The manufacturer of tires and automotive components Continental announced that it will lay off 1,200 employees as part of a reorganization of its automotive division in Germany’s Rhine-Main region. The company has decided to turn Frankfurt into the technology center for high-performance computing, so the activities of two factories in Wetzlar and Schwalbach will be […]
Tag: automotive
UAW strike would jeopardize financial strategies of GM and Ford
General Motors and ford have drawn up ambitious plans to spend billions on developing new electric vehicles while returning capital to investors, all financed by the strong profits of combustion trucks and SUVs. However, the rising costs of the United Auto Workers (UAW) union strikes and eventual contract agreements are putting these plans in jeopardy, […]
Automotive sector in the US: Strike extends to other Ford and GM plants
ANDThe American union United Auto Workers (UAW) this Friday expanded the strikes of automotive to two other vehicle assembly plants of Ford and General Motors (GM) due to the lack of progress in the negotiations for a new collective agreement. The president of the union, Shawn Fain, announced the extension of the strikes in a […]
Rolls-Royce develops a nuclear reactor for future lunar bases
British industrial group rolls royce announced on Friday that it has received funding of 2.9 million pounds sterling (€3.3 million, US$3.5 million) from the British space agency to develop small nuclear reactors on future lunar bases. “Rolls-Royce scientists and engineers are working on the microjet program to develop technology that will provide humans with the […]