Tag: cuts
China auto market sees 227 models with price cuts in 2024
The Chinese auto market witnessed a surge in price cuts for various models in 2024, with a total…
Volkswagen and IG Metall strike agreement on Germany cost cuts
Commenting on the agreement, VW CEO Herbert Diess said: “We have succeeded in achieving a sustainable and forward-looking…
Chinese EV Leader BYD Pressures Suppliers for 10% Price Cuts, Sparking Fears of an EV Price War
China’s Automobile Market Faces New Wave of Price Cuts Amidst fierce price competition in China’s automobile market, leading…
Ford’s jobs cuts signal ‘an incremental death’ in Germany
Ford’s Future in Germany at Risk with Drastic Job Cuts Ford’s recent announcement of plans to cut 4,000…
Volkswagen union proposes $1.6bn cost cuts to avoid plant closures- report
Volkswagen's workers union has put forward a proposal for $1.6 billion in cost savings, with the condition of…
Stellantis pledges no plant closures or job cuts in Italy
Stellantis, the multinational automotive company, has made a commitment to not shut down any plants or implement mass…
Nissan cuts stake in MMC
Nissan Motor Company has recently announced its plans to sell 149,028,300 shares in its affiliated automaker, Mitsubishi Motors…
Audi plans job cuts
Audi, a prominent German automaker, is planning to downsize its workforce in the coming months by cutting thousands…
2025 Ford F-150 receives some price cuts, starts at $40,705
Ford has made some minor changes to its popular F-150 full-size pickup truck for the 2025 model year.…
Mini cuts prices of its EVs by up to 29% in China to boost sales
Mini, a sub-brand of BMW Group, has recently announced limited-time discounts of up to 29 percent on two…