Brose to Cut 700 Jobs Amidst Revenue Shortfall
German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...
Brose to Cut 700 Jobs Amidst Revenue Shortfall
German automotive supplier Brose announced it will miss its revenue targets this year, projecting €7.7 billion, 7 percent below plan and 3 percent below last year, due to rising costs and underutilized facilities; the company plans to cut 700 jobs in Germany by 2025 and reduce investments by 20 perc...
Progress
44% Bias Score
Stellantis to Invest €8 Billion in Italian Auto Production
Stellantis will invest €8 billion in Italian operations next year, boosting production at six factories with over a dozen new models by 2032, despite facing challenges from slumping sales and new European electric vehicle regulations.
Stellantis to Invest €8 Billion in Italian Auto Production
Stellantis will invest €8 billion in Italian operations next year, boosting production at six factories with over a dozen new models by 2032, despite facing challenges from slumping sales and new European electric vehicle regulations.
Progress
36% Bias Score
Lancia Ypsilon EV Relaunch Faces Challenges Due to High Price and Lack of Innovation
The new Lancia Ypsilon EV, priced at approximately €40,000, is a rebadged version of existing Stellantis models, raising concerns about its market viability due to its high price and lack of innovation, despite attempts to revive the Lancia brand.
Lancia Ypsilon EV Relaunch Faces Challenges Due to High Price and Lack of Innovation
The new Lancia Ypsilon EV, priced at approximately €40,000, is a rebadged version of existing Stellantis models, raising concerns about its market viability due to its high price and lack of innovation, despite attempts to revive the Lancia brand.
Progress
60% Bias Score
Porsche SE Withdraws Profit Forecast, Anticipates Substantial Loss
Porsche SE withdrew its profit forecast for the fiscal year, now expecting a substantial loss due to significant write-downs on its VW shares; this stems from a discrepancy between the book value and current market value of the shares, exacerbated by a delay in VW's internal planning data related to...
Porsche SE Withdraws Profit Forecast, Anticipates Substantial Loss
Porsche SE withdrew its profit forecast for the fiscal year, now expecting a substantial loss due to significant write-downs on its VW shares; this stems from a discrepancy between the book value and current market value of the shares, exacerbated by a delay in VW's internal planning data related to...
Progress
36% Bias Score
Record November EV Sales: China Leads, Europe Lags
Global electric vehicle sales reached a record 1.8 million units in November 2024, exceeding October's record; China led with 1.3 million units, while Europe saw a 3% year-to-date decline due to high production costs and competition.
Record November EV Sales: China Leads, Europe Lags
Global electric vehicle sales reached a record 1.8 million units in November 2024, exceeding October's record; China led with 1.3 million units, while Europe saw a 3% year-to-date decline due to high production costs and competition.
Progress
32% Bias Score
Germany Proposes New Electric Vehicle Subsidies
Germany's electric vehicle sales slumped 22% year-on-year in November. The Ministry of Economics' new plan proposes income-based tax incentives for EV purchases, a €1000 charging credit, and a social leasing model, but its implementation is uncertain due to upcoming elections.
Germany Proposes New Electric Vehicle Subsidies
Germany's electric vehicle sales slumped 22% year-on-year in November. The Ministry of Economics' new plan proposes income-based tax incentives for EV purchases, a €1000 charging credit, and a social leasing model, but its implementation is uncertain due to upcoming elections.
Progress
44% Bias Score
U.S. EV Market Growth Stalls Amidst Consumer Dissatisfaction and Policy Uncertainty
Despite government incentives and predictions of a boom, U.S. EV market growth has stalled, with only 8% of households owning an EV and nearly half of owners expressing regret, due to range anxiety, charging issues, and reliability concerns, further complicated by potential policy shifts.
U.S. EV Market Growth Stalls Amidst Consumer Dissatisfaction and Policy Uncertainty
Despite government incentives and predictions of a boom, U.S. EV market growth has stalled, with only 8% of households owning an EV and nearly half of owners expressing regret, due to range anxiety, charging issues, and reliability concerns, further complicated by potential policy shifts.
Progress
56% Bias Score
VW-IG Metall Negotiations: Potential Agreement by Wednesday
VW and IG Metall are in intense negotiations to avert plant closures and job losses, with a potential partial agreement by Wednesday; however, failure to reach an agreement could trigger further strikes.
VW-IG Metall Negotiations: Potential Agreement by Wednesday
VW and IG Metall are in intense negotiations to avert plant closures and job losses, with a potential partial agreement by Wednesday; however, failure to reach an agreement could trigger further strikes.
Progress
56% Bias Score
UK Auto Industry Faces EV Transition Crisis
The resignation of Stellantis CEO Carlos Tavares underscores the challenges facing the UK auto industry as it transitions to electric vehicles, with factory closures, job cuts, and political disagreements highlighting the need for government intervention to secure a competitive future.
UK Auto Industry Faces EV Transition Crisis
The resignation of Stellantis CEO Carlos Tavares underscores the challenges facing the UK auto industry as it transitions to electric vehicles, with factory closures, job cuts, and political disagreements highlighting the need for government intervention to secure a competitive future.
Progress
48% Bias Score
Record November EV Sales Driven by China, While Europe Shows Decline
Global electric vehicle sales reached a record 1.8 million units in November 2024, with China accounting for over 1.3 million sales; however, European sales declined by 3%, highlighting uneven global growth.
Record November EV Sales Driven by China, While Europe Shows Decline
Global electric vehicle sales reached a record 1.8 million units in November 2024, with China accounting for over 1.3 million sales; however, European sales declined by 3%, highlighting uneven global growth.
Progress
40% Bias Score
\"Stellantis to Avoid \"2.7 Billion Euro EU Carbon Penalty with New Production Plans for Italy\"
\"Stellantis' European chief, Jean-Philippe Imparato, will present plans to the Italian government on December 17 to avoid \"2.7 billion euros in EU carbon emission penalties by increasing electric vehicle production. The company asserts it will maintain Italian plants and jobs, while decisions abou...
\"Stellantis to Avoid \"2.7 Billion Euro EU Carbon Penalty with New Production Plans for Italy\"
\"Stellantis' European chief, Jean-Philippe Imparato, will present plans to the Italian government on December 17 to avoid \"2.7 billion euros in EU carbon emission penalties by increasing electric vehicle production. The company asserts it will maintain Italian plants and jobs, while decisions abou...
Progress
64% Bias Score
GM Halts Cruise Robotaxi Funding, Prioritizes Advanced Driver Assistance Systems
General Motors (GM) ended funding for its Cruise robotaxi project after a pedestrian accident, shifting focus to developing advanced driver assistance systems (ADAS) for private cars due to concerns over the long-term viability and profitability of robotaxis compared to the quicker returns offered b...
GM Halts Cruise Robotaxi Funding, Prioritizes Advanced Driver Assistance Systems
General Motors (GM) ended funding for its Cruise robotaxi project after a pedestrian accident, shifting focus to developing advanced driver assistance systems (ADAS) for private cars due to concerns over the long-term viability and profitability of robotaxis compared to the quicker returns offered b...
Progress
60% Bias Score