Mass layoffs Sweep Across Czech Republic as Companies Restructure and Shut Down The Czech Republic is facing a wave of layoffs as dozens of companies announce notable workforce reductions this year. While some organizations are undergoing reorganization, others are shutting down long-standing operations entirely. Among the most notable closures is the Prague-based tire manufacturer Mitas, … Read more
Al-Arjani Group Unveils $1 Billion Investment Plan to boost Egypt’s Automotive and Tourism sectors In a bold move to strengthen Egypt’s economy, the Al-Arjani Group has announced a $1 billion investment plan targeting the automotive and tourism industries over the next five years. this ambitious initiative underscores the group’s commitment to enhancing Egypt’s position as … Read more
Indonesia Accelerates Electric Vehicle Adoption with Tax Incentives and Infrastructure Push Jakarta, January 13, 2025 – indonesia is doubling down on its commitment to teh electric vehicle (EV) revolution, with the government rolling out targeted tax incentives to boost adoption and production. Coordinating Minister for the Economy Airlangga Hartarto announced a 3% Sales tax … Read more
Tesla sales Miss Expectations Despite Record Quarter Table of Contents Tesla sales Miss Expectations Despite Record Quarter Trump Administration’s Potential impact on EV Tax Credits Tesla’s Sales Dip: A Sign of Things to Come or a Temporary Blip? Tesla’s fourth-quarter 2024 sales, while setting a new company record, fell short of analyst projections, sending ripples … Read more
Nissan Stock Takes a Dive Amidst Honda Merger Uncertainty Table of Contents Nissan Stock Takes a Dive Amidst Honda Merger Uncertainty Is Now the Right time to Buy a Car in the US? Used Car Market Trends New Car Market outlook Nissan Stock Volatility: Navigating uncertainty in the Honda Merger Nissan’s stock experienced a significant … Read more
Europe’s Auto Industry Crisis: Tightening Emission Standards Add to Troubles Teh European automotive industry is struggling. Major players like Volkswagen, BMW, and Stellantis (which owns Opel, Fiat, and Peugeot) are facing declining sales both within the EU and globally. This downturn isn’t just about competition from china and the U.S.; it’s also fueled by the … Read more
Visitors to the Polish resource Bankier.pl commented on the text about the ongoing problems of the German car industry. The resource reports that after Volkswagen, now Audi has announced a wave of layoffs, which is gaining momentum in the German car industry. Audi is reportedly planning to reduce its workforce by around 15%. In Germany … Read more
Ginebra. China complained this Monday to the World Trade Organization about the inappropriate application by the European Union (EU) of anti-subsidy tariffs on new electric vehicles manufactured in the Asian country. In its complaint, the Chinese diplomatic mission said that it “firmly opposes” the measures and insisted that it seeks to protect the electric vehicle … Read more
Berlin. Volkswagen has informed employee representatives that it intends to close at least three plants in Germany, the head of the automaker’s employee council said Monday. Daniela Cavallo reported at a meeting with Volkswagen workers at the company’s headquarters in Wolfsburg that management also plans cuts elsewhere, and vowed to resist the plans, German news … Read more
USA., The Republican candidate for the presidency of the United States, Donald Trump, threatened today to impose tariffs of up to 200 percent on vehicles imported from Mexico, this as part of the protectionist rhetoric in the trade of the neighboring country before the elections next November 5. On September 24, during a campaign speech … Read more