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Volkswagen is weighing whether to close factories in Germany for the first time in its 87-year history as it moves to deepen cost cuts amid rising competition from China’s electric vehicle makers.

‘A very serious situation’: Volkswagen could close plants in Germany for the first time in history

Volkswagen — Europe’s largest automaker — is running out of time to turn itself around, according to its finance chief, as the German firm faces its first-ever factory shutdown. Suggested Reading. Arno Antlitz on Wednesday told a hall of thousands of workers, and more watching on screens...

The clock is ticking at Volkswagen

Stellantis STLA and its 14 international car brands have been having a rough time of it recently. Jeep has witnessed plummeting sales in America, struggling marques have been threatened with the chop in Europe and the heir to the Chrysler family has warned that he is the only person who can save the brand. Now, Stellantis has hit back at such fearmongering, claiming that it’s not for sale and it’s committed to all 14 of its brands.

Stellantis is sticking with Chrysler — and all of its 14 brands for that matter

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!. Volkswagen dropped a bombshell on the German economy over the weekend. According to Bloomberg, it is considering closing some factories in Germany for the first time in its 87-year history, a move that risks a feud with unions. If it decides to do so, it will expose the deep woes roiling Europe’s auto industry. After years of ignoring overcapacity and slumping competitiveness, the German auto giant’s moves are likely to kick off a broader reckoning in the industry. The reasons are clear — Europe’s efforts to compete with Chinese rivals and Tesla in electric cars are faltering. The proposed factory closures are intended to save the company about $10 billion in the near future.

Volkswagen Considers Closing Factories In Germany

The new Navara will compete with the Ford Ranger and Toyota Hilux, launching later this year. The next-gen pickup truck boasts a boxier design, enhanced tech, and a more comfortable interior. Chinese prototypes hint at multiple powertrains, including diesel, hybrid and electric options. Nissan’s current-generation D23 Navara mid-size pickup truck,...

2026 Nissan Navara: What We Know About The Chinese Pickup That Might Go Global

The Volkswagen ID.4 may not be my favorite EV in its class, but VW has sold a ton of them. That means there are plenty of cheap used examples, many of which qualify for a $4,000 federal used clean vehicle tax credit. While it may not have the range or...

Used Volkswagen ID.4s Are Getting Really Cheap

Chrysler, once a titan of American automotive manufacturing, has fallen on hard times under Stellantis ownership. The brand’s dramatic decline is most evident in its product lineup, now reduced to a solitary model: the Pacifica minivan. This stands in stark contrast to the brand’s former glory days, exemplified by...

Chrysler’s Decline Under Stellantis: From a Dominant American Brand to a Struggling Automaker Facing an Uncertain Future

USA TODAY

Activist Robby Starbuck is claiming credit for Ford's DEI backtrack after Jack Daniel's, Harley-Davidson and John Deere also scaled back DEI efforts.

Ford becomes latest high-profile American company to pump brakes on DEI

Unless you’ve been living under a rock, I’m sure you’ll be aware that multi-million-dollar cars require eye-watering amounts of money just for simple maintenance and servicing, especially if it’s a Bugatti. Over the years, we’ve had many Bugatti owners tell us how insanely expensive it is to own a hypercar. While a 27-year-old recently claimed that his $4 million Bugatti Chiron Pur Sport Carbon goes a mere 62 miles on a full tank of fuel, renowned entrepreneur and influencer Manny Khoshbin has given a detailed account of the ownership cost of his Veyron in the past. He claimed that all fluids have to be changed each year, and that costs a whopping $25,000.

The owner of a $1.7 million Bugatti Veyron was shocked when the official service center quoted him $12,000 to replace a faulty door mirror switch. The clever owner took it to a supercar specialist who swapped it with an identical part from a Volkswagen van, which cost just $1.

24/7 Wall St.

GM's layoffs may seem benign, as white-collar job cuts are often a sign that companies can do more with less, but they are also a sign of trouble.
The post GM Layoff Warning to Car Industry appeared first on 24/7 Wall St..

GM Layoff Warning to Car Industry

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NewsNinja

A woman says she overheard Texas Roadhouse corporate managers plotting to terminate an employee who is in the intensive care unit (ICU) by baiting her husband with a fake benefits package. The story has sparked outrage in a now-viral TikTok.

Woman catches Texas Roadhouse managers allegedly scheming to terminate an injured worker

While many automakers have been aggressively developing all-electric vehicle models, Toyota has been taking it slow. Despite being the pioneer of the model first synonymous with hybrid-electrics – the Prius – Toyota has barely dipped a toe in the EV market, releasing just one model in North America, the bZ4X. Instead the Japanese automaker has focused on what it refers to on its website as “the power of choice.” This adds hybrids, plug-in hybrids, fuel cell EVs and, of course, traditional internal combustion options.

Toyota Could Be First Automaker to Fully Ditch Gas-Only Cars

Reuters

QUITO (Reuters) - General Motors' factory in Ecuador will shutter production on Friday amid pressure from local competitors, but will still sell vehicles in the Andean country.

General Motors Ecuador factory closes doors for good

(Reuters) - Volkswagen said it plans to end its job security programme -- which has been in place since 1994 and prevents job cuts until 2029 -- as it faces pressure from Asian competitors.

Factbox-Which Volkswagen factories in Germany could be affected by layoffs?

BioAge Labs, a biopharmaceutical startup focused on obesity drugs and an Eli Lilly LLY collaborator, filed for an initial public offering on Tuesday, according to a filing with U.S. Securities and Exchange Commission. Suggested Reading. Only a third of America's millionaires actually feel 'wealthy'. The filing comes as investors have...

A new weight loss drug from an Eli Lily partner targets the elderly

Amazon AMZN plans to install more of its Just Walk Out technology at NFL stadiums and college campuses throughout the U.S. the fall, the company said in a statement on Tuesday. Suggested Reading. The move is intended to help fans and university students “skip the checkout line,” allowing quicker returns...

Amazon is adding more 'Just Walk Out' stores to NFL stadiums and college campuses

China’s leading EV maker, BYD, is making big moves to gain a foothold in Europe. BYD’s latest deal could spell big trouble for Volkswagen in Germany. BYD is taking over its distributor in Germany, allowing it to sell its cars directly in Europe’s largest auto market. On...

BYD’s bold move in Germany could spell big trouble for Volkswagen

If you see what automakers dominate the sales charts in the United States, it will mostly be composed of Asian and American brands. The Japanese, in particular, have been dominating the automotive sales charts in the United States. Take the trucks away from the big three Americans, and the Japanese brands in particular will be the most popular in the United States.

The Most Underrated Japanese Auto Brand

The company’s boss has previously said Germany is losing competitiveness with overseas rivals. VW’s works council chief says she will mount “fierce resistance” to any proposed closures. The IG Metall union has criticized for VW for not investing enough in hybrids. Volkswagen is pondering the possibility...

VW Faces Union Fury Over Proposed Factory Closures

Foreign automakers have dominated China’s car market for decades, selling millions of vehicles and raking in enormous profits. That golden era is now coming to an abrupt end.

The ‘glory days’ for global automakers in China are over

NewsBreak

VW has never closed a plant in Germany. That may be about to change

Volkswagen VWAGY, one of the biggest carmakers in Germany, may do something it hasn’t done in its 87-year history: close plants in Germany. The unprecedented move...

VW has never closed a plant in Germany. That may be about to change

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