• VOWG_p

Talks between VW, unions over cuts continue into Wednesday, sources say

Volkswagen and unions are negotiating potential cuts to German operations, with discussions continuing overnight as they aim to reach an agreement before Christmas.

• HMC
• NSANY
• STLA
• STLAM
• TM
• TSLA
• VOWG_p

Factbox-How Nissan and Honda stack up against each other

Honda and Nissan are considering a merger to strengthen their competitiveness against Tesla and Chinese rivals, aiming to become the world's third-largest auto group.

• VOWG_p

VW, unions resume last-ditch round of talks for the year on cost cuts

Volkswagen management and unions are in crucial talks over cost cuts, with unions opposing plant closures and threatening strikes if no agreement is reached this week.

• BARC
• RENA
• STLAM
• VLVLY
• VOWG_p

Europe's carmakers discount EVs, hike petrol car prices as new emissions rules loom

European automakers are raising petrol car prices and offering EV discounts due to new EU emissions regulations, which require a significant increase in electric vehicle sales to avoid hefty fines.

• VOWG_p

Lamborghini delays first EV launch to 2029 as market not ready, CEO says

Lamborghini will launch its first electric model in 2029, delaying from an earlier 2028 target, as the market is not ready for full electrification yet.

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• VOWG
• VOWG_p

Porsche shares slip as 2024 guidance withdrawn amid expected impairment losses

Porsche withdraws 2024 profit guidance due to expected impairments in Volkswagen AG and Porsche AG investments, now anticipating a negative group result after tax.

• VOWG_p

VW union says compromise must be struck in last-ditch talks before Christmas

Volkswagen's unions demand negotiations avoid redundancies or plant closures, threatening strikes if no agreement is reached before Christmas. Over 100,000 workers protested last week over wage cuts.

• CRARY
• ENT
• FCHI
• P911_p
• SCGLY
• STOXX
• VOWG_p

French stocks lead declines in Europe after Moody's downgrade, PMI data

French stocks dropped after Moody's downgrade, impacting banks and markets across Europe, while easing business activity signs failed to reassure investors amid economic concerns.

• GM
• TM
• VOWG_p

US EPA says it has not made decision on California 2035 vehicle waiver

• VOWG
• VOWG_p
• VWAGY

Porsche withdraws guidance as it expects up to €20B impairment charge

Porsche Automobil Holding SE withdraws its 2024 earnings forecast due to expected non-cash impairment losses on investments in Volkswagen and Porsche AG, estimating losses between €8 billion and €22 billion.