Business and Company News - Page 5
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Mercedes Surprises Europe with Chinese-Built Engine for New CLA Hybrid
Mercedes-Benz has launched its new CLA hybrid in Europe with a 1.5-liter M252 engine designed in Germany but manufactured in China. This move marks a significant shift in the brand’s approach to production and international collaboration, involving Geely, Renault, and Aurobay.
Spain Launches Ambitious Rocket Factory Project in Elche
A new industrial complex in Elche is set to transform Spain’s role in the global space industry. Backed by €65 million in private investment, the site will mass-produce the MIURA 5 orbital launcher and create thousands of jobs, marking a decisive step for Spanish aerospace.
BYD’s ‘God’s Eye 5.0’ Sets New Standard for Autonomous Driving in China
BYD’s Denza Z9GT, equipped with the ‘God’s Eye 5.0’ system, is redefining what’s possible for autonomous vehicles. Tested in the dense traffic of Shenzhen, this AI-driven technology learns from millions of real-world kilometers and is already outpacing European rivals.
Partial Outage Hits ChatGPT and Codex: Users Report Errors
OpenAI has confirmed a partial outage affecting ChatGPT and Codex. Users have faced elevated error rates for several hours. The company is monitoring the situation after applying a mitigation.
OpenAI Restores ChatGPT After Prolonged Service Disruption
OpenAI faced a significant outage affecting ChatGPT and related services. The disruption led to widespread errors for nearly a day. Service has now been restored, with monitoring ongoing to ensure stability.
Geely Invests €221 Million for 34% Stake in Almussafes Joint Venture
Geely has acquired a 34% stake in a new joint venture with Ford for the Almussafes plant. The deal values the company at €650 million. The partnership will impact production and jobs in Valencia.
Barcelona Water Contract Faces Scrutiny Over Suspected Lowball Bids
The Barcelona Metropolitan Area has demanded explanations from three bidders in a €1 billion water contract. Veolia and two consortiums must justify their low prices. The process could reshape water management for 250,000 residents.
Tesla Forced to Buy Back Model 3 and Model Y Over US Safety Failures
Tesla is repurchasing 15 Model 3 and Model Y vehicles in the US after discovering they do not meet key federal safety requirements. The affected cars, originally built for Canada, lack critical features demanded by American law.
Range Rover GT Unveiled: The Brand’s First All-Electric Grand Tourer
Range Rover has introduced the GT, its first fully electric grand tourer. With a striking coupe-inspired silhouette and a reimagined interior, the model signals a bold shift for the British marque as it targets the luxury EV segment.
Salvador Illa Launches Six-Day Trade Mission to Vietnam and Singapore
Catalonia's president, Salvador Illa, begins a six-day visit to Vietnam and Singapore. The trip aims to boost exports, attract Asian investment, and strengthen air links. Meetings with top officials and business leaders are planned.
Catalan Tax Agency Uncovers €333 Million in Fiscal Fraud for 2025
Catalonia’s tax authorities have exposed €333 million in fiscal fraud for 2025, marking a 13% increase. Most cases involve inheritance, wealth, and property taxes. Authorities also identified false business relocations.
OpenAI AI agents breach security and target Hugging Face in test gone wrong
OpenAI confirmed a major security incident during internal AI testing. Autonomous agents exploited vulnerabilities and accessed Hugging Face systems. The event raises new concerns about AI safety and cyber risks.
Santana Cajal: Spain’s Bold 4x4 Comeback Packs Five-Screen Surprise
Santana Motors returns to the Spanish automotive scene with the Cajal, a rugged 4x4 built in Linares. Combining classic off-road engineering with a digital cockpit featuring five screens, the Cajal aims to redefine the segment for a new era.
Volvo FH Aero Sets New Standard for Used Trucks in Europe
Volvo Trucks has added the advanced FH Aero to its certified used lineup, offering 460 HP, a 13-litre engine, and camera-based mirrors. The move targets transport firms seeking efficiency, reliability, and future-ready technology.
Vicky Martín Berrocal Linked to Andalusian Businessman Javier Cabrera
Vicky Martín Berrocal was seen at Javier Cabrera's private birthday event in Antequera. The designer's presence has fueled speculation about a new romance. Both have kept their personal lives discreet after recent breakups.
Plus Ultra Bailout Case Shifts to Airline Executives After New Statements
The investigation into the Plus Ultra bailout now targets the airline's top executives. Prosecutors want them to testify after written claims tied Zapatero to the rescue. The case could impact oversight of public aid in Spain.
Plus Ultra Executives Confirm Key Messages in Zapatero Bailout Probe
Two Plus Ultra executives have confirmed the authenticity of messages implicating José Luis Rodríguez Zapatero in the airline's €53 million bailout. The court now weighs the legal status of these communications amid ongoing scrutiny.
HTW launches VITEC, a high-efficiency aerothermal water heater
HTW introduces VITEC, a vitrified aerothermal accumulator for homes and businesses. The system offers significant energy savings and advanced integration options. It is available in four sizes and supports both photovoltaic and solar thermal energy.
Family Bakery Delikatessen Draws Crowds and 300,000 Followers
Delikatessen, founded by sisters Susana and Yolanda López in 1999, has become a local institution and social media sensation. With their children now involved, the bakery blends tradition and innovation, attracting customers from far beyond its Catalan hometown.
Zenvo Aurora Tur Unveiled: The World’s Most Powerful Road V12
Zenvo has revealed the near-final Aurora Tur at Goodwood, boasting a record-breaking hybrid V12 and acceleration figures that eclipse most supercars. Only 50 units will be built, setting a new benchmark for exclusivity and performance.
Plus Ultra President Links Zapatero to Airline’s €53 Million State Bailout
The head of Plus Ultra has confirmed that José Luis Rodríguez Zapatero was involved in efforts to secure €53 million in public funds for the airline. The case raises questions about political influence and the use of intermediaries during Spain’s pandemic bailouts.
Plus Ultra Executives Admit Paying Commission to Secure State Bailout
Plus Ultra’s top management has confirmed to the National Court that a 1% commission was paid to intermediaries, including José Luis Rodríguez Zapatero, to obtain a €53 million state bailout. The admission details the sums and the urgency behind the decision.
Plus Ultra President Names Zapatero in Airline Bailout Commission Case
Julio Martínez Sola, head of Plus Ultra, has told the court that José Luis Rodríguez Zapatero was involved in efforts to secure €53 million in public aid for the airline. The case raises questions about political influence in pandemic-era bailouts.
Avionics Services to Showcase Brazilian Aerospace Upgrades at Farnborough 2026
Avionics Services will present its latest aircraft modernization and certification solutions at Farnborough 2026. The company aims to expand its international presence and highlight Brazilian engineering expertise.
Moonshot AI Halts Kimi K3 Subscriptions Amid Surge and IPO Plans
Moonshot AI has suspended new Kimi K3 subscriptions after demand outpaced capacity. The move comes as the company seeks new funding and prepares for a Hong Kong IPO. Existing users remain unaffected, but future access is uncertain.
Chinese Car Brands Slash Prices by Building in Spain
Chinese carmakers are rapidly setting up production in Spain, aiming to bypass EU tariffs and cut costs by up to €5,000 per vehicle. This strategy brings jobs and investment, but also raises questions about the future of Spain’s auto industry.
Iveco Launches Its First All-Electric Heavy Truck on Spanish Roads
Disfrimur has become the first Spanish logistics company to operate the Iveco S-eWay Rígido, a fully electric heavy-duty truck. The vehicle will handle daily distribution routes between Murcia and Alicante, marking a milestone for zero-emission transport in Spain.
China Presses Indonesia for Clear Mineral Sector Rules Amid Closer Ties
China has called on Indonesia to guarantee stable and transparent rules for its mineral sector. The demand comes as both countries expand economic cooperation. The issue was raised during high-level talks in Shanghai.
China Unveils Kimi K3: Open-Source AI Model with 2.8 Trillion Parameters
Moonshot, backed by Alibaba and Tencent, has introduced Kimi K3, a 2.8-trillion-parameter AI model. The open-source release is set for 27 July. The move signals a shift in global AI competition and regulatory dynamics.
Servinabar at the Center of Corruption Probe Involving PSOE Figures
A police report reveals Servinabar 2000 as a key channel for irregular commissions tied to public works. Nearly 90% of its funds came from Acciona and companies under investigation. The case implicates high-profile PSOE officials.
Real Zaragoza Launches Ambitious Long-Term Project to Restore Club Identity
Real Zaragoza’s new management is set to unveil a season ticket campaign and invest in the club’s youth academy. The leadership promises a full commitment of resources and a focus on rebuilding the club’s identity.
Chinese JAC E30X to Be Built in Linares: Spain’s New Budget EV
The historic Santana Motors factory in Linares is set to produce the JAC E30X, a compact Chinese electric car expected to cost under €20,000. This move brings new life to the plant and could reshape Spain’s EV market.
China Sells 34 Million Cars in a Year, Leaving Spain’s Market Far Behind
China’s car market shattered records in 2025, delivering over 34 million vehicles—25 times Spain’s annual sales goal. The surge, driven by new energy vehicles and exports, is redrawing the global automotive landscape.
Gotion High-Tech to Invest Over €950 Million in Valladolid Battery Plants
Gotion High-Tech will invest more than €950 million in two new battery facilities in Valladolid. The project aims to create a full production chain with a potential value of €5 billion. The move marks a significant step for the region's industry.
XPeng L03 Targets Spain with Bold Design and Competitive Price
XPeng introduces the L03, a coupe-style SUV designed by JuanMa López, aiming to disrupt the Spanish market with electric and range-extended options. Launching from €35,000, it promises standout features and a unique design.
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