VW is considering closing four German factories and cutting up to 100,000 jobs.
Tag: Manufacturing
South Korea’s SK Hynix said on Wednesday it plans to raise up to 45.45 trillion won ($29.43 billion) via the listing of American Depositary Receipts, as it seeks to expand its investor base and production capacity for chips used in artificial intelligence.
EV maker Lucid Group said on Monday it would cut about 18% of its U.S. workforce and announced COO Marc Winterhoff had left the company, marking its second major executive change in recent months as it tries to boost profitability amid growing competition.
France’s Renault Group will produce military drones with defence technology firm Thales , the companies said on Tuesday, marking a further push by the automaker into defence manufacturing.