Tag #Automotive Industry

Showing 1 to 12 of 563 results

forbes.com
🌐 75% Global Worthiness
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U.S. EV Market Projected for Steady Growth Despite Tesla Slump

Despite recent setbacks including a fall in Tesla sales and waning consumer interest, the U.S. EV market is expected to reach 10.8% market share in 2025 and 24% by 2030, according to UBS, although this is dependent on several factors, including the continuation of consumer tax credits and the outcom...

Progress

52% Bias Score

Climate Action
lemonde.fr
🌐 75% Global Worthiness
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Forvia's New CEO Tackles Debt and Market Shifts

Martin Fischer, a 54-year-old engineer, became Forvia's CEO on March 1st, aiming to overcome challenges like a 20% drop in European car sales and substantial debt from the recent merger with Hella, while capitalizing on its strong position in the Chinese market.

Progress

36% Bias Score

Decent Work and Economic Growth
themoscowtimes.com
🌐 75% Global Worthiness
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Russia's Auto Market Slumps Despite April's Uptick

Despite an April uptick, Russia's auto market slumped in May, with passenger car and light commercial vehicle sales falling 27.5% year-over-year to 98,300 units, due to macroeconomic uncertainty and consumer preference for dollar investments, impacting production capacity.

Progress

44% Bias Score

Decent Work and Economic Growth
zeit.de
🌐 75% Global Worthiness
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Volkswagen Exceeds Job Reduction Target in Restructuring Plan

Volkswagen Group announced that around 20,000 employees have agreed to leave the company by 2030 as part of a restructuring plan, exceeding the initial target and representing over half of the planned job cuts. The plan aims to enhance competitiveness and involves voluntary departures, avoiding comp...

Progress

40% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
🌐 85% Global Worthiness
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Stellantis Appoints Filosa as CEO Amidst Financial Crisis

Stellantis appointed Antonio Filosa as CEO, replacing Carlos Tavares whose North American strategy caused a significant share value drop and sales decline; Filosa's success depends on overcoming these challenges and navigating US tariffs.

Progress

60% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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VW Announces Massive US Investment to Offset Potential Tariffs

Volkswagen CEO Oliver Blume announced "massive" US investments, exceeding $5 billion by 2026, primarily in Rivian, to counter potential tariffs imposed by the Trump administration, involving direct communication with US officials.

Progress

48% Bias Score

Decent Work and Economic Growth
nrc.nl
🌐 85% Global Worthiness
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China's Rare Earth Restrictions Disrupt Global Auto Production

China's April export restrictions on rare earth metals are disrupting global supply chains, forcing automakers like Ford to consider producing parts in China or cut features to avoid factory shutdowns, highlighting global reliance on Chinese rare earth metal production.

Progress

48% Bias Score

Industry, Innovation, and Infrastructure
repubblica.it
🌐 75% Global Worthiness
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Italy's High Electricity Prices Hamper Electric Vehicle Adoption

High electricity costs in Italy are hindering the growth of the electric vehicle market; fast charging costs are the highest in the EU, making electric cars less economical than gasoline vehicles compared to other major EU countries.

Progress

44% Bias Score

Affordable and Clean Energy
theglobeandmail.com
🌐 75% Global Worthiness
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Magna's Battered Share Price: A Turnaround Opportunity?

Magna International Inc.'s (MG-T) share price has fallen 60 percent since 2021 due to inflation, rising interest rates, tariffs, and decreased vehicle production, resulting in lower sales and earnings; however, recent positive developments suggest a potential turnaround.

Progress

48% Bias Score

Decent Work and Economic Growth
dw.com
🌐 75% Global Worthiness
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Cologne Ford Strike: 10,000 Workers Protest 2,900 Job Cuts

On May 14, 2024, over 10,000 Ford workers in Cologne, Germany, staged a 24-hour strike—the plant's first official strike—to protest the company's plan to cut 2,900 jobs by 2027, highlighting anxieties in the German auto industry amid economic downturn and the shift to electric vehicles.

Progress

52% Bias Score

Decent Work and Economic Growth
elpais.com
🌐 75% Global Worthiness
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Booming Spanish Used Car Market Surges Past Pre-Pandemic Levels

Spain's used car market is experiencing a surge, with sales up 3.7% to 698,922 units by April, exceeding pre-pandemic levels, driven by increased availability, consumer confidence, and the rise of used electric and hybrid vehicles; the market is projected to exceed 2.1 million units by 2025.

Progress

48% Bias Score

Responsible Consumption and Production
dw.com
🌐 75% Global Worthiness
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Ford Cologne Strike: 10,000 Workers Protest 2,900 Job Cuts Amidst European Losses

On May 14th, over 10,000 Ford Cologne employees, fearing 2,900 job cuts, conducted a 24-hour strike—the plant's first official strike—amidst the company's European losses, weak electric vehicle sales, and the impact of global economic conditions and US tariffs.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 563 results