Tag: cuts
Mercedes cuts jobs in China to cope with ‘challenging’ market conditions
German luxury carmaker Mercedes-Benz has officially announced that it will be implementing job cuts in China, following recent…
German carmaker Porsche to implement additional job cuts by 2029
Porsche, a renowned carmaker and majority-owned by Volkswagen, has announced plans to lay off an additional 1,900 employees…
Arcfox cuts prices by up to 23% to boost sales
Arcfox, the electric vehicle (EV) arm of Beijing Automotive Group (BAIC Group), recently announced a significant reduction in…
Recycling lithium-ion batteries cuts emissions and strengthens supply chain
Stanford University Study Shows Recycling Lithium-Ion Batteries Has Lower Environmental Impact Than Mining Stanford University A recent study…
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…