Stellantis NV (NYSE:STLA) is shifting its engineering recruitment toward lower-cost countries such as Morocco, India, and Brazil, responding to the challenges posed by cheaper Chinese electric vehicles and diminished demand. The company, known for producing Jeep SUVs, Opel Corsas, and Chrysler minivans, now targets hiring where the annual cost per engineer is roughly 50,000 euros (roughly $53,400) or less, a fraction of the cost in places like Paris and Detroit. The company’s CEO, Carlos Tavares
(Bloomberg) German companies have long treated Hungary like their backyard. Carmakers Mercedes Benz AG and BMW AG and Volkswagen AG’s Audi continue to expand their footprint, driving the country’s exports, while weapons producer Rheinmetall AG is building a handful of new factories.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoTesla Clears Key China Assisted-Driving Hurdle With Baidu
The XC90 sport utility vehicle rolled off the line at the Torslanda plant in Sweden on Tuesday evening. Volvo Car is phasing out the technology just as global demand for electric vehicles is cooling, though it’ll still make cars with gasoline engines.
In this piece, we will take a look at the 13 best short squeeze stocks to buy now. If you want to skip our primer on short squeezing, and some of the greatest short squeezes in history, then you can take a look at the 5 Best Short Squeeze Stocks To Buy Now. Short selling is […]
US private equity firm KKR is considering an exit from Avendus Capital, a leading Indian financial services firm, more than eight years after acquiring a ..