In the struggle for the future of Europe’s largest car company, the positions of the works council and management are clashing. The employee representatives at Volkswagen have now presented their own plan on how, in their opinion, personnel costs can be reduced and excess capacity can be reduced. Shortly before the next round of negotiations… Continue reading German FAZ: No lazy compromises008195
Tag: VW
German FAZ: IG Metall threatens VW with unprecedented industrial action008194
The works council of the crisis-stricken Volkswagen Group wants to counter the board’s austerity plans with its own concept that does not involve plant closures or mass layoffs. As the works council chairwoman Daniela Cavallo announced at a press conference in Wolfsburg on Wednesday, “smart product distribution” could protect the core workforce. The workforce is… Continue reading German FAZ: IG Metall threatens VW with unprecedented industrial action008194
German FAZ: Sitting it out doesn’t help008195
Ford certainly didn’t operate very well with its model policy in Europe. Because it was costly to offer a car in every market segment, the group went to the opposite extreme: When production of the Focus model built in Saarlouis stops next year, five car models will still be offered in Europe, including a less… Continue reading German FAZ: Sitting it out doesn’t help008195
German Manager Magazine: Ford is cutting 4,000 jobs in Europe – 2,900 of them in Germany003750
The automobile company ford strokes in Germany massive jobs. In total, around 4,000 jobs should be lost in Europe by the end of 2027, 2,900 of them in Germany, the company announced on Wednesday. Most of the jobs are to be eliminated at the Cologne plant, 800 in Great Britain and 300 in other EU… Continue reading German Manager Magazine: Ford is cutting 4,000 jobs in Europe – 2,900 of them in Germany003750
Lotus embraces EREV hybrids as it axes all-electric plan
Lotus will produce hybrid versions of future models in response to the continued reluctance of luxury car buyers to move to EVs. The switch, confirmed by the brand’s CEO to reporters at recent Guangzhou motor show in China, means the brand is tearing up its current plan to go all-electric by 2028. Lotus will develop… Continue reading Lotus embraces EREV hybrids as it axes all-electric plan
Ford to cut 800 UK jobs as part of major European restructure
Ford will cut 800 jobs in the UK due to concerns about the “health” of its passenger car business. Those in admin, commercial and development roles are most at risk, rather than workers at its Dagenham engine factory or Halewood transmission plant, Ford confirmed. The car maker employs 5300 workers in the UK. The move is part of a… Continue reading Ford to cut 800 UK jobs as part of major European restructure
Aptiv PLC (APTV): A Bull Case Theory
We came across a bullish thesis on Aptiv PLC (APTV) on Rock and Turner Investment Analysis’ Substack by James Emanuel. In this article, we will summarize the bulls’ thesis on APTV. Aptiv PLC (APTV)’s share was trading at $52.93 as of Nov 15th. APTV’s trailing and forward P/E were 5.89 and 7.77 respectively according to Yahoo Finance.… Continue reading Aptiv PLC (APTV): A Bull Case Theory
@FCA: Chrysler Fuels Family Fun, Best-in-class Overall Cargo Volume With New Chrysler Pacifica FAV Edition
November 20, 2024 , Auburn Hills, Mich. – Family adventures are calling, and the Chrysler Pacifica is ready to deliver, giving even more reason to pack up and head out on the next fun-filled journey with the introduction of the 2025 Chrysler Pacifica Family Adventure Vehicle (FAV) Edition. Already the best-selling minivan in the U.S. in… Continue reading @FCA: Chrysler Fuels Family Fun, Best-in-class Overall Cargo Volume With New Chrysler Pacifica FAV Edition
@FCA: Canada Chrysler Fuels Family Fun, Best-in-Class Overall Cargo Volume With New Chrysler Pacifica FAV Edition
November 20, 2024 , Windsor, Ontario – Family adventures are calling, and the Chrysler Pacifica is ready to deliver, giving even more reason to pack up and head out on the next fun-filled journey with the introduction of the 2025 Chrysler Pacifica Family Adventure Vehicle (FAV) Edition. The new Chrysler Pacifica FAV Edition bolsters Pacifica’s already… Continue reading @FCA: Canada Chrysler Fuels Family Fun, Best-in-Class Overall Cargo Volume With New Chrysler Pacifica FAV Edition
Trending tickers: Nvidia, Nokia, Walmart, Volkswagen and British Land
Shares in chipmaker Nvidia were flat in pre-market trading ahead of the release of its highly anticipated third-quarter earnings after the bell on Wednesday. Nvidia has become a bellwether for gauging the strength of the global push in AI, with demand for its chips as an enabler of this trend continuing to drive the company’s… Continue reading Trending tickers: Nvidia, Nokia, Walmart, Volkswagen and British Land