Tuesday, 1 April 2025
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Tom Käckenhoff

A banner advertising the newly opened Electric Vehicle Center hangs at Ford's Cologne plant, which together with the Aachen site is affected by around 2,300 job cuts, as announced in February, in Cologne, Germany, June 12, 2023. REUTERS/Jana Rodenbusch/File Photo
AutomotiveBusinessElectric Vehicles (EVs)EmissionsNewsTransport

Ford to cut European jobs as EV shift, Chinese rivals take toll

Ford to cut 14% of European workforce, citing EV losses, weak demand and rising competition.

A view of the ThyssenKrupp headquarters in Essen, Germany, November 22, 2023. REUTERS/Jana Rodenbusch/File Photo
BusinessEconomyGreen SteelIndustryNewsTrade

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Thyssenkrupp takes one billion euros steel writedown, shares jump 10 per cent as analysts eye cash flow gains and a potential stake sale.

FILE PHOTO: A recording light of a TV camera is flashing red as Siemens Energy CEO Christian Bruch addresses the annual results news conference in Munich, Germany, November 15, 2023.   REUTERS/Leo Simon/File Photo
BusinessManufacturingNewsOffshore WindUtilitiesWind

Siemens Energy raises mid-term outlook as turnaround gathers pace

Siemens Energy narrows Q4 losses, triples shares YTD, and raises 2028 profit outlook, driven by strong demand and order growth.

FILE PHOTO: A recording light of a TV camera is flashing red as Siemens Energy CEO Christian Bruch addresses the annual results news conference in Munich, Germany, November 15, 2023.  REUTERS/Leo Simon/File Photo
BusinessElectricityFinanceLabourNewsWind

Siemens Energy raises outlook, flags CEO change at troubled wind unit

Siemens Energy will replace CEO of troubled wind turbine division after little more than two years in the job, the company said Wednesday

FILE PHOTO: Logo of Uniper is pictured at the company's headquarters, as Germany agreed to nationalize Uniper by buying Fortum's stake in the gas importer to secure operations and keep its business going, in Duesseldorf, Germany, September 21, 2022. REUTERS/Wolfgang Rattay/File Photo
BusinessNatural GasNews

Exclusive-Uniper’s dormant gas contracts may pose hurdle to listing

Uniper is looking to the courts to solve the issue of its gas supply contracts that could deter investors upon its return to...

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