Business and Company News - Page 5
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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.
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.
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