Tag: defense industry
Volkswagen Superviosory Board Approves Plan To Slash Models & Reduce Workforce By 100,000
In June, Germany’s Manager Magazin reported that Volkswagen Group CEO Oliver Blume had a plan to close four factories in Germany and eliminate 100,000 workers, both in Germany and around the world, by 2030. It said the plan would be made public at a company board meeting on July 9. The Volkswagen factories … [continued]
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BYD Refutes “Chinese Military Company” Blacklist
In addition to NIO’s response, BYD issued a statement to the Hong Kong Stock Exchange (01211) yesterday (Google translation): This announcement is a voluntary announcement made by BYD Company Limited (the “Company”, together with its subsidiaries, the “Group”). Our company notes that the U.S. Department of Defense issued a “Notification … [continued]
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Who Should Pay For Trump’s War On Iran?
The war in Iran has already eaten a big chunk of the US defense budget. Now the government wants $200 billion more from us.
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Saab breaks ground on Grayling munitions plant
A U.S. subsidiary of the Swedish defense company Saab announced its plans to build last year. The facility will take up about 60 acres in an industrial park south of Grayling.
Stardust Creating Geoengineering Technology For Governments
An Israeli company with strong ties to the military is developing new geoengineering technology it will sell to governments.
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