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Volkswagen launches joint venture with US electric car company Rivian
German auto giant Volkswagen has officially launched a joint venture with US electric vehicle manufacturer Rivian, committing to a $5.8 billion investment, $800 million…
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Industrial output drops in September
Seasonally adjusted industrial output decreased by 1.1 per cent in September from the month before, according to Statistics Finland. Industrial output adjusted for…
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IMF for further structural reforms for Finland
The International Monetary Fund (IMF) recommends further adjustments to public finances and continued structural reforms for Finland, according to a statement published…
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Nissan Motor plans 9,000 job cuts
Nissan Motor Co. on Thursday announced a plan to cut 9,000 jobs globally and slashed its operating profit outlook for the year ending March by 70 percent, reported…
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BMW quarterly profit drops sharply, misses forecasts
BMW's third-quarter net profit fell 83.8 percent to 476 million euros (514.08 million U.S. dollars), driven by brake system issues from supplier Continental and weak…
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Sales of new cars on wane in Finland in Oct
A total of 5,936 new passenger cars were registered in Finland in October 2024, which was 8 per cent fewer than one year earlier, according to Statistics Finland. In…
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Trade balance posts €290m surplus in Sep
The trade balance was in surplus of EUR 290 million in September, according to the preliminary statistics of international trade in goods published by Finnish Customs on…
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Toyota reports profit plunge due to certification scandal
Japanese automaker Toyota Motor Corp. said Wednesday its net profit for the first half of the fiscal year (April to September 2024) fell 26.4 percent to 1.91 trillion yen…
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Wages, salaries rise by 2.1% in September
The working day adjusted wages and salaries sum of the whole economy was 2.1 per cent higher in September 2024 than in September 2023, according to Statistics Finland.…
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Foreign background workers in Finland earn lower salary than natives
The foreign background workers in Finland generally earn about 15 percent lower hourly salary compared to the local Finnish, according to Statistics Finland. The…
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