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Author name: Evan

Gestamp posts 9M net income of EUR101m – Just Auto

Gestamp has recorded 2021 nine-month net income of EUR101m (US$118m), compared to -EUR92n last year. Revenue rose 19.5% to EUR5.9bn, while EBITDA reached EUR701m. Net income during 9M, 2021, was driven by lower financial expenses, higher control of foreign exchange variations but impacted by EBITDA margin evolution in a more volatile market environment. Gestamp noted

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Bosch to plough EUR400m into semiconductor expansion – Just Auto

Since 200mm-technology was introduced in 2010, Bosch has invested more than EUR2.5bn in its wafer fabs in Reutlingen and Dresden Bosch is to invest more than EUR400m (US$467m) expanding its wafer fabs in Dresden and Reutlingen in 2022, as well as its semiconductor operations in Penang, Malaysia. “Demand for chips is continuing to grow at

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Proposed US tax credit for electric bikes back up to 30%, capped at $1,500 incentive

After being cut in half, a proposed US tax credit for new electric bicycle purchases has been bumped back up to a full 30%. The move comes as electric bicycles sales continue to grow, making the alternative form of transportation an increasingly popular option as a car replacement. That led several members of the US

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