Tag #Automotive Industry

repubblica.it
🌐 75% Global Worthiness
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Stellantis Cuts 97 Jobs Amidst Italian Plant Restructuring

Stellantis terminated its contract with logistics firm Trasnova, causing 97 job losses in Italy; the company cites cost-cutting amid industry-wide challenges from European regulations, Chinese competition, and declining demand, while discussions are ongoing with the Italian government and unions to ...

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44% Bias Score

Decent Work and Economic Growth
lefigaro.fr
🌐 85% Global Worthiness
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"ACC Launches First French-Made EV Batteries, Aims for European Leadership"

"Automotive Cells Company (ACC) started selling France's first domestically produced electric vehicle batteries, aiming for a 20% EU market share by 2030 despite initial production challenges and high European costs, driven by the EU's 2035 ban on new combustion engine vehicles."

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40% Bias Score

Industry, Innovation, and Infrastructure
welt.de
🌐 85% Global Worthiness
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VW Faces Second Major Strike Amidst Wage Dispute

IG Metall is organizing a four-hour warning strike at all German Volkswagen plants except Osnabrück on December 9th, coinciding with the fourth round of wage negotiations, to protest Volkswagen's proposed 10% wage cut and potential plant closures, affecting roughly 130,000 employees.

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44% Bias Score

Decent Work and Economic Growth
repubblica.it
🌐 75% Global Worthiness
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Stellantis Repairs Ties with Italy, Announces New Investments

Stellantis is mending ties with Italy, aiming to secure €750-900 million in funding and announcing new production plans for hybrid and electric vehicles in Italian plants, including the 500 in Mirafiori, the Panda in Pomigliano until 2030, and the Lancia Gamma in Melfi from 2026.

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36% Bias Score

welt.de
🌐 75% Global Worthiness
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ETAS to Cut 400 Jobs Amidst Automotive Industry Crisis

Bosch subsidiary ETAS plans to cut up to 400 jobs globally by 2026 due to weak demand for intelligent driver assistance systems and the overall automotive industry crisis; this impacts approximately one-eighth of its workforce, with details on German job losses pending negotiations.

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44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Nissan Faces Collapse Amid Chinese EV Onslaught

Facing intense competition from Chinese electric vehicle (EV) manufacturers, Japanese carmaker Nissan could collapse within 12 months, according to insiders, due to heavy losses and struggles to compete with cheaper EV alternatives.

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56% Bias Score

forbes.com
🌐 85% Global Worthiness
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Musk Supports Eliminating $7,500 EV Tax Credit

Elon Musk supports eliminating the $7,500 federal electric vehicle tax credit, contrasting with the auto industry's advocacy for its retention due to concerns about increased competition from Chinese manufacturers and potential negative impacts on EV adoption; California proposed a state-level credi...

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48% Bias Score

Climate Action
npr.org
🌐 85% Global Worthiness
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GM's EV1: A Pioneering Electric Car's Rise and Fall

GM's EV1, a pioneering electric vehicle introduced in 1996, was leased to about 800 drivers before GM ended production in 1999 and crushed almost all of the cars, despite their advanced technology and passionate following; the decision was driven by weakening environmental regulations and high produ...

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40% Bias Score

Climate Action
welt.de
🌐 85% Global Worthiness
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Volkswagen Faces Second Major Strike Amid Wage Dispute

IG Metall called for a second four-hour warning strike at Volkswagen on Monday, December 9th, impacting nearly 100,000 workers across nine German plants, to pressure Volkswagen's management into concessions during ongoing wage negotiations.

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48% Bias Score

Decent Work and Economic Growth
news.sky.com
🌐 75% Global Worthiness
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UK EV Sales Exceed Targets Amid Manufacturer Lobbying

UK electric vehicle sales surged to 25% in November, exceeding the 22% target, despite manufacturers lobbying for relaxed rules due to perceived struggles; however, data reveals that some manufacturers significantly outperform others.

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44% Bias Score

dailymail.co.uk
🌐 75% Global Worthiness
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Unsustainable EV Sales Growth in UK Masks ZEV Mandate Challenges

Despite November's record high of 25.1% EV sales in the UK, driven by £4 billion in manufacturer discounts, the industry struggles to meet government ZEV mandate targets due to weak private buyer demand, potentially requiring policy adjustments.

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56% Bias Score

cincodias.elpais.com
🌐 85% Global Worthiness
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Stellantis CEO Carlos Tavares Earned €36.5 Million in 2023

Carlos Tavares, former Stellantis CEO, received €36.494 million in compensation in 2023, 518 times the average employee salary, despite declining shareholder approval; Stellantis will appoint a new CEO by the first half of 2025.

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48% Bias Score

Reduced Inequality