Business and Company News - Page 4
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McLaren confirms first SUV in major shift for the brand
McLaren will launch its first SUV before 2030, investing £500 million to take on Ferrari and Aston Martin in the high-end SUV segment.
BYD accelerates dealership expansion across Spain
BYD has added eleven new dealership groups in Spain, bringing its network to 107 sales points and 86 official service centers. The company is targeting 130 locations by year-end and is preparing to enter Andorra.
Indra leadership faces major shakeup as Ángel Simón prepares new strategy
Ángel Simón is set to overhaul Indra’s leadership team. Trusted figures from the previous era may exit as a new strategic plan takes shape. The company’s future direction will be revealed in November.
Spain begins construction of Onuba hydrogen plant in Huelva with €1 billion investment
Work has started on Onuba, a major green hydrogen plant in Palos de la Frontera. With 300 MW of electrolysis and over €1 billion invested, the project marks a significant step for Spain’s energy sector.
Revolut launches high-yield savings offer for new Spanish customers
Revolut is once again offering a 3.51% annual interest rate for new customers in Spain. The deal applies to instant-access savings accounts, with clear conditions and no set end date for sign-ups. Here is what changes for savers.
Roland DG launches Dimense Surface: textured wall coverings with a tactile edge
Roland DG has introduced Dimense Surface, a new line of wall coverings that use advanced printing to create textured, tactile finishes. The collection features exclusive patterns and aims to offer a more sustainable option for interior design.
Volvo to Oversee Lynk & Co Sales Across Europe
Starting in January 2027, Volvo Cars will handle sales and service for Lynk & Co vehicles throughout Europe. The move uses Volvo’s established network to help Geely’s younger brand reach more buyers.
EQT and Norges Bank move to acquire all of Acciona Energía
A Swedish-Norwegian consortium is pushing to buy 100% of Acciona Energía, which could see the Spanish renewables company leave the stock market. Competing offers from France and Canada add pressure to the talks.
Acciona rallies as EQT and Norges team up for energy bid
Acciona shares rose more than 3 percent after EQT and Norges Bank Investment Management announced a joint bid for Acciona Energía. The move follows a sharp drop in the previous session and has drawn close attention from the Spanish market.
Acciona Energía takeover fight intensifies as bidders face technical and regulatory hurdles
Acciona Energía is at the center of a heated takeover contest. EQT and Norway's sovereign fund have joined forces to challenge Ardian, with the outcome likely to reshape Spain's energy sector and lead to a delisting at a premium.
Acciona shares jump as EQT and Norges Bank bid for green energy unit
Acciona stock rose over 3% after EQT and Norges Bank teamed up to bid for Acciona Energía, reshaping the sale process and offering a path to faster debt reduction.
Goldcar Ordered to Raise Wages and Pay Backdated Salaries
Goldcar Spain must increase base pay for hundreds of employees and issue back payments dating from January 2026. The new collective agreement, now in force, specifies exact salaries for each role and extends protections through 2027. Staff are encouraged to check payslips for correct back payments.
Inditex posts record profit even as store numbers fall
Inditex reported its highest-ever first-half profit, despite closing dozens of stores worldwide. Still, shares dropped after results missed market expectations, showing the gap between strong operations and investor demands.
Spanish-Built B20 Engine Lets SUVs Drive Underwater
Horse Powertrain's B20 engine, developed in Spain, can keep running even when the vehicle is submerged over a meter underwater. Already powering hybrid SUVs in China, the B20 sets a new standard for durability and efficiency.
Kia XCeed arrives in Europe with hybrid engines and updated design
Kia’s updated XCeed is now on sale in Europe, featuring a sharper exterior, digital dashboard, and a choice of petrol or hybrid engines. The model targets the crowded compact crossover market.
Fire at Chazar Recycling Plant Sends Smoke Over La Puebla de Alfindén
A large fire broke out at the Chazar recycling plant in La Puebla de Alfindén. Thick smoke was visible for kilometers. Firefighters from Zaragoza and the provincial brigade responded. No serious injuries have been reported so far.
León businesses target new export routes through Gijón port link
León’s business sector is set to explore new logistics options with the Port of Gijón. A joint event aims to highlight export and supply chain opportunities. Industrial and agro-food firms are in focus.
Vodafone plans up to 180 layoffs at VOIS Spain, unions demand justification
Vodafone Intelligent Solutions (VOIS) has announced plans for collective layoffs that could affect up to 180 employees in Spain, about one in five staff. Unions are pushing back, demanding evidence for the cuts. Negotiations begin in September.
Volkswagen Considers Selling Ducati in Major Portfolio Shakeup
Volkswagen is weighing the sale of Ducati as part of a sweeping overhaul to slim down its vast business empire. The move could reshape the European automotive landscape and test the value of one of Italy’s most storied motorcycle makers.
Spanish Government Vows to Defend Seat Brand as Volkswagen Weighs Its Future
Spain’s Economy Minister Carlos Cuerpo has promised to do everything possible to keep the Seat brand alive after Volkswagen admitted it may discontinue the Spanish marque. The government’s approach faces a major test as the auto industry shifts to electric vehicles.
Naturgy to Grant Over Nine Thousand Euros Annually for Demanding Shift Work
Naturgy will pay more than 9,300 euros a year to staff working regular rotating shifts covering mornings, afternoons and nights. The new compensation, starting October 2026, targets a select group of employees and marks a significant change in Spain’s energy sector employment terms.
Seat Gains Ground as Volkswagen Shifts Production to Spain
Volkswagen’s sweeping job cuts and plant closures in Germany could turn into a lifeline for Seat. The Spanish automaker stands to inherit new models and secure jobs as the group restructures its European operations.
Tesla’s Grok Voice Upgrade Leaves Older Models Behind
Tesla’s latest Grok update brings 116 new voice commands, transforming how drivers interact with their vehicles. But owners of older models with Intel Atom chips are left out, highlighting a growing tech divide within the brand.
Nvidia Acquires Hugging Face for $13 Billion After OpenAI Security Breach
Nvidia is buying Hugging Face for $12.9 billion after a high-profile hack involving OpenAI. The move is set to strengthen Nvidia’s position in open-source AI and intensifies the competition over the future of artificial intelligence.
Volkswagen Plans to Retire Seat Brand by 2029 in Major Restructuring
Seat, a fixture of Spain’s car industry for 76 years, is set to disappear as a brand by 2029. Volkswagen’s internal plans point to a shift toward Cupra, with job cuts and a new direction for the Martorell plant.
Sevilla Finalizes Loan Deal for Félix Correia and Targets Bogarde
Sevilla secures Félix Correia on loan with a purchase option. Talks intensify for Melayro Bogarde, but LASK Linz's high asking price poses a challenge. Changes in midfield could affect Manu Bueno's future.
Catalonia Expands Financial Aid to Businesses Hit by Swine Fever Controls
Catalonia will offer financial support to businesses affected by swine fever restrictions. The aid targets restaurants and farms in closed green areas. Companies must show a 30% drop in turnover to qualify.
Liverpool Holds Gakpo Transfer as Sarr Becomes Key Negotiation Point
Liverpool may keep Gakpo if no replacement arrives. Talks with Manchester City are ongoing, but Crystal Palace's high price for Sarr complicates the situation. The transfer window remains tense.
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.
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