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• Ford plans to cut up to 3,200 jobs across Europe and move some product development work to the US, Germany's IG Metall union said on Monday, vowing action that would disrupt the carmaker across the continent if the cuts go ahead. "If negotiations between the works council and management in coming weeks do not ensure the future of workers, we will join the process," IG Metall said. via Spiegel A step back: The US automaker, which employs about 45,000 peopl...Devamını Oku
24 Oca 2023
• US power chip maker Wolfspeed is planning to build a factory in Germany for more than €2 billion, Handelsblatt reported on Saturday, with production set to begin in four years at the site in the southwest state of Saarland. The German auto supplier ZF will hold a minority stake, the business newspaper said, citing unnamed sources familiar with the project.
23 Oca 2023
• Tesla came under fire from German union IG Metall and politicians over allegations by workers of unreasonable working hours and fears over speaking out at its Gigafactory Berlin-Brandenburg, with some calling for inquiries into the automaker. "Tesla is not doing enough to improve working conditions and is leaving too little time for leisure, family and recovery," a union spokesperson said. via Reuters Furthermore: A new role advertised on Tesla's career w...Devamını Oku
17 Oca 2023
• Tesla has drastically cut its electric-vehicle prices in the US and Europe by as much as 20%, in a bid to boost sales after missing Wall Street delivery estimates for 2022. The move marks a reversal from the automaker's strategy over the last two years when new vehicle orders exceeded supply. Shares ended down 0.9% after falling as much as 6.4% on Friday.
16 Oca 2023
• The Volkswagen Group reported its lowest sales in over a decade in 2022, due mainly to supply chain issues from Covid-19 lockdowns in China and the war in Ukraine. The German automaker said on Thursday it delivered 8.3 million vehicles to customers last year, a drop of 7% compared with the 8.6 million sales in 2021 and behind Japan’s Toyota for the third consecutive year. Looking ahead… Group sales were up 12% in the second half of 2022, but the full-year figure wa...Devamını Oku
13 Oca 2023
• General Motors on Wednesday posted a 2.5% yearly rise in US new vehicle sales in 2022, outselling its biggest competitor Toyota , thanks mainly to an easing of inventory shortages and strong demand for its cars and trucks. GM, which lost the spot as the top US automaker at the end of 2021 for the first time since 1931, said its annual sales rose to 2,274,088 vehicles last year. Furthermore: Toyota has been among those hit acutely by surging material costs and pers...Devamını Oku
05 Oca 2023
• Renault said they issued a 210 billion yen (€1.6bn) bond that will mature in December 2026 and will carry a 2.80% coupon, adding that this highlighted its appeal to investors in Japan. "The final orderbook amounted to close to 300 billion yen, underlying the high confidence of Japanese retail investors in the Renault Group strategy," added the French automaker.
23 Ara 2022
• Hyundai broke ground on a $5.54 billion electric vehicle and battery plant in the US, as the South Korean automaker struggles with an uncertain outlook for its EV sales in its top market. Hyundai aims to kick off commercial production in the first half of 2925 in the massive plant in the state of Georgia, making it the largest investment in the state's history.
26 Eki 2022
• Volkswagen was sued by a group of institutional investors over concerns that the automaker may be privately lobbying against its environmental efforts despite making public commitments to fighting climate change. The investors filed a suit at a German court seeking to make VW include an item about their lobbying activities to the agenda of its shareholder meeting.
21 Eki 2022
• Porsche became Europe’s most valuable automaker, overtaking parent Volkswagen. Porsche’s shares went up 3.1% on Thursday, one week after its initial public offering, with its total value reaching €82.7 billion, passing Volkswagen’s valuation of €78.8 billion. via Bloomberg A step back: Porsche debuted on the stock market last week as Europe’s largest public offering in a decade. The company’s shares went below its IPO price on Monday but bounced back quickl...Devamını Oku
07 Eki 2022