Volkswagen weighs ending autonomous driving partnership with Bosch
Volkswagen is reportedly planning to end its partnership with Bosch on the development of advanced driver assistance systems (ADAS) and autonomous driving technology. According to German newspaper Bild, which cited anonymous sources, the project failed to meet expectations despite investments of around EUR 1.5 billion.
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Lockheed Martin establishes European missile systems support centre in Finland
US defence contractor Lockheed Martin and Finnish technology company Insta are establishing Europe's first maintenance and support centre for the Common Fire Control System (CFCS) used in M270A2 and HIMARS rocket launchers. The facility will be located in Tampere, Finland.
Volkswagen reportedly considers cutting up to 100,000 jobs
Germany's largest carmaker, Volkswagen, is reportedly preparing a sweeping cost-cutting programme that could include up to 100,000 job cuts, the closure of four plants in Germany, and reduced investment.
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Connector Technology at the Core of Ground Vehicle Modernization
Ground combat vehicles are rapidly evolving from fixed-function platforms into modular, software-defined systems. This shift demands interconnect solutions that support continuous upgrades without requiring redesigns of wiring infrastructure. Scalable, high-reliability connectors, particularly those based on MIL-DTL-38999, are central to enabling this transformation.
ICEYE raises over €1 billion, valuation surpasses €10 billion
ICEYE has completed its Series F financing round, raising more than EUR 1 billion in total. The company secured EUR 450 million in new capital, while the overall transaction value – including share sales by existing shareholders – exceeded EUR 1 billion. Following the round, ICEYE's valuation has risen to more than EUR 10 billion.
Zirconn launches SMT division in China
Zirconn is expanding its manufacturing capabilities in China. The company has launched a new SMT assembly division aimed at increasing its capacity to deliver advanced electronic projects for customers in Europe and international markets.
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