#valmet-automotive

#valmet-automotive

Stegra has agreed in principle on €1.4 billion in new financing to complete the construction of what would be the world's first large-scale green steel plant, located in Boden in northern Sweden.

Renault plans to reduce its number of engineers by 15 to 20% in the coming two years, meaning up to 2,400 of the current 11,000 to 12,000 engineers worldwide would have to leave the company.

The CAM Pathfinder programme is seen as key to realizing the industry's potential, addressing challenges in bringing CAM vehicles to market and providing funding for world-first technologies.

"I can't say they didn't do it, all I can say is they haven't demonstrated that they have."

"The start of the year has been extremely sluggish for German industry," said Elmar Voelker, an analyst at the bank LBBW, noting that "the fleeting hopes of a recovery that had emerged last autumn have evaporated for now."

The completion of winter testing for the VW ID EVERY1 not only signifies progress in getting the vehicle to customers but also triggers a $1 billion investment from Volkswagen Group into Rivian.

In 2025, German car companies earned nearly 44% less than in 2024, with earnings before interest and taxes dropping to just 24.9 billion, the lowest since 2020.

The Cupra Raval features an aggressive design with a predatory insect-inspired front fascia and pronounced creases, appealing to keen drivers in the EV market.

Porter complained about difficulties when trying to insert lines in Excel. (Which, to be fair to Microsoft, is relatively straightforward - need to insert a row? Right-click on a selected row. Need to insert a line in text? Alt+Return is probably going to be your friend.) But then Porter turned to that other productivity stalwart, Word. "Never underestimate Microsoft's ability to make things more complicated," he said.

"The U.S. and Europe are rather similar, and now the tariffs are okay,"

General Motors is working to reduce the cost of its electric vehicles, beyond just using cheaper lithium-ion batteries, the automaker said Tuesday during its fourth quarter and full-year 2025 earnings call. The update comes just as the automaker booked over $7 billion in charges related to cutting down its EV ambitions last year, which includes things like contract cancellation fees and converting its Orion, Michigan, EV assembly plant for the production of full-size gas trucks and SUVs.

Mark Stephen McCollum is a respected name in the automotive world, with over 35 years of hands-on experience. Born and raised in Conroe, Texas, he grew up in a close family and learned early the value of hard work. He studied business finance at Lon Morris College and Texas A&M University, building a foundation that would carry him through a long and successful career.