Business and Company News - Page 4
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SpaceX Share Unlock Doubles Free-Float After Record IPO
Over 900 million SpaceX shares become available for trading after a lockup period. The move more than doubles the free-float and follows a sharp drop in the stock price. Investors and employees now face new decisions amid ongoing volatility.
Porcelanosa Holds €863 Million Revenue Amid Global Instability
Porcelanosa closed 2025 with €863 million in sales, steady profits, and a sharp rise in industrial investment. The group faced US market setbacks but saw strong growth in Iberia and industrialized construction.
Ducati Sale Drama: Italian Bid Sparks Clash with Volkswagen
Ducati’s future is at the center of a heated dispute after an Italian investment group claimed to have made a €2.5 billion offer, while Volkswagen firmly denies any sale talks. The standoff leaves the fate of the legendary brand uncertain.
Rieju Unveils Its First Cruiser: Automatic, Powerful, and Priced to Surprise
Rieju launches the Coaster 407, its first-ever cruiser motorcycle, targeting A2 license riders. With a V-twin engine, six-speed automatic transmission, and a price under €5,000, the model marks a bold shift for the historic Spanish manufacturer.
Ford Pays €29,000 After Firing Worker Over €1.71 Cookie Dispute
A 60-year-old electrician was dismissed from Ford's Kentucky plant after being accused of not paying for a €1.71 cookie. Bank records later proved his innocence, forcing Ford to offer back pay and his job back. The worker declined and sought legal advice.
German Firm to Build World's First Wooden Wind Turbine Blade Factory in Navarra
A German-led consortium will invest over €100 million to open the first commercial plant for wooden wind turbine blades in Navarra. Backed by EU Innovation Fund support, the project targets 450 jobs and a new approach to sustainable energy manufacturing.
Tesla Hits 10 Million Electric Cars, Doubling Down on Global Ambitions
Tesla has become the first automaker to produce 10 million battery-electric vehicles worldwide. The company’s rapid growth since 2020 signals a new era for the industry, but the next stage will test its ability to adapt and expand.
Google Pixel 11 Series: Full Specs and Prices for US and Europe
Google has unveiled the complete Pixel 11 lineup, including the Pro Fold. Prices in Europe start at €999 and reach €1,999. The series brings updated displays, cameras, and charging speeds.
Spain Surges Ahead in Naval Power as Navantia Outpaces Rivals
Navantia has achieved a major breakthrough by laying the keel of the F-113 Menéndez de Avilés seven months ahead of schedule, while Germany’s F-126 program collapses under soaring costs. Spain’s advances in frigates and submarines are reshaping Europe’s naval landscape.
Repsol Warns of Diesel Supply Risks as Summer Approaches
Repsol’s CEO has raised concerns about Europe’s ability to secure enough diesel and kerosene this summer. While Spain is better prepared, other EU countries face heightened vulnerability due to refinery closures and global tensions.
La Carlota Factory Faces Hiring Surge as 10,000 Apply for Jobs
Grupo Aviserrano’s new poultry plant in La Carlota has received nearly 10,000 job applications, but the hiring process remains open. The company aims to fill production and specialist roles as it prepares for a September launch with an initial workforce of 300–500 employees.
Madrid Sur Mall Nears Completion of Major Expansion in Vallecas
Madrid Sur shopping centre in Puente de Vallecas is undergoing its largest transformation to date, tripling its retail space to nearly 24,000 square metres. With 85% of units already leased, new brands and upgraded facilities are set to reshape the local retail landscape.
Galicia to Deploy Europe’s First Restricted-Category Black Hawk for Wildfire Response
A US-registered UH-60L Black Hawk will join Galicia’s wildfire fleet in 2026, marking a first for Europe. The helicopter, operated by Airworks Helicopters, can carry 4,300 liters of water and reach 280 km/h, boosting Spain’s heavy aerial firefighting capacity.
Tesla Escapes US Probe but Faces New Door Safety Rules
US regulators have declined to investigate Tesla Model 3’s manual door releases after a single complaint, but a new federal rule on emergency exits is now in the works. Millions of existing vehicles may remain unaffected.
Stellantis Returns to Profit with €670 Million in First Half of 2026
Stellantis has rebounded from last year’s losses, posting a €670 million profit in the first half of 2026. Strong growth in North America and improved operating margins signal a decisive shift for the group.
Renault Returns to Profit with €705 Million in First Half of 2026
Renault has posted a €705 million profit for the first half of 2026, reversing last year’s record losses. The turnaround comes as sales rise and cost-cutting measures take hold, with electrified models driving growth.
BMW to Cut 8,000 Jobs Worldwide in Major Restructuring
BMW has announced plans to eliminate 8,000 positions globally, aiming to streamline operations and reduce costs. Most of the job cuts will affect non-production staff in Germany, with a focus on early retirement and severance programs.
Mercedes Suffers 94% Profit Collapse in China in Just Three Months
Mercedes-Benz has seen its profits in China plummet by 94% in only three months, despite strong results in Europe and the US. The German brand now faces a critical challenge as local demand for European luxury cars weakens.
Bimota Unveils Its Most Accessible Sport Bike Yet
Bimota, known for its ultra-premium motorcycles, has launched the KB399—a 399cc sport bike designed for riders with an A2 license. Priced from €11,149 in Spain, it marks a strategic shift for the iconic Italian brand.
Mercadona, Decathlon and Lidl Drive 350-Job Boom in Aranjuez Retail Park
A major retail park in Aranjuez is set to open in late 2026, bringing together Mercadona, Lidl, Decathlon and other brands. With 98% of space leased, over 350 jobs are expected, and a local job fair will connect residents with employers this September.
Mercedes GLA Sets New Benchmark with 657 km Range and High-Tech Interior
Mercedes has unveiled its latest GLA, boasting up to 657 km of electric range and a strikingly advanced interior. The new model aims to outpace both established European brands and fast-rising Chinese competitors.
Apple Launches Device Leasing in US with Klarna Partnership
Apple introduces Apple Upgrade, a device leasing program in the US with Klarna. The offer covers iPhone, iPad, Mac, and Apple Watch. Flexible terms and trade-in options are included. Previous iPhone payment plans are discontinued.
Rolls-Royce Spectre Series II Sets New Standard for Electric Luxury
The Rolls-Royce Spectre Series II arrives with more power, greater range and subtle design upgrades. This electric coupé now stands as the brand’s most advanced model, blending tradition with cutting-edge technology for a new era of luxury driving.
Volkswagen Engineers Arrested in $5 Billion Rivian Insider Trading Scandal
Two former Volkswagen engineers have been detained in California, accused of exploiting confidential merger details with Rivian to profit from stock trades. The case exposes the risks of insider leaks in high-stakes automotive deals.
Construction Begins on Infinity, Valencia’s Ambitious Mega Mall
Heavy machinery has arrived in Turianova as work starts on Infinity, a vast shopping and leisure destination set to transform Valencia’s southern gateway. The project, backed by General de Galerías Comerciales, targets a 2028 opening and promises over 220 shops, restaurants, entertainment, a hotel, and offices.
Salvador Illa Pushes for Stronger Catalonia-Vietnam Business Ties
Salvador Illa calls for balanced business relations between Catalonia and Vietnam. He presses the PP to engage on regional funding reform. The visit highlights Catalonia’s economic ambitions in Asia.
Audi Q9 Arrives: The Brand’s Largest SUV Sets a New Benchmark
Audi has unveiled the Q9, its most imposing SUV to date. With up to seven seats, a 299 hp V6 diesel, advanced digital lighting, and a starting price of €126,000, the Q9 targets the top tier of the premium SUV market.
Apple Launches Device Leasing in US With Klarna, Ending Upgrade Program
Apple introduces a new leasing program in the US, letting customers rent iPhones and other devices for up to three years. The move comes as device prices rise and Apple ends its previous Upgrade Program.
China Begins Mass Production of Key Chipmaking Tool Amid Doubts
A Chinese company has started mass-producing a critical chipmaking tool. Analysts warn that performance and scale remain uncertain. ASML's dominance is not expected to be seriously threatened in the near term.
Asturias Toll Operator Faces Record Fine for Full Charges Amid Service Failures
Authorities in Asturias have launched a major sanction against Aucalsa, the AP-66 toll operator, after months of full-price charges despite major traffic restrictions and degraded service. The case could set a new standard for toll road accountability in Spain.
Elon Musk Faces Doubts Over Tesla Model S and Model X Open Source Promise
Elon Musk has announced plans to open source the code for Tesla Model S and Model X. However, past experience with the Roadster leaves many questioning whether the release will be as comprehensive as promised.
Manchester City Secures Josko Gvardiol With New Contract Until 2031
Manchester City finalises a contract extension with Josko Gvardiol, keeping the Croatian defender at the club until 2031. The agreement includes a notable salary increase and reflects the club’s strategy to retain key players.
Indra and Bold Sign Strategic Deal to Boost Catalonia’s Tech Sector
Indra has entered a strategic agreement with Bold in Barcelona. The move is designed to accelerate technological and industrial growth in Catalonia. The partnership signals a shift in Indra’s regional approach.
Barcelona and Vietnam Chambers Sign Pact, Eye Direct Air Link
Barcelona and Vietnam's chambers of commerce have agreed to boost economic ties. Talks include a potential direct air route between Barcelona and Vietnam. The move could open new business and tourism opportunities for Catalonia.
Catalonia Seeks Stronger Economic Ties with Vietnam Amid International Push
Catalonia's president Salvador Illa highlights Vietnam's strategic role for the region's exports. His visit underscores efforts to expand Catalan business presence in Southeast Asia. The trip comes as education and infrastructure debates intensify at home.
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