Auchan could launch a new takeover bid for rival Carrefour. Why last year’s negotiations failed

Auchan could launch a new takeover bid for rival Carrefour.  Why last year’s negotiations failed

According to them, Auchan would have resumed the steps for a possible transaction with Carrefour, after the previous negotiations failed last autumn. In this regard, Auchan has been in talks with several private equity firms about a possible alliance for a bid. However, the sources stressed that the discussions are ongoing and there is no … Read more

China controls 85% of the world’s rare metals, indispensable for military electronics and equipment

China controls 85% of the world’s rare metals, indispensable for military electronics and equipment

According to a report by China Central Television (CCTV), China has officially set up China’s Rare Earth Group. China’s State Assets Supervisory Commission (SASAC) will take over a 31.21% stake in the new company, while China Minmetals, Aluminum Corporation of China (CHALCO) and Ganzhou Rare Earth Group will each hold a 20.33% stake in the … Read more

Toyota invests $ 70 billion in electrification: Lexus will have only 700 km electric cars

Toyota invests $ 70 billion in electrification: Lexus will have only 700 km electric cars

The Lexus brand will only include electric models by 2030, and the group says it will have 30 electric models in the lineup this year, from small city cars to large vans. Half of the $ 70 billion will go to the development of full-electric cars, and the company will also invest in opening new … Read more

Volkswagen will build a new factory to more effectively compete with Tesla’s new gigabyte

Volkswagen will build a new factory to more effectively compete with Tesla’s new gigabyte

The plant, whose construction requires the approval of Volkswagen’s supervisory board in the coming weeks, is part of the Trinity group’s project, in which the carmaker will manufacture a fragship car in Wolfsburg from 2026. Volkswagen, which did not provide an estimate of the cost of the plant, said it was considering a 10-hour production … Read more

Sales of second-hand clothes could increase considerably. Factors that push buyers to these products

Sales of second-hand clothes could increase considerably.  Factors that push buyers to these products

In this context, analysts expect second-hand clothing retailers ThredUp and Poshmark to improve their end-year sales estimates. According to the quoted source, a study conducted in October by the consulting firm Adobe Analytics found that the clothing segment had the highest level of depleted stock among American retailers. These supply shortfalls would lead even more … Read more

How do experts explain China’s decision to ask citizens to stock up on food and why Austria is preparing for a Blackout

How do experts explain China’s decision to ask citizens to stock up on food and why Austria is preparing for a Blackout

The policy of eradicating, instead of coexisting with the virus, has imposed the harshest measures: closing regions, cities after just a few cases, schools or kindergartens or blocking exits from an amusement park until the entire population is tested. thousands of people late at night. There are also geopolitical hypotheses, in the context of tensions … Read more

Bosch will invest huge sums in expanding its semiconductor factories. “Every extra chip we produce will help.”

Bosch will invest huge sums in expanding its semiconductor factories. “Every extra chip we produce will help.”

According to company representatives, the semiconductor board plants in Dresden and Reutlingen, Germany, as well as its semiconductor operations in Penang, Malaysia, will be expanded. “The demand for chips continues to grow at a dizzying rate. Given the current situation, we are systematically expanding our semiconductor production so that we can provide our customers with … Read more

Tesla exceeds $ 1 trillion capitalization after record order for 100,000 cars

Tesla exceeds $ 1 trillion capitalization after record order for 100,000 cars

Following the information, Tesla shares rose more than 9.5% on Monday, to $ 995.75 per unit, reaching a new record level. The actions were also supported by the news that the Model 3 became the first electric vehicle to dominate new car sales in Europe. News of the order from Herz came as Tesla faces … Read more

Canada is recruiting professionals from Romania and other Balkan countries. Until resumes can be submitted

Canada is recruiting professionals from Romania and other Balkan countries.  Until resumes can be submitted

Montreal tech companies have teamed up to create Journées Québec Gaming & VFX, a unique initiative for global recruitment opportunities. Professionals from Romania and the Balkans – interested in moving to Montreal to join the fast-growing video game, visual effects and animation sectors – can apply by November 12, 2021. “This is an unmissable opportunity … Read more

Elon Musk: The first Tesla will be released in November at the factory gate in Berlin

Elon Musk: The first Tesla will be released in November at the factory gate in Berlin

The factory’s series production will be about 5,000 vehicles a week, but we “hope” to reach 10,000 vehicles, Musk said. He added that he hopes Tesla will reach mass production of the batteries at this factory by the end of next year. Tesla is worried that it will not be able to hire enough staff … Read more