Business - Page 8
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Dolly Parton's $450 Million Legacy Secured After Her Death at 80
Dolly Parton, who died at 80, left a $450 million estate. Her inheritance plan aims to avoid family conflicts and support charities. The singer's legacy includes business ventures and major philanthropy.
Volkswagen Faces Potential Loss of 115,000 Jobs and Four German Plant Closures
Volkswagen’s works council has raised alarms over the possible elimination of up to 115,000 jobs by 2031, with four major German factories at risk of closure. The company’s leadership and unions are now under pressure to find solutions that could safeguard thousands of positions.
MG 07 Launches in China with Porsche-Inspired Design and €14,000 Price
MG has unveiled the 07, a large fastback sedan that echoes the style of the Porsche Panamera but undercuts it dramatically on price. The model is available as a plug-in hybrid and as an extended-range electric, with impressive specs and record-breaking demand in China.
Wave Pool Project in Cantabria Sparks Sharp Local Divide
A planned artificial wave pool in rural Cantabria aims to attract 200,000 tourists. The project requires rezoning 100,000 square meters and faces strong local opposition. Residents fear overdevelopment and loss of tranquility.
La Huerta de Vale to Close in Cáceres After Eight Years
La Huerta de Vale, a well-known fruit and healthy food shop in Cáceres, will close its doors after eight years. Owner Valentín Ronco cites physical and mental fatigue, leaving the future of the project open as the shop’s premises go up for rent.
Geely Raises Export Ambitions After Acquiring 34% of Ford España
Geely has sharply increased its export targets for 2026, aiming to ship 920,000 vehicles outside China. The move follows a major stake in Ford España and reflects shifting strategies as domestic demand weakens.
France Confirms Major Caracal Helicopter Order from Morocco
Morocco has placed a significant order for Airbus Caracal helicopters, with contracts exceeding €1.3 billion in the past decade. The deal highlights growing military cooperation and advanced technology transfers.
Zeekr X Launches in Spain With 405 km Range and Premium Tech
Zeekr, Geely’s premium EV brand, debuts its Zeekr X compact SUV in Spain. With up to 405 km of range, advanced features, and competitive pricing, the model aims to challenge established players in the segment.
Irmscher Reinvents Performance: From Opel Ascona to Leapmotor B10 Dynamic
Irmscher, once famed for transforming Opel classics, now turns its expertise to electric SUVs. The Leapmotor B10 Dynamic inherits a legacy of speed and precision, bridging decades of automotive evolution with a limited-edition twist.
Tesla Semi to Make European Debut at Hannover in September
Tesla will unveil the European version of its Semi electric truck at IAA Transportation in Hannover this September. The event will reveal key specs and mark a turning point for heavy-duty electric transport in Europe.
Tesla to Recall Nearly 5 Million Electric Cars in China Over Safety Risks
Tesla will recall almost five million electric vehicles in China after regulators flagged safety concerns with emergency door mechanisms and driver attention systems. The recall affects both domestically produced and imported models.
Chery's Barcelona Venture Drives Overseas Revenue Surge
Chery Automobile, now producing vehicles in Barcelona with Ebro Motors, saw its overseas revenue surpass domestic sales for the first time. Despite a 9% drop in profit, the company’s international expansion is reshaping its business.
JAECOO 7 SHS Plug-In Hybrid Sets New Standard for Spanish SUVs
JAECOO’s 7 SHS Plug-In Hybrid is redefining expectations for mid-size SUVs in Spain. With advanced hybrid tech, impressive range, and top safety ratings, it’s quickly becoming a benchmark for electrified vehicles.
Congress Ushers Receive New Uniforms from Film Costume Maker
The Congress of Deputies has introduced new uniforms for ushers, produced by Peris Costumes, a Madrid-based company known for film and TV wardrobe. The three-year contract is valued at nearly €900,000 and covers over 2,400 garments.
Electric Car Sales Surge in Europe as Incentives Drive Global Growth
Global electric vehicle sales climbed 9% in July, led by a dramatic surge in Europe where government incentives have fueled demand. China and North America, however, show contrasting trends as the market landscape evolves.
Madrid Allocates €1 Million to Support Businesses Hit by Wildfires
Madrid’s regional government launches €1 million in aid for small businesses and self-employed workers who lost IT equipment in recent wildfires. Grants of up to €5,000 per business will help restore operations.
Josep Cusí, Close Confidant of Juan Carlos I, Dies at 92 in Barcelona
Josep Cusí, a trusted friend and business partner of Juan Carlos I, has died in Barcelona at 92. His low-profile role in royal circles and sporting achievements marked decades of Spanish history.
Mercedes-Benz Unveils Bold Redesign for Iconic Clase C
Mercedes-Benz has revealed a major update for its best-selling Clase C, introducing a striking new design, advanced digital features, and a plug-in hybrid option with up to 395 HP and 100 km electric range. Orders have opened in Germany.
Marta Ortega Shares the Lesson from Amancio Ortega That Guides Inditex
Marta Ortega, chair of Inditex since 2022, draws on her father Amancio Ortega’s advice to keep the company grounded and ambitious. Her approach blends humility, constant work, and readiness for change, as revealed in a recent interview and the 2025 annual report.
Shaquille O'Neal Buys Three Rolls-Royces After Dealer Doubts His Wealth
Shaquille O'Neal, known for his love of cars, once faced skepticism at a Rolls-Royce dealership due to his casual attire. The incident led him to buy three luxury vehicles on the spot, turning a moment of disrespect into a statement purchase.
Spain’s AI Gigafactory Faces Brussels Test Amid Ebro Valley Heat
Spain’s bid to host a major European AI gigafactory in Móra la Nova hinges on strict sustainability criteria and the ability to operate efficiently during the region’s extreme summer heat. The project’s environmental plan is under scrutiny as Brussels weighs proposals.
Chinese Battery Makers Tighten Grip on Global EV Market
Chinese manufacturers now supply over 70% of the world’s batteries for electric and plug-in hybrid vehicles. CATL and BYD lead the surge, reshaping the industry and challenging global competitors with rapid growth and expanding influence.
Porsche Unveils One-of-a-Kind 911 GT2 RS Inspired by the 935 Flachbau
Porsche has transformed a client's 911 GT2 RS into a singular road-legal masterpiece, reviving the iconic Flachbau silhouette of the 935. The project, led by Sonderwunsch and Manthey, blends historic design with cutting-edge engineering.
Drug Money Laundering Schemes Expand in Cádiz Nightlife Sector
Authorities in Cádiz have uncovered complex money laundering networks tied to drug trafficking. Local nightlife businesses, frontmen, and crypto assets are at the center of ongoing investigations. The crackdown exposes new tactics used by criminal groups.
Morocco’s King Owns the World’s Only Two Laraki Sahara Hypercars
King Mohamed VI of Morocco is the sole owner of both Laraki Sahara hypercars, each boasting 1,550 horsepower and a Corvette-derived V8. Designed and built in Morocco, these unique vehicles highlight the country’s emerging automotive ambitions.
Porsche Breaks from Volkswagen, Joins XPeng in Emissions Pact
Porsche has left the Volkswagen Group to form a new emissions alliance with China's XPeng. The move aims to help both brands meet strict EU regulations and avoid hefty fines, signaling a shift in Europe's automotive strategy.
Ferrari CZ26: The One-Off Supercar Built for a Single Client
Ferrari has unveiled the CZ26, a one-of-a-kind supercar crafted for a private American collector. Developed by Ferrari Design Studio, this model pushes the boundaries of personalization and performance, blending futuristic design with hybrid power.
Kia EV3 Surges Ahead as Spain’s Top-Selling Electric SUV
The Kia EV3 has quickly become the brand’s most popular electric model in Spain, combining impressive range, innovative features like bidirectional charging, and a ChatGPT-powered AI assistant. Its success highlights a shift in the Spanish EV market.
Trackhouse Posts MotoGP Rider Job on LinkedIn With Unusual Perks
Trackhouse MotoGP Team is searching for a new rider through LinkedIn, offering a factory Aprilia bike, full medical coverage, and even champagne on Sundays. The requirements are as unconventional as the offer itself.
Why Inline-Six Engines Are Overtaking V8s in Heavy-Duty Work
Inline-six engines have quietly become the backbone of heavy trucks and machinery, outlasting the once-dominant V8s. Former Caterpillar engineer Jim Coles explains the mechanical reasons behind this shift and what it means for reliability and performance.
Catalan Statutory Council Approves Chamber Law and 'Silver Seats'
Catalonia’s Consell de Garanties Estatutàries has endorsed the new chamber law. The decision confirms the legality of reserved seats for major financial contributors. The move faced criticism from Comuns and CUP over business influence.
SAIC Motor’s Electric Car Plant in Galicia Sparks Security Debate
SAIC Motor plans to build its first European electric vehicle plant in Galicia, near critical military sites. The project promises jobs and investment, but its proximity to defense infrastructure has triggered concerns in Spain.
US Startup Unveils Electric Trailer That Turns Diesel Trucks Hybrid
A San Francisco-based company has developed an electric trailer that transforms existing diesel trucks into hybrids without modifying the engine. The system slashes fuel costs and emissions, offering a practical path for fleets to modernize.
US Bans New Chinese-Made Robot Vacuums Over Security Fears
The US has blocked approval of new robot vacuum models made outside the country, citing cybersecurity and supply chain risks. Existing devices remain legal, but future imports face strict new rules. Major brands like Roborock, Dreame, and Xiaomi are affected.
Changan Deepal S07 2026 Ups the Game With Major Battery and Power Upgrades
Changan’s Deepal S07 2026 arrives with a new, faster-charging battery, a more powerful and efficient motor, and a refined interior. The update aims to challenge established European electric SUVs with improved range and technology.
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