Bloomberg Business

ZF Plans $3 Billion German Factory to Make Chips for EVs

Auto supplier ZF Friedrichshafen AG and Wolfspeed Inc. plan to build a $3 billion wafer factory in Germany’s Saarland to make chips for electric vehicles and other applications, a boon for a region dependent on combustion-engine components, according to people familiar with the matter.

EU’s Looming Gas Price Cap Could Trigger Abrupt Market Changes

The European Union’s temporary gas price cap could result in a reduction of market liquidity, yet significant effects on trading activity couldn’t be identified so far, according to conclusions from the bloc’s financial market regulator seen by Bloomberg.

France’s CGT Union Plans Strike This Week in Energy Sector

The energy branch of France’s CGT union called for a 48-hour strike starting Jan. 26 as well as a 72-hour action from Feb. 6, in addition to the day of coordinated protests labor unions have agreed on for Jan. 31.

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