Stellantis announced its FaSTLAne 2030 strategic plan, aiming to boost revenue from €154 billion in 2025 to €190 billion by 2030, with an adjusted operating income margin of 7%. The plan includes achieving positive industrial free cash flow by 2027, rising to €6 billion in 2030, and cutting costs by €6 billion by 2028. Stellantis Financial Services will play a key role, targeting over €1.5 billion in adjusted operating income by 2030. This strategy focuses on customer-centric growth, disciplined capital allocation, and expanding financial services globally to drive long-term profitability and shareholder value.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
