Tag #Automotive Industry

kathimerini.gr
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Volkswagen's Collaborative Cost Cuts Raise Investor Doubts

Volkswagen's pre-Christmas cost-cutting agreement, involving plant closures and 35,000 job cuts by 2027, prioritizes collaboration with labor unions, raising investor concerns about its feasibility and impact on the company's stock price.

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44% Bias Score

Decent Work and Economic Growth
us.cnn.com
🌐 85% Global Worthiness
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Trump Seeks to Eliminate Federal and State Support for Electric Vehicles

President Trump issued an executive order on his first day in office aiming to eliminate federal and state support for electric vehicles, including a \$7,500 tax credit, but faces legal hurdles and potential congressional opposition, while automakers remain committed to EV production despite the cha...

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28% Bias Score

Climate Action
tr.euronews.com
🌐 85% Global Worthiness
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Volkswagen Warns of Harmful Economic Effects from Potential Trump Tariffs

Volkswagen voiced concern over potentially harmful economic effects from US tariffs on Mexican goods, particularly impacting its major Puebla plant which exports roughly 350,000 vehicles annually to the US, with analysts suggesting a loss of competitiveness if tariffs are imposed.

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44% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Volkswagen Warns of Tariff Impact on US Consumers

Volkswagen voiced concern over potential 25% US tariffs on Mexican goods, impacting its major Puebla plant (producing ~350,000 cars annually for US export) and potentially harming American consumers; the company is investing over $10 billion in US facilities.

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40% Bias Score

Decent Work and Economic Growth
elmundo.es
🌐 85% Global Worthiness
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BMW Group Spain Sets Sales Records in 2024

In 2024, BMW Group Spain achieved record sales, with BMW brand sales up 29.4% to 45,184 units, exceeding market growth fourfold, while Mini sales decreased by 10.1% due to model range renewal, and BMW Motorrad sales increased by 3.6% to 13,143 units.

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44% Bias Score

Responsible Consumption and Production
welt.de
🌐 75% Global Worthiness
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German Private Electric Vehicle Adoption Plummets in 2024

HUK Coburg insurance data reveals a sharp decline in private electric vehicle adoption in Germany during 2024, with only 4% of insured drivers switching to electric cars, compared to nearly 7% in 2022; this is linked to factors including the end of subsidies, high prices, limited models, and lack of...

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44% Bias Score

Climate Action
repubblica.it
🌐 75% Global Worthiness
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Global EV Growth Slows Amidst Price Drops, Italy Lags Behind

Jato Dynamics' study reveals slowing global EV growth in 2024, despite price drops in Europe, China, and the US; while Italian EV prices are 25% higher than ICE vehicles, the gap will narrow in 2025 with new affordable models, but remain significantly higher compared to China.

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40% Bias Score

Affordable and Clean Energy
cnn.com
🌐 85% Global Worthiness
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Trump's Executive Order Challenges Federal and State EV Support

President Trump issued an executive order on his first day in office aiming to eliminate federal and state support for electric vehicles, including a \$7,500 tax credit, potentially sparking legal challenges and impacting the US auto industry's competitiveness with China.

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32% Bias Score

Climate Action
theglobeandmail.com
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Stellantis Chairman Meets Trump Amidst US Trade Policy Uncertainty

Stellantis Chairman John Elkann met with President Trump to discuss the impact of potential US tariffs on auto imports from Mexico and Canada, highlighting the auto industry's efforts to navigate new economic policies under the Trump administration, as Trump revoked an executive order focused on ele...

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44% Bias Score

Decent Work and Economic Growth
dw.com
🌐 85% Global Worthiness
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Apple Tops Brand Finance's 2024 Brand Value Ranking as US Tech Dominates

Brand Finance's 2024 ranking of the top 500 most valuable brands shows Apple leading with $574.5 billion, followed by Microsoft and Google, while German automotive brands declined despite some German brands showing growth.

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36% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 85% Global Worthiness
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Volkswagen's $20 Billion North America Investment to Counter China Dependence

Volkswagen plans significant US expansion ($15 billion investment) to lessen China dependence, using range extenders in volume models to ease e-mobility transition, while aiming for lower tariffs despite Trump's trade policies.

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56% Bias Score

Decent Work and Economic Growth
repubblica.it
🌐 75% Global Worthiness
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EU Tightens Plug-in Hybrid Emission Tests, Impacting Incentives and Sales

New European Union regulations, effective January 1st, 2025, significantly increase the driving distance used to test plug-in hybrid vehicle emissions (from 800km to 2200km in 2025, and further to 4260km in 2027), aiming to accurately reflect real-world usage and curb discrepancies between declared ...

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40% Bias Score

Climate Action