EU to Tackle Auto Industry Crisis with January Meeting and New Task Force
The EU Commission will meet in January to address the automotive industry crisis, creating a task force focused on competitiveness while rejecting calls to delay the 2035 ban on gasoline and diesel engines.
EU to Tackle Auto Industry Crisis with January Meeting and New Task Force
The EU Commission will meet in January to address the automotive industry crisis, creating a task force focused on competitiveness while rejecting calls to delay the 2035 ban on gasoline and diesel engines.
Progress
40% Bias Score
Stellantis's Turin Plant Job Cuts Reflect European Auto Industry Crisis
Stellantis's Mirafiori plant in Turin, Italy, has placed 3,200 workers on technical unemployment due to low vehicle demand and the slow sales of electric vehicles, reflecting the broader European auto industry crisis and the challenges of transitioning to electric vehicles.
Stellantis's Turin Plant Job Cuts Reflect European Auto Industry Crisis
Stellantis's Mirafiori plant in Turin, Italy, has placed 3,200 workers on technical unemployment due to low vehicle demand and the slow sales of electric vehicles, reflecting the broader European auto industry crisis and the challenges of transitioning to electric vehicles.
Progress
60% Bias Score
Warning Strikes Halt Production at Nine Volkswagen German Plants
A two-hour warning strike at nine of ten Volkswagen plants in Germany affects over 130,000 employees, impacting production by more than 1,000 vehicles, in response to Volkswagen's demand for a 10% wage cut.
Warning Strikes Halt Production at Nine Volkswagen German Plants
A two-hour warning strike at nine of ten Volkswagen plants in Germany affects over 130,000 employees, impacting production by more than 1,000 vehicles, in response to Volkswagen's demand for a 10% wage cut.
Progress
36% Bias Score
Volkswagen Workers Strike in Germany Amidst Mass Layoff Plans
German Volkswagen workers initiated a strike today, protesting planned factory closures, mass layoffs, and wage cuts, escalating tensions between the company and unions due to decreased demand, EV transition costs, and competition.
Volkswagen Workers Strike in Germany Amidst Mass Layoff Plans
German Volkswagen workers initiated a strike today, protesting planned factory closures, mass layoffs, and wage cuts, escalating tensions between the company and unions due to decreased demand, EV transition costs, and competition.
Progress
36% Bias Score
Stellantis CEO Carlos Tavares Resigns Amid Financial Struggles
Stellantis CEO Carlos Tavares resigned Sunday due to differing views with the board, effective immediately; the company will search for a replacement during the first half of 2025, while chairman John Elkann leads an interim committee.
Stellantis CEO Carlos Tavares Resigns Amid Financial Struggles
Stellantis CEO Carlos Tavares resigned Sunday due to differing views with the board, effective immediately; the company will search for a replacement during the first half of 2025, while chairman John Elkann leads an interim committee.
Progress
44% Bias Score
Stellantis CEO Resigns, Stock Plummets 7%
Stellantis CEO Carlos Tavares resigned unexpectedly, causing a 7.33% stock drop; disagreements over mergers and challenges in North America contributed to his departure; the successor search is underway.
Stellantis CEO Resigns, Stock Plummets 7%
Stellantis CEO Carlos Tavares resigned unexpectedly, causing a 7.33% stock drop; disagreements over mergers and challenges in North America contributed to his departure; the successor search is underway.
Progress
52% Bias Score
Volkswagen Workers Protest Potential Layoffs in Baunatal
On December 3rd, 2024, roughly 8,000 Volkswagen employees in Baunatal, Germany, protested potential factory closures, mass layoffs, and salary reductions, highlighting the precarious situation of both permanent and temporary workers and the potential for significant economic disruption.
Volkswagen Workers Protest Potential Layoffs in Baunatal
On December 3rd, 2024, roughly 8,000 Volkswagen employees in Baunatal, Germany, protested potential factory closures, mass layoffs, and salary reductions, highlighting the precarious situation of both permanent and temporary workers and the potential for significant economic disruption.
Progress
56% Bias Score
Euro Stoxx 50 Underperforms in 2024 Amidst Sectoral Challenges
The Euro Stoxx 50 index is significantly underperforming in 2024, with several companies experiencing substantial losses due to decreased sales, competition from China, and overregulation; however, this presents long-term investment opportunities in undervalued European companies.
Euro Stoxx 50 Underperforms in 2024 Amidst Sectoral Challenges
The Euro Stoxx 50 index is significantly underperforming in 2024, with several companies experiencing substantial losses due to decreased sales, competition from China, and overregulation; however, this presents long-term investment opportunities in undervalued European companies.
Progress
48% Bias Score
VW Workers Strike Over Cost Cuts Amidst Shareholder Dividend Dispute
VW workers in Germany launched warning strikes at multiple plants, including Wolfsburg, Zwickau, and Hannover, impacting production due to a dispute with management over cost-cutting measures and the substantial dividends paid to shareholders, threatening further escalation if mass layoffs or plant ...
VW Workers Strike Over Cost Cuts Amidst Shareholder Dividend Dispute
VW workers in Germany launched warning strikes at multiple plants, including Wolfsburg, Zwickau, and Hannover, impacting production due to a dispute with management over cost-cutting measures and the substantial dividends paid to shareholders, threatening further escalation if mass layoffs or plant ...
Progress
56% Bias Score
Chinese EV Makers Exceed 2023 Delivery Targets
Chinese electric vehicle manufacturers BYD, Leapmotor, and Xiaomi surpassed their 2023 delivery targets by November, highlighting robust market demand and rapid growth in the sector.
Chinese EV Makers Exceed 2023 Delivery Targets
Chinese electric vehicle manufacturers BYD, Leapmotor, and Xiaomi surpassed their 2023 delivery targets by November, highlighting robust market demand and rapid growth in the sector.
Progress
40% Bias Score
Stellantis CEO Carlos Tavares Abruptly Resigns
Stellantis CEO Carlos Tavares unexpectedly resigned on December 1st, 2024, after a unanimous board decision in Amsterdam; John Elkann will serve as interim CEO while a replacement is sought.
Stellantis CEO Carlos Tavares Abruptly Resigns
Stellantis CEO Carlos Tavares unexpectedly resigned on December 1st, 2024, after a unanimous board decision in Amsterdam; John Elkann will serve as interim CEO while a replacement is sought.
Progress
44% Bias Score
German EV Market Crashes After Subsidy Cut
The German electric vehicle market significantly declined after the end of government subsidies in December 2023, resulting in a 26.6 percent drop in new registrations by October 2024, impacting overall car sales and raising concerns about the country's climate goals and global competitiveness.
German EV Market Crashes After Subsidy Cut
The German electric vehicle market significantly declined after the end of government subsidies in December 2023, resulting in a 26.6 percent drop in new registrations by October 2024, impacting overall car sales and raising concerns about the country's climate goals and global competitiveness.
Progress
44% Bias Score