• VOWG_p

Volkswagen calls for 10% pay cuts

Volkswagen proposes 10% pay cuts for workers to stay competitive, responding to IG Metall's request for a 7% raise and reinstated agreements, claiming it cannot meet those demands.

• VOWG_p

VW proposes 10% pay cut to tackle crisis

Volkswagen plans a 10% wage cut to address weak demand and high costs, with further negotiations scheduled for November 21.

• NSANY
• RENA
• VOWG_p

Nissan may partner with Renault on new small EV for Europe

Renault collaborates with Nissan on an electric Twingo to enhance affordable EV offerings against Chinese competition. Ampere targets advanced battery development by 2028.

• VOWG_p

Euro zone grows quicker than expected but outlook remains weak

The euro zone's economy grew 0.4% last quarter, but challenges like trade tensions and tariffs threaten future growth and stability amid ongoing industrial stagnation.

• AML
• CAPP
• CL
• DE40
• FCHI
• GOOGL
• LCO
• MSFT
• SCBFF
• UBSG
• UK100
• VOWG_p

European stocks retreat despite positive growth data; UK budget due

• VOWG_p

Volkswagen third-quarter profit slumps as major overhaul looms

Volkswagen's third-quarter profit fell 42% due to weak passenger car performance and high costs, with ongoing tensions over plant closures and wage cuts amidst union negotiations.

• VOWG_p

VW and workers face off in second round of talks over pay and plants

Volkswagen and unions clash over plant closures and layoffs amid rising costs and competitive pressures, threatening potential strikes in response to management's drastic proposals.

• TSLA
• VOWG_p

EU slaps tariffs on Chinese EVs, risking Beijing backlash

The EU plans to impose tariffs up to 45.3% on Chinese electric vehicles, igniting trade tensions, while Germany opposes the move amid debates on fairness and competition.

• VOWG_p

Volkswagen's Audi in talks with potential investor for Brussels site

Audi is negotiating with a potential investor for its struggling Brussels plant, which may close due to low demand for electric vehicles, impacting approximately 3,000 jobs.

• VOWG_p

German car industry transformation could cost 186,000 jobs by 2035, study finds

A study reveals the German car industry may lose 186,000 jobs by 2035, primarily due to the shift to electric vehicles and increasing competitiveness challenges.