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Selling factories to Chinese partners: risky road for European carmakers
Paris (France) (AFP) - Carmaker Stellantis announced Friday it is considering selling an underutilised factory in Spain to its Chinese joint venture Leapmotor, which...
Read moreUS job growth beats expectations but consumer confidence at all-time low
Washington (United States) (AFP) - US employment rose more than expected in April, alleviating some concerns about the health of the world's largest economy...
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German sports car maker Porsche to cut 500 jobs
Frankfurt (Germany) (AFP) - Porsche said Friday it will close three subsidiaries, including an EV battery developer, with the loss of more than 500...
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