VW and IG Metall Reach Deal, Avoiding Layoffs but Cutting 35,000 Jobs
Volkswagen and IG Metall union reached a deal to avoid plant closures and layoffs until 2030, but over 35,000 jobs will be cut through attrition and social programs; this follows the longest negotiation round in VW's history, exceeding 70 hours, with two rounds of strikes involving approximately 100...
VW and IG Metall Reach Deal, Avoiding Layoffs but Cutting 35,000 Jobs
Volkswagen and IG Metall union reached a deal to avoid plant closures and layoffs until 2030, but over 35,000 jobs will be cut through attrition and social programs; this follows the longest negotiation round in VW's history, exceeding 70 hours, with two rounds of strikes involving approximately 100...
Progress
48% Bias Score
Nissan-Honda Merger Talks Send Shockwaves Through Auto Industry
Nikkei" reported that Nissan and Honda are exploring a merger with Mitsubishi Motors to form the world's third-largest automaker, aiming to counter growing competition from China and the US by jointly developing electric vehicles and autonomous driving technologies; Nissan's stock surged 24%, while ...
Nissan-Honda Merger Talks Send Shockwaves Through Auto Industry
Nikkei" reported that Nissan and Honda are exploring a merger with Mitsubishi Motors to form the world's third-largest automaker, aiming to counter growing competition from China and the US by jointly developing electric vehicles and autonomous driving technologies; Nissan's stock surged 24%, while ...
Progress
36% Bias Score
Nissan and Honda Explore Full Merger to Dominate Electric Vehicle Market
Top Japanese automakers Nissan and Honda are considering a full merger to boost their competitiveness in the electric vehicle market, potentially creating the world's third-largest car group with 8 million annual sales, but facing challenges such as disentangling from Renault and potential job losse...
Nissan and Honda Explore Full Merger to Dominate Electric Vehicle Market
Top Japanese automakers Nissan and Honda are considering a full merger to boost their competitiveness in the electric vehicle market, potentially creating the world's third-largest car group with 8 million annual sales, but facing challenges such as disentangling from Renault and potential job losse...
Progress
32% Bias Score
Uncertainty Over US EV Tax Credits Spurs Sales Increase
The potential elimination of US federal tax credits for electric vehicles (EVs) is prompting increased sales, particularly of used vehicles, though many buyers are still unaware of the credits' existence; the credits total up to $7,500 for new vehicles and $4,000 for used ones.
Uncertainty Over US EV Tax Credits Spurs Sales Increase
The potential elimination of US federal tax credits for electric vehicles (EVs) is prompting increased sales, particularly of used vehicles, though many buyers are still unaware of the credits' existence; the credits total up to $7,500 for new vehicles and $4,000 for used ones.
Progress
36% Bias Score
Nissan and Honda Explore Blockbuster Merger to Tackle EV Competition
Japanese automakers Nissan and Honda are reportedly exploring a merger, potentially including Mitsubishi, to create the world's third-largest auto group and better compete with electric vehicle giants like Tesla and BYD amidst rising global competition. The deal faces obstacles, including potential ...
Nissan and Honda Explore Blockbuster Merger to Tackle EV Competition
Japanese automakers Nissan and Honda are reportedly exploring a merger, potentially including Mitsubishi, to create the world's third-largest auto group and better compete with electric vehicle giants like Tesla and BYD amidst rising global competition. The deal faces obstacles, including potential ...
Progress
36% Bias Score
Honda and Nissan in Merger Talks to Boost Electric Vehicle Competitiveness
Honda and Nissan, Japan's second and third largest automakers, are negotiating a merger under a single holding company, potentially including Mitsubishi Motors, to strengthen their position in the global electric vehicle market and counter recent sales declines.
Honda and Nissan in Merger Talks to Boost Electric Vehicle Competitiveness
Honda and Nissan, Japan's second and third largest automakers, are negotiating a merger under a single holding company, potentially including Mitsubishi Motors, to strengthen their position in the global electric vehicle market and counter recent sales declines.
Progress
44% Bias Score
Renault France Signs Social Contract for Workforce Flexibility
Renault's new social contract, signed with two unions but not the CGT, aims to provide flexibility for its 40,000 French employees through a fund guaranteeing 100% of salaries during partial unemployment, alongside a process for voluntary departures during restructuring.
Renault France Signs Social Contract for Workforce Flexibility
Renault's new social contract, signed with two unions but not the CGT, aims to provide flexibility for its 40,000 French employees through a fund guaranteeing 100% of salaries during partial unemployment, alongside a process for voluntary departures during restructuring.
Progress
40% Bias Score
Stellantis Invests €2 Billion in Italian Plants, Averts Closures
Stellantis, facing recent leadership changes and government disputes, announced a €2 billion investment in Italian plants for over a dozen new car models by 2026, resolving conflicts and securing the future of its Italian operations.
Stellantis Invests €2 Billion in Italian Plants, Averts Closures
Stellantis, facing recent leadership changes and government disputes, announced a €2 billion investment in Italian plants for over a dozen new car models by 2026, resolving conflicts and securing the future of its Italian operations.
Progress
36% Bias Score
U.S. New Vehicle Sales to Surge in 2025 Amidst Economic and Political Uncertainty
U.S. new light vehicle sales are expected to reach 16.3 million in 2025, exceeding 2024 projections and marking the highest level since 2019 due to lower interest rates, increased affordability, and normalized inventories; however, potential tariffs and policy changes pose risks.
U.S. New Vehicle Sales to Surge in 2025 Amidst Economic and Political Uncertainty
U.S. new light vehicle sales are expected to reach 16.3 million in 2025, exceeding 2024 projections and marking the highest level since 2019 due to lower interest rates, increased affordability, and normalized inventories; however, potential tariffs and policy changes pose risks.
Progress
40% Bias Score
Saxony's Economy to Contract in 2024 Due to Automotive Crisis
Saxony's economy is projected to contract by 0.5 percent in 2024, underperforming East Germany (0.3 percent growth) and Germany (-0.1 percent), mainly due to the automotive industry's crisis impacting Volkswagen's 10,000+ Saxon employees and causing wider industrial decline (2.4 percent vs East Germ...
Saxony's Economy to Contract in 2024 Due to Automotive Crisis
Saxony's economy is projected to contract by 0.5 percent in 2024, underperforming East Germany (0.3 percent growth) and Germany (-0.1 percent), mainly due to the automotive industry's crisis impacting Volkswagen's 10,000+ Saxon employees and causing wider industrial decline (2.4 percent vs East Germ...
Progress
40% Bias Score
Honda, Nissan, and Mitsubishi Explore Potential Merger Amidst Market Challenges
Honda and Nissan, along with Mitsubishi, are exploring a potential merger to address challenges in the Chinese market and the global electric vehicle transition; details are limited.
Honda, Nissan, and Mitsubishi Explore Potential Merger Amidst Market Challenges
Honda and Nissan, along with Mitsubishi, are exploring a potential merger to address challenges in the Chinese market and the global electric vehicle transition; details are limited.
Progress
40% Bias Score
Nissan, Honda Explore Merger to Counter Toyota, Volkswagen
Nissan and Honda are discussing closer collaboration, possibly a merger, to counter challenges in the electric vehicle market and compete with Toyota and Volkswagen; no decision has been made, but Nissan's shares surged 22% on the news.
Nissan, Honda Explore Merger to Counter Toyota, Volkswagen
Nissan and Honda are discussing closer collaboration, possibly a merger, to counter challenges in the electric vehicle market and compete with Toyota and Volkswagen; no decision has been made, but Nissan's shares surged 22% on the news.
Progress
36% Bias Score