Tesla Automation wants to take over parts of Manz

Bankruptcy

The parties have signed a corresponding purchase agreement, insolvency administrator Martin Mucha told the German press agency DPA. A price was not communicated. According to the report, Mucha is pleased to have successfully concluded the negotiations with Tesla, saving many jobs. The German engineering company Manz filed for insolvency in December 2024, after lenders said…

Why China Buys U.S. Debt With Treasury Bonds

Debt Help

China has steadily accumulated U.S. Treasury securities over the last few decades. As of November 2024, the Asian nation owned $768.6 billion in Treasuries (bonds issued by the federal government), which is the main form of U.S. debt to China. Some analysts and investors fear China could dump these Treasuries in retaliation and that this…