Tag #Auto Industry

Showing 253 to 264 of 285 results

europe.chinadaily.com.cn
🌐 85% Global Worthiness
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China's Auto Sales Boom Masks Growing Industry Instability

China's vehicle sales are projected to hit a record high in 2024, exceeding 31 million units, driven by a government trade-in policy and aggressive promotions, while the intense competition is causing some automakers to struggle financially.

Progress

44% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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GM Ends Cruise Robotaxi Operations, Shifting Focus to Core Business

General Motors ended its Cruise robotaxi operations after spending over \$10 billion, citing high costs and market competition; the decision is expected to save over \$1 billion annually and refocus the company on core automotive and personal autonomous vehicle businesses.

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48% Bias Score

Industry, Innovation, and Infrastructure
taz.de
🌐 85% Global Worthiness
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Volkswagen to Cut 1,000 Jobs Amidst Electric Vehicle Sales Slump

Volkswagen will eliminate 1,000 temporary contracts at its Zwickau electric vehicle plant by end of 2025 due to declining electric vehicle sales (down 14% in Europe from January to September 2024) and criticism of its model strategy, impacting nearly 10,000 employees and highlighting broader issues ...

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60% Bias Score

Decent Work and Economic Growth
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.

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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.

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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.

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48% Bias Score

zeit.de
🌐 85% Global Worthiness
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Volkswagen-IG Metall Wage Dispute: Crucial Talks Underway

Volkswagen and IG Metall are engaged in critical wage negotiations, with a 10% pay cut proposed by VW and job security demanded by the union, impacting around 130,000 employees.

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52% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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GM's Mass Layoff Sparks Outrage Over Treatment of Long-Term Employee

General Motors laid off approximately 1,000 employees globally on November 15th, 2024, including Adam Bernard, a 60-year-old with 38 years of service, who was notified via email at 5:07 a.m.; this sparked public outrage due to the impersonal nature of the dismissal and broader concerns about corpora...

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48% Bias Score

Decent Work and Economic Growth
abcnews.go.com
🌐 85% Global Worthiness
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"GM Abandons Robotaxi Venture Cruise, Focusing on Driver-Assist Systems"

"General Motors announced it is abandoning its money-losing Cruise robotaxi unit after investing \$2.4 billion and sustaining over \$10 billion in operating losses, choosing instead to focus on driver-assist technologies for its personal vehicles. This decision comes after a series of setbacks, incl...

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40% Bias Score

Industry, Innovation, and Infrastructure
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.

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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.

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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

Showing 253 to 264 of 285 results