands - a region where it already employs 2,500 workers at bases in Rugeley, Coalville and Daventry. £6.4bn has been spent by Amazon...
The Turkish government's defense arm has agreed a long-term supplier contract with Airbus worth $7bn. French manufacturing giant Airbus will utilise Turkey's production, engineering and services resources in a deal that could extend to 2030, reports the Daily Sabah . Ismail Demir, representing the Turkish Undersecreteriat for Defense Industries (SSM), sat alongside Airb...
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