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Germany Manufacturing Newswire

  • Published on Oct 30, 2024

    Germany detains a Russian man suspected of evading sanctions to buy antennas and sonar for Russia

    Germany detained a Russian citizen on suspicion of evading sanctions to buy antennas and sonar for the Russian Federation. Customs officers in Nuremberg, Germany, have detained a Russian citizen suspected of circumventing sanctions, Tagesspiegel reports. …

    Source: Insight News Media - Uncategorized
  • Published on Oct 30, 2024

    German coal use continues downward trend in 2024

    Germany’s coal consumption continued its downward trend in 2024, helping to reduce the country’s climate-damaging CO2 emissions, said energy market research group AG Energiebilanzen (AGEB) based on preliminary data. In the first nine months of 2024, the …

    Source: Clean Energy Wire - Neutral
  • Published on Oct 30, 2024

    Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race

    Germany's automotive industry is facing an increasingly difficult outlook. Volkswagen may close factories in Germany for the first time, and BMW and Mercedes-Benz are struggling. Experts told BI that all three companies face slumping EV sales and …

    Source: Business Insider - Neutral
  • Published on Oct 30, 2024

    Kremlin warns new German arms plant in Ukraine is a fair target

    Kremlin spokesman Dmitry Peskov said that a Rheinmetall military factory that recently opened in Ukraine “certainly is” a fair target, speaking to Russian government-owned news agency TASS. Rheinmetall, based in Dusseldorf, is one of the biggest arms …

    Source: Investment Monitor - Neutral
  • Published on Oct 30, 2024

    German Economy Avoids Recession But Not Broader Crisis

    Breadcrumb Trail Links PMN Business Germany’s economy, Europe’s largest, has once again avoided a technical recession but businesses and consumers keep sending warning signals that the challenges engulfing the country are becoming harder to bear. Author of …

    Source: Financial Post - Center-right
  • Published on Oct 30, 2024

    Eurozone Growth Beats Expectations, Germany Dodges Recession

    (Bloomberg) -- The euro area’s economy expanded more strongly than expected in the third quarter — with even Germany avoiding the recession it was widely tipped to endure. Most Read from Bloomberg Growth in the 20-nation currency bloc quickened to 0.4%, …

    Source: Yahoo Finance - Label Pending
  • Published on Oct 30, 2024

    Most Euro-Zone Economies Grow as Germany Averts Recession

    Breadcrumb Trail Links PMN Business Most of the euro area’s largest economies expanded in the third quarter — with even Germany avoiding the recession it was widely tipped to endure. Author of the article: Bloomberg News Alexander Weber, James Regan and …

    Source: Financial Post - Center-right
  • Published on Oct 30, 2024

    Philip Morris to Close German Factories

    Philip Morris International is closing two tobacco factories in Germany due to weak demand across Europe, reports Bloomberg. The multinational said on Oct. 29 that demand for cigarettes had fallen significantly in recent years, and that the trend is likely …

    Source: Tobacco Reporter - North Carolina - Label Pending
  • Published on Oct 30, 2024

    Industrial Slump Leaves Germany On Brink Of Recession

    German output likely contracted again in the third quarter as an industrial slump drags on, official data is expected to show Wednesday, tipping Europe's largest economy into recession. Federal statistics agency Destatis will unveil its quarterly GDP …

    Source: International Business Times - Label Pending
  • Published on Oct 30, 2024

    Merck invests $76 M to expand ADC manufacturing for novel cancer therapies

    Expansion to create 170 jobs at Bioconjugation Center of Excellence in St. Louis, Missouri MilliporeSigma, the US and Canada Life Science business of Merck KGaA, Darmstadt, Germany, has announced a $76 million expansion of its antibody drug conjugate (ADC) …

    Source: Biospectrum Asia - Neutral
  • Published on Oct 30, 2024

    Landmark UK-Germany Defence Agreement

    A landmark defence agreement has been signed by Defence Secretary John Healey MP and German Defence Minister Boris Pistorius in a major moment for NATO, and European security and prosperity. It is the first-of-its-kind agreement between the UK and Germany …

    Source: Pathfinder International - Label Pending
  • Published on Nov 2, 2024

    Management complacency lies at the heart of Volkswagen’s mess

    Open this photo in gallery:A person carries luggage near the Volkswagen power plant in Wolfsburg, Germany on Oct. 30. The impending shuttering of factories for the first time in VW’s 95-year history hint at much deeper cracks in the country’s automaking …

    Source: The Globe and Mail - Neutral
  • Published on Oct 30, 2024

    Labor supply in Germany’s automotive sector to decrease by 6.3 percent by 2035

    (MENAFN) According to a recent study conducted by the research institute Prognos, commissioned by the German Association of the Automotive Industry (VDA), labor supply in Germany's automotive sector is projected to decrease by 6.3 percent by the year …

    Source: MENAFN - Uncategorized
  • Published on Oct 30, 2024

    Media reports mass industrial strikes start in Germany

    (MENAFN) Germany is witnessing widespread industrial action as the trade union IG Metall has initiated strikes across the metal and electrical sectors in a bid to secure increased wages for workers. This significant move comes at a time of rising concerns …

    Source: MENAFN - Uncategorized
  • Published on Oct 31, 2024

    Innomotics transforming the cement industry with innovative motor solutions and AI technology

    Innomotics is a global company supplying a wide range of products, services, and solutions to major industries, including mining, oil & gas, water, cement, hydrogen, and car-making. Created from Siemens AG’s Large Drives division, the company is …

    Source: World Cement - Label Pending
  • Published on Nov 1, 2024

    Arbe Robotics, Ltd. Announces Pricing of up to $49 Million Public Offering

    $15 million upfront with up to an additional $34 million of aggregate gross proceeds upon the exercise in full for cash of long-term and milestone-linked warrants TEL AVIV, ISRAEL, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Arbe Robotics Ltd. (NASDAQ, TASE: ARBE) …

    Distribution channels: Automotive Industry ...
  • Published on Nov 1, 2024

    Tariffs on Chinese EVs make poor economic, political sense

    Illustration: Liu Rui/GT If the EU really wants to protect its domestic industries and save the jobs of its citizens, it should reconsider its approach to establishing trade tariffs on China. Countervailing duties can lead to falling profits, job …

    Source: Global Times - Gov't Propaganda
  • Published on Nov 1, 2024

    Volkswagen Proposes 10% Wage Cut to Union Amid Financial Struggles

    Volkswagen Group is seeking significant cost reductions as it faces declining demand, rising expenses, and mounting competition. The automaker has proposed a 10 per cent wage reduction for its union employees after IG Metall, the union representing …

    Source: The Sun Daily - Neutral
  • Published on Oct 23, 2024

    Predictions 2025: Smart manufacturing and mobility firms adapt with tech

    Asset-intensive industries like manufacturing and transportation quickly feel pain when energy prices rise, raw materials are harder to access, or borrowing money for capital projects becomes more expensive. They were hit by all of those and more in 2024, …

    Source: FutureIoT - Neutral

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