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Europe auto struggles lead to cuts at Michelin, Germany's Schaeffler
Europe auto struggles lead to cuts at Michelin, Germany's Schaeffler
by  AFP

French tyre company Michelin said Tuesday it would close two French plants by early 2026 and German parts maker Schaeffler announced 4,700 job cuts, the latest signs of struggles in the European auto industry. The company said it would support its employees, including with job offers in other companies or within the group, or early retirement.

Norway speeds ahead of EU in race for fossil-free roads
Norway speeds ahead of EU in race for fossil-free roads
by  AFP

On the quiet streets of an Oslo suburb, electric vehicles are parked in nearly every other driveway as Norway speeds towards its goal of becoming the first country free of fossil fuel-powered cars. - A-ha takes on EVs - Electric cars have also long benefited from other special privileges, like exemptions from city tolls and free parking in public car parks.

Nintendo lowers sales forecast as first-half profits plunge
Nintendo lowers sales forecast as first-half profits plunge
by  AFP

Nintendo downgraded its annual sales forecast on Tuesday as net profit plunged 60 percent year-on-year in the first half, with fans awaiting the announcement of a new console. In the April-September period, Nintendo logged net profit of 108.7 billion yen ($710 million), down 60 percent from the same period a year earlier.

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