Business and Company News - Page 2
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Sabadell Builds a Defensive Shareholder Bloc With BPCE
France's BPCE has bought about 7% of Banco Sabadell for roughly €1.2 billion. The stake gives Sabadell a powerful new shareholder after BBVA's failed takeover attempt.
Jencore opens its renewable construction business to outside clients
Jencore has signed its first disclosed contract outside Audax, an agreement with Heliades Energy to develop around 5 MW in Italy. Four former OHLA executives will lead the expansion, which targets 150 MW for outside clients by 2027.
Sabadell builds a defensive shield with BPCE stake
BPCE has acquired around 7% of Banco Sabadell, becoming a major long-term shareholder after BBVA's failed takeover bid. The stake could support a wider banking partnership across the Iberian Peninsula.
Nissan MICRA electric gains ground as QASHQAI e‑POWER surges in Spain
Nissan’s latest figures show the MICRA electric climbing in city car rankings while the QASHQAI e‑POWER cements its role among Spanish SUVs. The brand’s commercial vehicles also post strong results, signaling a strategic shift in Spain’s electrified mobility landscape.
Spain delays Verifactu rollout until 2028 after business pushback
The Spanish government has postponed the Verifactu digital invoicing system for a third time, aligning its start with electronic invoicing rules in 2028. The move follows sustained pressure from business groups and tax advisors demanding a unified transition.
Spanish companies stall on electric cars as private buyers surge ahead
Spanish companies buy most new cars but resist electric models. Only 10 percent of their purchases are zero emissions, while private buyers reach 25 percent. New incentives target small businesses, but the gap remains.
Spain pushes Verifactu launch to 2028 in major tax tech delay
The Spanish Tax Agency has postponed the full rollout of Verifactu until October 2028, aligning it with the new electronic invoicing mandate. This move follows months of industry lobbying and signals a strategic shift in Spain’s digital tax agenda.
Iberdrola eyes insurance sales as Spain’s electric car sector draws billions
Iberdrola is moving to sell insurance to its customers in a bid to diversify income streams. Meanwhile, Spain is seeing a 7.6 billion euro influx into electric vehicles and a banking sector racing to harness artificial intelligence.
Seat puts Indra defence vehicle deal on hold
Seat has paused talks with Indra over a proposed military vehicle programme at its Martorell plant. The carmaker remains unsure about the project's scale, future and value to its business.
Kia Xceed gets a major overhaul below €20,000 in Spain
Kia has renewed its best-selling Xceed in Spain with a new exterior, updated cabin technology and petrol or mild-hybrid power. Discounts reduce the starting price to €19,860.
Ebro overtakes Ford and Fiat in Spain with record-breaking sales
Ebro has put more than 20,000 vehicles on Spanish roads in just nine months of 2026, leaving Ford and Fiat behind and closing in on Opel. The brand’s fast climb shows Spanish buyers are changing what they want from their cars.
Alphabet reaches 100,000 vehicles in Spain after 25 years
Alphabet now manages over 100,000 vehicles in Spain, a major milestone for the BMW Group subsidiary. The company is moving deeper into electrification, flexible leasing, and digital fleet solutions for businesses.
FoodTech 2026 brings smarter food production to Barcelona
More than 330 exhibitors from 22 countries will gather in Barcelona from 6 to 8 October. AI, automation, safer ingredients and waste-cutting systems will share the floor.
Renault halts production at factories across Castilla y León
Production stoppages began at Renault plants in Castilla y León on 1 October. Around 5,500 workers are affected as weak European demand forces the company to reduce output.
Ford CEO signals readiness for Chinese partnerships in key markets
Ford’s top executive Jim Farley is open to strategic alliances with Chinese carmakers where it boosts efficiency. As Europe cedes ground to China, Ford eyes selective cooperation to stay competitive in electric vehicles and global markets.
Chinese giant Gotion takes major stake in Volkswagen battery plant in Valencia
Gotion will invest 1.1 billion euros to acquire 49 percent of Volkswagen’s battery gigafactory in Sagunto. The move cements a powerful alliance and signals a new era for European battery production.
Sener nears final tests for Rosalind Franklin Mars landing gear
Sener is finishing the final qualification work on Rosalind Franklin's landing gear. The four-leg system must deploy in under one second before the 2028 mission begins its search for signs of life on Mars.
Telefónica dismantles Movistar Plus board in Spanish overhaul
Telefónica is reshaping its Spanish business around three commercial units. Movistar Plus will lose its separate board and report directly through B2C España.
Telefónica España splits into three independent business units
Telefónica España is creating three independent units and moving its registered office to Ronda de la Comunicación in Madrid. The decision follows the sale of the group's historic Gran Vía 28 building.
Leapmotor B10 test drives mark turning point for Stellantis Figueruelas
The Leapmotor B10, Stellantis Figueruelas’ first Chinese electric SUV, is now being tested on public roads near Zaragoza. This signals a major step in the plant’s rapid transformation and the arrival of a new player in Spain’s car market.
Amazon launches the Fire TV Stick 4K in Spain
Amazon has launched its new Fire TV Stick 4K in Spain. The compact player costs 35.99 euros during the launch offer and comes with a redesigned remote featuring a configurable button.
MSD Animal Health launches Nobivac NXT in Spain
MSD Animal Health presented Nobivac NXT at its Madrid headquarters, where more than 110 distribution partners attended the first launch meeting. The company is entering a market in which around one in five cats still does not receive vaccination.
Credit Acceptance faces record payout over doomed car loans
Credit Acceptance Corporation will pay 694 million dollars after being accused of knowingly approving car loans that many borrowers could never repay. The deal includes cash compensation and large-scale debt forgiveness for affected customers.
Spanish Moves Reach Every Continent With Mudanzas BCN Internacional
Mudanzas BCN Internacional manages international moves from Spain to all continents, handling homes, offices, and vehicles with a flexible mix of land, sea, and air transport. Their team covers every step, from packing to customs.
Indra changes its leadership team before strategy reset
Indra is changing its executive structure before it unveils a new strategy. Five senior managers are leaving, while Defence and Operations get new leaders.
MG3 shakes up Spanish market with new upgrades and low price
MG has launched the updated MG3 in Spain, keeping its price under 14,000 euros for petrol and under 18,000 euros for hybrid. The new version brings improved comfort, refined hybrid performance, and a generous equipment list.
Almería puts Mars landing gear through its final test
A Spanish-built landing system is entering its final qualification stage. ESA will test a Mars rover prototype in Almería before the 2028 mission.
Schneider Electric takes Ruta 26 back on the road
Schneider Electric is restarting Ruta 26 across Spain and Portugal. More than 40 stops will bring training, digital tools and technical advice to electrical professionals.
Stella Li picks the Denza B5 as the SUV that makes women feel unstoppable
Stella Li, the powerhouse behind BYD’s global push, singles out the Denza B5 as her top pick for women who want power, safety, and confidence on the road. Her stance signals a new direction in how carmakers approach female drivers.
Telefónica Germany turns to AI as merger talk returns
Telefónica Germany is rebuilding after losing 1&1. AI should cut costs as the operator expands fixed-line services, targets business customers and keeps network deals on the table.
Telefónica puts German O2 through an AI-led overhaul
Telefónica is rebuilding its German O2 business around artificial intelligence. The plan includes 150 AI applications, staff cuts and 60 store closures as the company seeks new growth.
Ford profit plunges in Spain even as car sales climb
Ford Spain closed 2025 with a net profit of €69 million, down 70% from the year before. Sales jumped, but revenue and output dropped, showing the strain of the electric transition.
Geely E5 SUV gets major power and range boost after sales slump
Geely has rolled out a revamped EX5 SUV with a 333 CV motor and up to 521 km of range. The move comes as sales in China tumble, forcing the brand to up its game in the electric SUV race.
ASUS Zenbook 14 takes aim at the MacBook Neo for 799 euros
ASUS presented the Zenbook 14 in Madrid with a starting price of 799 euros. The Snapdragon X laptop weighs 1.1 kilos and brings Copilot+ features to a direct Apple rival.
GWM targets rapid growth in Spain with seven new models
GWM is betting on a bold expansion in Spain, aiming for a three percent market share within three years. The company plans to introduce seven new models and build a robust dealer network despite rising tariffs on Chinese electric vehicles.
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