Carlos Tavares, the CEO of Stellantis, has resigned unexpectedly amid a significant decline in the company’s sales and stock price, which has dropped by 40% this year. His departure comes as Stellantis faces scrutiny over plans to close its Vauxhall…
Carlos Tavares, the CEO of Stellantis, has resigned unexpectedly, prompting discussions about the company’s future. His departure comes after a significant decline in sales and profits, with Stellantis’ share price dropping by 40% this year. Recently, the company announced plans…
Amid escalating industrial challenges, France is bracing for significant job losses across multiple sectors, particularly in automotive and chemicals. Minister Marc Ferracci highlighted impending layoffs, suggesting over 150,000 jobs could vanish due to fierce international competition and rising operational costs….
Nissan has announced it will cut 9,000 jobs worldwide and reduce its production capacity by 20% to adapt to plummeting sales. The decision comes after the company reported unexpected net losses of 9.3 billion yen (approximately 56 million euros) for…
BMW has faced a staggering 84% drop in profits during the third quarter, earning just €476 million compared to the previous year. The decline is attributed to a significant recall of 1.5 million vehicles and declining sales in China, where…
BMW experienced a staggering 84% drop in profit in the third quarter, with net earnings plummeting to €476 million from €2.9 billion a year earlier. This decline is attributed largely to decreased demand in China and the costly recall of…
The global market for electric vehicles (EVs) is experiencing unprecedented growth, driven by increasing consumer demand and government incentives aimed at reducing carbon emissions. Major automotive companies are ramping up production, while new models with advanced features are attracting buyers….
