Business and Company News - Page 3
1192 news
Toyota Joins Volvo and Daimler to Double Hydrogen Fuel Cell Lifespan
Toyota has signed a binding agreement with Volvo and Daimler Truck to become an equal partner in cellcentric, aiming to accelerate hydrogen fuel cell development for heavy transport. The new system promises double the durability and improved efficiency, with European rollout planned after 2026.
Mercadona Launches 'Tienda 9' Supermarkets in Madrid and Bilbao
Mercadona has opened its first 'Tienda 9' supermarkets in Madrid and Bilbao. The company invested €11 million in these locations. The new model promises greater efficiency and a focus on fresh products.
Cabify and VTC Partners Avoid €500,000 in Fines Due to Deadline Error
A procedural delay has prevented the Generalitat from collecting €500,000 in fines from Cabify and three VTC firms. The Catalan court ruled the sanctions expired after exceeding the legal deadline. The case highlights ongoing scrutiny of labor practices in Spain’s transport sector.
Renault 5 2026 Unveiled: More Power, Greater Range, Classic Touch
Renault has revealed a significant update for its electric 5 E-Tech, boosting power to 150 hp and extending range up to 430 km. The refreshed model features design cues inspired by the Clio Williams and new customization options.
XPeng Faces Steep Losses as Sales Drop and Costs Surge
XPeng has reported a dramatic increase in losses for the first half of 2026, driven by falling sales, reduced government subsidies, and rising R&D and financial expenses. The company is now relying more on exports as domestic competition intensifies.
Worker Wins €42,671 After Dismissal for Not Clocking In Deemed Unfair
A Catalan court has ruled that firing a veteran employee for not clocking in over seven days was excessive, awarding him €42,671 in compensation. The decision highlights the importance of proportionality and due process in workplace discipline.
Airbus Backs Down on Office Return After Staff Strike Escalates
Airbus has suspended its plan to require four office days per week after protests at its Getafe site. The dispute reveals how remote work has become a core employment condition, not just a logistical issue.
Tesla Faces Massive Recall in China Over Emergency Exit Flaw
Tesla must recall almost 3 million electric cars in China after authorities flagged a critical safety issue with electronic door locks. The move follows a fatal accident and signals a major shift for the electric vehicle market.
Six Bids Compete for €376 Million Catalan Telecom Contract
The Generalitat of Catalonia has received six bids for a €376 million telecom contract. Proposals include major operators and alliances. The process unfolds amid ongoing legal disputes and sector scrutiny.
Leapmotor to Launch Production in Zaragoza After Record Profits
Leapmotor, backed by Stellantis, has posted a dramatic surge in profits and is set to begin manufacturing in Zaragoza. The move marks a major step in the company's global strategy as it navigates new trade barriers and rising costs.
Celta Finalizes Signing of Moroccan Forward Driouech from PSV
Celta has reached an agreement with PSV Eindhoven for Couhaib Driouech. The Moroccan winger will join on a long-term contract. The transfer is valued just under €7 million, boosting Celta's offensive options.
Monte dei Paschi Counters Intesa Sanpaolo With Dual Takeover Bid
Monte dei Paschi di Siena launches a €34 billion bid for Banco BPM and Banca Generali. The move aims to block Intesa Sanpaolo’s acquisition attempt. Market reaction remains cautious amid doubts over the deal’s success.
Laura Olcina Wins National Innovation Award for Leadership in Tech
Laura Olcina, head of ITI, has received Spain’s top innovation award for her leadership and nearly three decades of work. Her approach challenges traditional barriers in the tech sector and highlights gaps in digital transformation.
Hyundai Tucson 2027: A Radical Redesign for the Next Generation
Hyundai has unveiled the fifth-generation Tucson, featuring a striking new design, increased dimensions, and the debut of the Pleos infotainment system. The model is set to launch in Korea this year and reach global markets by 2027.
Catalonia Sees 32% Jump in Inheritance Tax Revenue in Six Months
Catalonia's government collected €692 million from inheritance tax in six months. Property transaction taxes also surged, reflecting a hot real estate market. The trend signals higher fiscal pressure for heirs and buyers.
Disney's Production in Alicante Brings €40 Million Boost to Valencia
Disney's live-action 'Enredados' is driving a surge in economic activity in the Valencian Community. The Generalitat estimates a direct impact of over €40 million. Alicante's Ciudad de la Luz is at the center of this international production.
Lamborghini Unveils Its Most Powerful Car Ever: The Revuelto SV
Lamborghini has introduced the Revuelto SV, a 1,065-horsepower hybrid supercar that redefines the brand’s performance standards. With advanced aerodynamics and a lighter build, this limited series marks a new era for the Italian marque.
Ford Unveils Its Most Powerful Mustang Convertible Ever: 806 HP Dark Horse SC
Ford has introduced the Mustang Dark Horse SC Convertible, the most powerful open-top Mustang in its history. With 806 horsepower and a focus on road performance, this model marks the brand’s return to high-performance convertibles after 13 years.
Aena Rejects Second Madrid Airport, Focuses on Barajas Expansion
Aena has ruled out converting Casarrubios del Monte into Madrid’s second commercial airport, citing airspace and operational issues. Instead, the airport operator will invest over €4 billion to expand Barajas, aiming for a capacity of 90 million passengers a year.
Spanish-Made Methanol Engine Promises Breakthrough for Electric Cars
Horse Powertrain, a joint venture between Renault and Geely, has developed the D20 Methanol engine in Spain. This compact unit uses axial flux technology to extend the range of electric vehicles, aiming to reshape the future of sustainable mobility.
Court Orders Company to Give Retiree 10,000 Liters of Fuel
A Spanish court has ruled that a retired employee is entitled to a full 10,000-liter fuel bonus, rejecting the employer's attempt to prorate the amount based on months worked. The decision clarifies how retirement incentives must be calculated under the national service station agreement.
Salvador Caetano Doubles Profit in Spain After Major Restructuring
Salvador Caetano’s Spanish division has posted a 130% profit jump for 2025, fueled by a sweeping corporate reorganization and key dealership acquisitions. The group’s focus on new car sales and market consolidation is reshaping its position in Spain.
Acura Nexera Vision Concept Signals Bold New Era for Honda
Honda has unveiled the Acura Nexera Vision Concept, a dramatic design study that revives the spirit of the NSX and sets the tone for the next generation of Acura hybrids. The concept introduces radical proportions and innovative features that could shape the brand’s upcoming models.
Toyota Faces Profit Drop in Spain Despite Record Sales
Toyota España posted record sales and revenue in its latest fiscal year, but a sharp rise in taxes led to an 8.4% drop in profit. The company remains committed to hybrid and electric models as it navigates a changing market.
Spain Unveils BER10: Europe’s First RISC-V Chip for Supercomputing
A Spanish-designed RISC-V chip, BER10, is now available for validation in supercomputing and data center projects. Developed by Openchip, this 64-bit processor aims to boost Europe’s independence in advanced silicon and support future AI accelerators.
Giant Monopiles Shipped from Bilbao for World’s Largest Offshore Wind Farm
The Trustee, a semi-submersible ship operated by Boskalis, is transporting massive steel monopiles from Bilbao to Teesworks for Hornsea 3, set to become the world’s largest individual offshore wind farm. Each voyage carries three foundations, supporting a project that will power over 3 million UK homes.
National Court Upholds €15,000 Fine for Journalist Over Insider Trading
Spain’s National Court has confirmed a €15,000 fine against an 'El Confidencial' journalist for insider trading. The case marks the first time a Spanish reporter is sanctioned for market abuse. The journalist plans to appeal.
National Court Upholds €15,000 Fine for Journalist Over Insider Trading
Spain’s National Court has confirmed a €15,000 penalty against Agustín Marco, deputy director at El Confidencial, for buying OHL shares with privileged information. The ruling marks a precedent for journalists under market abuse laws.
Defence Clears Way for Chinese Electric Car Plant in Ferrol
Spain’s Defence Ministry will not block the SAIC Motor factory in Ferrol. The site’s proximity to a major naval base had raised security fears. The project promises 1,000 jobs and €200 million investment.
Stellantis Unveils Electric Compressor to Transform Turbo Engines
Stellantis is testing a new electric compressor system for its Hurricane 3.0 engine, targeting the long-standing issue of turbo lag. The eBoost Air promises faster, more linear power delivery without sacrificing high-end performance.
Maxwell Cremona Faces Questions Over €1.2 Million Dividend Entry
A €1.2 million dividend appears in Maxwell Cremona's 2025 report, but financial records do not support such a payout. The discrepancy raises doubts about the accuracy of the company's filings. The issue involves the firm linked to Isabel Díaz Ayuso.
Defence Concerns Over Chinese Car Plant Near Ferrol Naval Base
Plans for a major Chinese electric vehicle plant in Ferrol have triggered security concerns. The site is just five kilometres from Spain’s key naval base and Navantia shipyard. Authorities weigh economic gains against espionage risks.
Mitsubishi Pajero Returns to Challenge the Land Cruiser
Mitsubishi has officially confirmed the return of the Pajero, reviving a legendary name in the world of off-road vehicles. The new model promises a robust chassis and a focus on true 4x4 capability, aiming to rival established giants.
Porsche SE Backs Volkswagen’s Plan to Cut 100,000 Jobs by 2030
Porsche SE has endorsed Volkswagen’s sweeping restructuring plan, which includes cutting 100,000 jobs worldwide and closing four German factories by 2030. The move aims to restore profitability and sharpen the group’s competitive edge.
Porsche Turns to China’s XPeng to Meet EU Emissions Targets
Porsche has partnered with Chinese EV maker XPeng to count its CO2 emissions for 2026 and 2027, aiming to comply with stricter EU regulations. The move reflects mounting pressure on European brands as electric vehicle sales slow and regulatory deadlines approach.
Page 3 by 20