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VW workers step up strikes to fight German plant closures

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• BMWG
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• CPRI
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Factbox-Global companies likely to be affected by Trump's promised tariffs

Donald Trump's proposed tariffs may affect major U.S. trading partners' automakers, suppliers, electronics, retail, and packaged goods companies, prompting strategic shifts in production and supply chain management.

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Analysis-China automakers pivot to hybrids for Europe to counter EV tariffs

Chinese automakers are boosting hybrid vehicle exports to Europe, sidestepping EU tariffs on electric vehicles, while addressing overcapacity at home and meeting rising demand for affordable hybrids.

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Factbox-Who are bankrupt Northvolt's creditors?

Northvolt, the Swedish EV battery manufacturer, filed for Chapter 11 bankruptcy on Nov. 21, listing $5.8 billion in debts and $30 million in cash.

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• GM
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GM to take more than $5 billion in charges on China operations

GM announces over $5 billion in non-cash charges regarding its China joint venture, reflecting restructuring and declining value amid increasing competition and losses in the region.

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Volkswagen recalls more than 4,600 vehicles in US over battery overheating concerns

Volkswagen recalls 4,616 U.S. vehicles due to high-voltage battery overheating risks. Affected models include Audi Q5 SUVs and A7s, with fixes available by Q2 2025.

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VW CEO clashes with workers as conflict over closures, pay deepens

Volkswagen's CEO and union leaders clashed over job cuts and plant closures, risking further strikes as negotiations continue amid competitive pressures and economic challenges.

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German firms' China market sentiment falls to record low, survey shows

Business sentiment among German companies in China is at a record low, with rising competition and a slowing economy impacting their outlook and investment plans.

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Factbox-Europe's embattled auto sector plans plant closures and layoffs

European automotive companies face challenges leading to plant closures and layoffs, driven by weak demand, rising costs, and increased competition during the transition to electric vehicles.

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Union says nearly 100,000 workers joined Volkswagen strikes across Germany

Almost 100,000 Volkswagen workers protested against wage cuts and potential plant closures, prompting threats of further industrial action as unions propose cost-saving measures.