As it expands its data center business amid soaring demand, France’s Schneider Electric reached its largest deal ever on Monday, agreeing to purchase US software
Category: Industries
Renault invests $11 billion in French EV and low-cost car production.
“Over the last five years, we invested €13 billion in France to transform our industrial footprint entirely to bet on electric, and over the next
GE Aerospace to buy casting maker CPP for nearly $12 billion to boost supply chain.
To improve its supply-chain capabilities, GE Aerospace announced on Tuesday that it would purchase castings manufacturer Consolidated Precision Products from investment firms Warburg Pincus and
Continental spinoff ContiTech to Lone Star Funds for $4.6 billion.
Continental announced on Saturday that it had reached a deal with private equity firm Lone Star Funds to sell its ContiTech plastics and rubber division
Gaming business AI-driven cost reductions might release $22 billion in earnings, says Morgan Stanley.
Morgan Stanley analysts stated that sophisticated artificial intelligence capabilities might help reduce the cost of creating video games by almost half, possibly opening up $22
Volkswagen will invest $186 billion by 2030 despite crises in Chinese and US markets, the CEO says.
Oliver Blume, the CEO of Volkswagen Group, stated that the company intends to invest 160 billion euros ($186 billion) through 2030, indicating a tightening of
The US seeks South Korean and Japanese shipbuilding expertise to combat China.
US lawmakers are traveling to South Korea and Japan to investigate how the US may use their shipbuilding experience and capabilities to strengthen its capabilities,
Toyota will take forklift-maker private in a $33 billion landmark unwinding of cross-shareholding deal.
The companies announced on Tuesday that Toyota Motor will take forklift maker Toyota Industries, private in a $33 billion deal. The companies said that going
China’s global dominance in shipbuilding poses economic and national security threats for the US.
The U.S. share of the global commercial shipbuilding market has dropped to just 0.1%, while China has become the dominant player in just 20 years,
Toyota rejigs its board by adding auditors for the first time and outsiders to outperform Tesla and BYD.
To include a wider range of perspectives and give auditors more responsibility, Toyota revealed plans to reorganize its board on Tuesday. Christopher Reynolds, who is
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