Ligier, a manufacturer of small vehicles, is set to eliminate nearly all jobs at its Montaigu site in Vendée, transferring production to its historic facility in Allier. Out of 141 employees, 126 are expected to lose their positions by the…
Global sales of electric vehicles (EVs) reached approximately 17 million in 2024, with varying growth rates across regions. While countries like China and Indonesia experienced robust sales, declines were noted in Germany and Japan. Major manufacturers, including Volvo, Toyota, and…
The German DAX index struggles to break the 20,000-point barrier ahead of Christmas despite a significant annual gain of about 19%. Market analysts express caution following last week’s downturn triggered by the US Federal Reserve’s interest rate projections. Meanwhile, the…
BMW has acknowledged irregularities in its car exports to Russia from its Hannover facility, which occurred despite existing sanctions. Internal controls uncovered the issue, leading to the termination of the responsible employees. The company has halted further vehicle sales and…
The electric vehicle (EV) industry is witnessing significant advancements in manufacturing processes, reducing costs and increasing efficiency. Major automakers are investing heavily in new technologies and partnerships aimed at enhancing battery production and sustainability. This shift is expected to accelerate…
Italian Prime Minister Giorgia Meloni met with European Commission President Ursula von der Leyen in Brussels for initial discussions following the establishment of the new European executive body. The talks focused on EU priorities, including the competitiveness of the automotive…
Bosch, the world’s largest automotive equipment supplier, plans to cut approximately 8,250 jobs globally by 2025 due to weak demand, high costs, and increasing competition in its Mobility segment. This represents nearly 2% of Bosch’s global workforce of over 429,000…
Chancellor Olaf Scholz is pushing for a European incentive to revive the struggling electric vehicle market in Germany, where sales have dropped significantly. During a visit to Ford’s troubled plant in Cologne, Scholz highlighted the need for financial support as…
A recent Court of Appeal ruling involving Marcus Johnson and two other car buyers has raised questions about hidden commission payments in car financing, potentially allowing millions to seek compensation. The ruling emphasized the need for ‘fully informed consent’ from…
Jaguar Land Rover, under the direction of Gerry McGovern, is attempting to redefine its identity, focusing on an all-electric future with the controversial launch of a teaser ad and a new concept car. The brand struggles with declining sales and…
Italian Minister of Enterprises and Made in Italy, Adolfo Urso, has called for a meeting on December 17 to discuss a sustainable plan from Stellantis aimed at boosting production and investments in Italy while preventing layoffs. Additionally, Uil leader Pierpaolo…
The German stock index DAX has crossed the 20,000 mark, despite weak economic signals and challenges in sectors like automotive and construction. Experts suggest that the global operations of major DAX companies and potential interest rate declines may bolster stocks….
