Apple overtakes Nvidia again to become the world's most valuable company
Apple has once again become the world's most valuable publicly traded company - according to Reuters. The iPhone maker has overtaken Nvidia, which had held the top spot for nearly a year thanks to the artificial intelligence boom. Apple is now valued at about USD 4.88 trillion.
Tesla to hire 1,000 workers at German Gigafactory
Tesla has announced plans to hire 1,000 employees at its Gigafactory in Grünheide, near Berlin, as the company prepares to increase production. From October, the plant is expected to raise output to 7,500 vehicles per week, marking the next phase in the expansion of Tesla's European manufacturing hub.
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.
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.
