Tag #Automotive Industry

Showing 157 to 168 of 398 results

faz.net
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Volkswagen Announces 35,000 Job Cuts Amidst Global Market Challenges

Volkswagen Group announced a compromise with the IG Metall union involving 35,000 job cuts over six years to improve competitiveness amid a stagnating global auto market and increased competition, particularly from China, while simultaneously pledging to launch a €20,000 electric vehicle and an elec...

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nos.nl
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Trump's Tariff Threat Shakes Windsor-Detroit's Intertwined Economy

Donald Trump's threatened 25% tariff on Canadian goods sparked concern in Windsor, Ontario, impacting its $325 million daily trade with Detroit, a third of total Canada-US trade, jeopardizing jobs and businesses in this integrated auto industry.

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usa.chinadaily.com.cn
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US Tariffs Raise Concerns for Japanese Businesses

The US imposed tariffs on Canada, Mexico, and China, prompting concerns from Japanese businesses, particularly in the auto sector, due to their reliance on Mexican and Canadian supply chains; the Japanese government is assessing the situation and providing support.

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repubblica.it
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EU Proposes Flexibility on 2035 Electric Vehicle Mandate

The European Commission is considering a plan to ease the transition to electric vehicles, including allowing plug-in hybrids after 2035, spreading emission penalties over three years, and providing tax incentives for electric company cars.

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40% Bias Score

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zeit.de
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Porsche Board Shakeup Amidst Electric Vehicle Struggles

Porsche announced potential departures of board members Lutz Meschke and Detlev von Platen following disappointing electric vehicle sales and a 27% drop in Porsche AG's stock price since its IPO in Fall 2022.

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60% Bias Score

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zeit.de
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Porsche Revises EV Strategy Amidst Weak Demand, €800 Million Cost Increase

Porsche is revising its electric vehicle strategy due to weak demand and challenges in China, expecting €800 million in added costs in 2024 to develop combustion engine and plug-in hybrid vehicles, invest in batteries, and restructure; sales fell 3 percent overall, with a 28 percent drop in China.

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nos.nl
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Trump's Tariff Threat Shakes Windsor-Detroit Trade

Trump's threatened 25% tariff on Canadian goods has created uncertainty in Windsor, Canada, a city heavily reliant on cross-border trade with Detroit, jeopardizing \$325 million in daily exchanges and impacting various sectors.

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36% Bias Score

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nos.nl
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Trump's Tariff Threat Shakes Windsor-Detroit Economic Ties

Donald Trump's threatened 25% tariff on Canadian goods has created uncertainty in Windsor, Canada, a city with close economic ties to Detroit. Daily trade between Windsor and Detroit is valued at \$325 million, representing one-third of total Canada-US trade; this tariff jeopardizes thousands of job...

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36% Bias Score

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welt.de
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Porsche Invests Heavily to Counter Crisis, Accepts Lower Profit Margin

Porsche announced a significant investment to counter a financial downturn, expecting a reduced operating margin (10-12 percent in 2023) due to new model development and market challenges; the company aims for long-term growth despite short-term financial strain and recent executive changes.

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europe.chinadaily.com.cn
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US Tariffs Spark Concerns for Japan's Economy

The US imposed tariffs on Canada, Mexico, and China, causing concern in Japan due to its substantial supply chains in these regions; the Japanese government and businesses are closely monitoring the potential economic impact.

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48% Bias Score

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cbsnews.com
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Trump's Tariffs Threaten US Auto Industry

President Trump's proposed 25% tariffs on Canadian and Mexican vehicle imports, temporarily suspended, could increase car prices by $6,250 on average, decrease production by 30%, and cause billions in industry profit losses, while potentially benefiting foreign competitors.

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40% Bias Score

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dw.com
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Trump's Tariff Threats on EU Remain Unfulfilled, But Looming Danger Persists

Despite initial threats, Donald Trump has not yet imposed new tariffs on the EU; however, recently imposed 25% tariffs on Canadian and Mexican goods pose a significant threat to European industries, particularly impacting German automotive manufacturers with substantial operations in North America, ...

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44% Bias Score

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Showing 157 to 168 of 398 results