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Stellantis to lay off 2,450 workers at Michigan plant in US

ISTANBUL: Chrysler, Dodge and Ram Trucks’ parent, Stellantis, announced Friday it will lay off 2,450 workers at its plant in the US state of Michigan.

Many of the affected workers may shift elsewhere in the company rather than face layoffs, it said i…

Factory orders down 11.8% in Germany year-on-year in June

ISTANBUL: Factory orders in Germany dropped by 11.8% in June on a yearly basis, the federal statistical authority Destatis revealed on Tuesday.

In May, factory orders also fell by 8.7% year-on-year, Destatis’ data showed.

On a monthly basis, orders …