Tag #Auto Industry

Showing 13 to 24 of 236 results

cincodias.elpais.com
🌐 85% Global Worthiness
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BYD's Price War Shakes Chinese and Global Auto Markets

BYD's drastic price cuts on 22 electric and plug-in hybrid models in China, driven by a slowing economy and increased inventory, sparked a stock market decline and intensified global price competition, particularly affecting European manufacturers like Volkswagen, which saw a 307,000-unit sales drop...

Progress

60% Bias Score

Industry, Innovation, and Infrastructure
forbes.com
🌐 85% Global Worthiness
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Nissan Announces Massive Restructuring Amidst Plummeting Profits

Nissan, facing a 90% drop in operating profits and weak sales in North America and China, announced 20,000 job cuts, seven factory closures, and a pay freeze; the company is exploring options to raise over 1 trillion yen through debt and asset sales.

Progress

52% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 85% Global Worthiness
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Volvo Cuts 3,000 Jobs Amidst Industry Restructuring

Volvo Cars, facing industry challenges, will cut around 3,000 jobs, mainly in Sweden, as part of an 18 billion Swedish kronor restructuring plan following an 11% sales drop in April.

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44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Chinese EVs Surge in Europe, Challenging Established Brands

Chinese EV manufacturers, led by BYD, are rapidly increasing their European market share due to aggressive pricing and fast production cycles, posing a challenge to European brands despite new EU tariffs and potential technology-sharing negotiations.

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36% Bias Score

Decent Work and Economic Growth
english.kyodonews.net
🌐 50% Global Worthiness
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Nissan to Offer Early Retirement to Japanese Staff

Nissan Motor Co. will offer early retirement packages to its Japanese administrative staff in July and August, excluding those in development and production, marking the first such program in 18 years as the company seeks to improve its financial health.

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32% Bias Score

Decent Work and Economic Growth
africa.chinadaily.com.cn
🌐 85% Global Worthiness
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China's Auto Exports Soar, Defying US Tariffs

In 2024, China's auto exports soared 23 percent to 6.4 million vehicles, exceeding Japan's, with Russia and the Middle East as key markets; the US imposed a 25 percent tariff on imported cars, but China's domestic market growth, driven by electric vehicles, offsets this.

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36% Bias Score

Decent Work and Economic Growth
africa.chinadaily.com.cn
🌐 85% Global Worthiness
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China to Increase Auto Industry Oversight to Curb Price Wars

China's MIIT announced increased oversight of its auto industry to combat price wars, supporting the CAAM's initiative for fair competition after recent sharp price cuts disrupted the market and threatened the industry's sustainability, especially in the rapidly growing NEV sector.

Progress

48% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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Germany Cracks Down on Luxury Car Smuggling to Russia

German authorities have launched over 40 investigations into car dealers smuggling luxury vehicles to Russia, seizing hundreds of cars, despite sanctions evasion via intermediary countries, revealing challenges in enforcement.

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40% Bias Score

Peace, Justice, and Strong Institutions
abcnews.go.com
🌐 75% Global Worthiness
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Nissan Bets on New Hybrid Technology for Turnaround

Facing a $4.5 billion loss, Nissan is betting on its new e-Power hybrid technology—which never needs charging—to boost sales, particularly in the U.S., where it's cutting 15% of its global workforce and closing seven auto plants.

Progress

44% Bias Score

Industry, Innovation, and Infrastructure
dailymail.co.uk
🌐 85% Global Worthiness
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GM Reverses Stance, Lobbying Against California's 2035 Gas Car Ban

General Motors, America's largest automaker, is lobbying against California's plan to ban new gas car sales by 2035, a reversal of its previous support, citing market realities and consumer choice as concerns, while other automakers continue to invest in electric vehicle technology.

Progress

48% Bias Score

Climate Action
zeit.de
🌐 85% Global Worthiness
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DAX Companies Report 8.1% Profit Drop, 32,000 Job Cuts in Q1 2025

In Q1 2025, Germany's DAX companies experienced an 8.1 percent drop in operating profit to €44.8 billion, with 32,000 job cuts, due to economic slowdown, increased competition, and wildfire-related losses for insurers; however, some sectors like defense showed strong growth.

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40% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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Trump's Tariffs: Immediate and Long-Term Impacts on Global Auto Industry

Trump's reinstated tariffs are harming global trade, particularly impacting Germany's automotive exports to the US, despite a short-term surge in exports as manufacturers stockpile vehicles before higher tariffs take effect. A potential US-UK trade deal may offer some relief but introduces complexit...

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44% Bias Score

Decent Work and Economic Growth

Showing 13 to 24 of 236 results