Companies like Nikola, Volvo and Daimler Truck are pursuing both battery-electric rigs and vehicles powered by hydrogen fuel cells, in a costly bet on two technologies.
The new company, Instabee, will be owned by the respective founders of the two startups as well as by Kinnevik AB, an 80-year-old investment firm started by the Stenbeck family.
Inditex SA is increasing prices by more than surging inflation rates, making the owner of the Zara fashion chain a standout among retailers getting hit by higher costs and shaky consumer demand.
Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during COVID-19 lock-downs.
In August Bain was barred from tendering for U.K. government contracts for three years over its “grave professional misconduct” in state corruption in South Africa.
Traton SE is disposing of the sales and financing operations of its MAN and Scania truck-making businesses in Russia, expecting an additional charge of as much as 550 million euros ($560 million).
Swedish home-appliance manufacturer Electrolux is undertaking steep cost cuts that will target its supply chain and production following a warning of a sharp drop in demand.
The latest supply chain news, analysis, trends and best practices for companies operating in Europe. Learn how businesses are optimizing supply chain and logistics performance across Europe’s 50 sovereign states and four dependencies - addressing a range of challenges such as varying regulations, developing customs and tax laws and government controlled exchange rates.
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