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Top evertiq.com News

ZF Friedrichshafen Restructures Amid German Auto Sector Turmoil

Business · Germany

ZF Friedrichshafen Restructures Amid German Auto Sector Turmoil

55% Center coverage: 11 sources

ZF Friedrichshafen plans to cut around a quarter of its workforce in the electrified powertrain technology unit by 2030. This restructuring is part of a broader initiative to cut up to 14,000 jobs in Germany due to weak electric vehicle demand. The agreement includes early retirement and severance packages.See the Story

Intel Shares Hit 18-Month High on New Report — REUTERS / pwu404

Intel · United States

Intel Shares Hit 18-Month High on New Report

Coverage: 10 sources

Intel is in early talks to add AMD as a foundry customer, Semafor reported on Wednesday, citing people familiar with the matter.See the Story

Stellantis pauses car production across Europe amid weakening demand

Stellantis · Mulhouse

Stellantis pauses car production across Europe amid weakening demand

34% Center coverage: 6 sources

In October, Stellantis will temporarily halt production at six of its manufacturing sites across Europe, according to industry portal automotivesuppliers.pl. The production pauses will affect facilities in France, Germany, Italy, Spain and Poland, as the group adjusts output to current market demand.See the Story

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