Tag #Auto Industry

Showing 205 to 216 of 227 results

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.

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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.

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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.

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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.

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32% Bias Score

us.cnn.com
🌐 85% Global Worthiness
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Major Strikes Hit Volkswagen in Germany Amidst Layoff Threats

On Monday, tens of thousands of Volkswagen workers in Germany launched the largest strikes at the carmaker's domestic operations since 2018, protesting the company's refusal to rule out mass layoffs and plant closures amid declining profits and competition from China.

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40% Bias Score

welt.de
🌐 75% Global Worthiness
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Ford Job Cuts Spark Outrage in Germany

Ford's plan to cut 2900 jobs in Germany sparks outrage from labor unions and criticism from politicians, leading to calls for a change in the government's approach to the auto industry.

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52% 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.

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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.

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44% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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IG Metall Initiates Nationwide Strikes at Volkswagen Plants in Germany

Following a breakdown in negotiations on November 30th, 2023, IG Metall initiated nationwide warning strikes at all ten Volkswagen plants in Germany starting December 2nd, 2023, impacting approximately 120,000 employees, due to Volkswagen's plans for mass layoffs and wage cuts.

Progress

40% Bias Score

Decent Work and Economic Growth
welt.de
🌐 % Global Worthiness
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Hyundai's New CEO: Navigating Global Economic Uncertainty

Hyundai appoints its first non-Korean CEO, José Muñoz, to navigate economic uncertainties and Donald Trump's policies impacting the auto industry.

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0% Bias Score

Showing 205 to 216 of 227 results