Tag #Auto Industry

Showing 145 to 156 of 171 results

welt.de
🌐 85% Global Worthiness
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EPP seeks to overturn EU combustion engine ban, prioritizing e-fuels

The largest EU Parliament faction, the EPP, wants to revoke the 2035 combustion engine ban, promoting e-fuels to achieve EU climate goals while aiding the struggling auto industry, facing economic challenges and competition from China. This requires EU Commission approval and majority support.

Progress

44% Bias Score

Climate Action
cnbc.com
🌐 85% Global Worthiness
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BYD's Rise Dominates China's EV Market as Foreign Automakers Struggle

In 2024-2025, BYD's market share in China's automotive market reached 16%, surpassing Tesla and highlighting the rise of domestic electric vehicle manufacturers, while foreign brands struggle; General Motors plans billions in restructuring costs in response.

Progress

40% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Moreno to Eliminate EV Tax Credit, Citing Market Forces

Senator-elect Bernie Moreno aims to eliminate the $7,500 electric vehicle tax credit, arguing against government intervention in the auto industry and citing softening consumer demand for EVs; this contrasts with some senators who see the credit as essential for competing with China.

Progress

48% Bias Score

theguardian.com
🌐 75% Global Worthiness
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GM Writes Down $5 Billion in China Amidst Falling Sales

General Motors announced a $5 billion write-down of its China operations due to declining sales and increased competition from local Chinese automakers like BYD, resulting in a $350 million loss during the first three quarters of 2023; the company plans to restructure and reduce costs.

Progress

32% Bias Score

faz.net
🌐 85% Global Worthiness
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Volkswagen Faces Major Strike Amidst Wage Dispute

On December 5, 2023, a two-hour warning strike at most Volkswagen factories in Germany disrupted production, affecting over 120,000 employees due to Volkswagen's proposed 10% wage cut and potential plant closures, prompting calls for government intervention.

Progress

40% Bias Score

themarker.com
🌐 75% Global Worthiness
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French Political Tensions Trigger European Market Decline

European stock markets fell today amid concerns about a potential political crisis in France, triggered by far-right leader Marine Le Pen's budget dispute threats; the euro dropped 0.7% against the dollar, while French bonds saw yields rise significantly.

Progress

32% Bias Score

fr.euronews.com
🌐 85% Global Worthiness
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Volkswagen Faces Strikes Amidst €10 Billion Cost-Cutting Demands in Germany

Volkswagen is negotiating with unions in Germany to prevent plant closures and a 10% salary cut, facing a €10 billion cost-reduction goal amid weak European demand and Chinese competition; strikes have already affected nine sites.

Progress

36% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 85% Global Worthiness
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VW Faces Second Major Strike Amid Contract Dispute

On Monday, approximately 100,000 Volkswagen employees in Germany will participate in a four-hour warning strike across various plants, except Osnabrück, due to stalled contract negotiations where VW demands 10% wage cuts and potential plant closures, while the union rejects these measures.

Progress

44% Bias Score

Decent Work and Economic Growth
taz.de
🌐 85% Global Worthiness
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German Labor Minister Demands VW Job Security Amid Cost-Cutting Crisis

German Labor Minister Hubertus Heil demanded job security and ruled out layoffs at Volkswagen amid a cost-cutting crisis, while VW CEO Oliver Blume defended the measures and stated the need for cost reductions. 47,000 VW workers in Wolfsburg staged a warning strike on Monday.

Progress

48% Bias Score

fr.euronews.com
🌐 85% Global Worthiness
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Volkswagen Workers Strike Over Job Cuts and Factory Closures

Volkswagen workers in Germany staged major strikes on Monday, protesting the company's plan to cut thousands of jobs and close factories due to weak car demand, increased labor costs, and the transition to electric vehicles, amidst broader economic concerns in the Eurozone.

Progress

44% Bias Score

lefigaro.fr
🌐 85% Global Worthiness
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Stellantis CEO Carlos Tavares Resigns Amid Union Criticism

Stellantis CEO Carlos Tavares resigned on Sunday following weeks of pressure from labor unions criticizing his management style and job cuts; his successor will be named in the first half of 2025.

Progress

48% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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Volkswagen Faces Widespread Strikes Amidst Job Cut Dispute

Negotiations between Volkswagen and IG Metall union over job cuts and wage reductions have collapsed, leading to planned widespread strikes at all Volkswagen plants in Germany starting Monday, impacting approximately 120,000 employees.

Progress

44% Bias Score

Decent Work and Economic Growth

Showing 145 to 156 of 171 results