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All articles tagged with #automotive industry

VW trims model lineup as sales slump deepens, hit by China
business22 hours ago

VW trims model lineup as sales slump deepens, hit by China

Volkswagen posted a 8.6% Q2 sales drop to about 2.1 million vehicles, with China down more than a third, as it announced a plan to cut its model lineup by up to half to reduce complexity and overcapacity. Core VW deliveries fell about 14%, Audi down 8%, and Porsche down 18%, while Lamborghini, Skoda and the trucks unit rose. The move comes amid geopolitics, tariffs and regulatory pressures, prompting skepticism from analysts and protests at the Zwickau plant where production has shifted to EVs.

via ABC News - Breaking News, Latest News and Videos|
#automotive-industry#business#china
VW Group Slashes Lineup by Half, Trims Options, Sets 9 Million-Aunit Target
business1 day ago

VW Group Slashes Lineup by Half, Trims Options, Sets 9 Million-Aunit Target

The VW Group announced an immediate, sweeping downsizing: cut its model lineup by up to 50% and reduce available options by up to 75%, while limiting annual production to nine million units. Several models have already been dropped across brands (Touareg, Touran, T-Roc Convertible; Audi A1, Q2, TT, R8, Q8 E-Tron; Porsche 718 Boxster/Cayman; Macan). The plan signals a focus on the most profitable, high-value products, with upstream talk of plant closures and larger layoffs circulating but not officially confirmed. The shift follows post-COVID capacity reductions from around 12 million to 9 million and represents a radical reorientation for the group across VW, Audi, SEAT, Cupra, Skoda, Porsche, Bentley, and Lamborghini.

via Motor1.com|
#automotive-industry#business#model-lineup
VW to Cut About 100,000 Jobs in Major Restructuring Push
business14 days ago

VW to Cut About 100,000 Jobs in Major Restructuring Push

VW plans to cut about 100,000 jobs globally—roughly one-sixth of its workforce—as part of a major restructuring to boost competitiveness amid weak demand and fierce Chinese competition; if realized, it would rank among the largest layoffs in business history. The move faces potential obstacles from Germany's labor rules and comes as VW's per-employee output trails Toyota's, underscoring the pressure to slim costs. The company says the industry is transforming and the group must realign to stay competitive, with the U.S. Chattanooga plant noted in the broader strategy.

via Axios|
#automotive-industry#business#china
VW plans 100,000-job cut and four plant closures in sweeping overhaul
business14 days ago

VW plans 100,000-job cut and four plant closures in sweeping overhaul

Volkswagen reportedly aims to cut about 100,000 jobs (roughly 15% of its workforce) and end production at four German plants (Hanover, Zwickau, Emden, and Audi’s Neckarsulm) as part of a broader five-year cost-cutting plan that includes roughly 130 billion euros in capex reductions. The move comes amid intensifying competition from Chinese brands and faces pushback from unions and the Works Council, though VW says decisions will be made by governing bodies and that a 2024 agreement to avoid factory closures and compulsory redundancies until 2030 remains in place.

via CNBC|
#automotive-industry#business#cost-cutting
Rivian's R2 Could Boost the Stock if It Sells
investing1 month ago

Rivian's R2 Could Boost the Stock if It Sells

Rivian is ramping up for a mass-market R2, expanding capacity and backed by VW cash as it seeks profitability through scale. The R2’s reception will largely determine the stock’s fate; with shares down roughly 90% from highs and EV competition intensifying, risk is high. Investors should wait for early R2 sales data unless they’re willing to bet that the new model unlocks strong demand and lowers per-vehicle costs.

via The Motley Fool|
#automotive-industry#evs#investing
Sedan Comeback Gains Ground as Teens Favor Efficiency Over SUVs
business1 month ago

Sedan Comeback Gains Ground as Teens Favor Efficiency Over SUVs

Automakers are signaling a potential sedan revival as SUV fatigue grows. Sedans remain cheaper and more fuel-efficient than SUVs across compact and midsize segments, while a Teens Forward study shows 51% of teens expect to drive sedans in the future. Executives from Ford, GM, Honda and Infiniti hint at renewed sedan activity, arguing that the traditional car’s lower cost and driving engagement could reintroduce a viable, appealing option in a market currently dominated by crossovers.

via Carscoops|
#automotive-industry#business#fuel-economy
Oil Crunch Forces Nissan to Gate Oil Supply and Pick Winners at The Dealerships
business1 month ago

Oil Crunch Forces Nissan to Gate Oil Supply and Pick Winners at The Dealerships

Nissan is reportedly rationing its Nissan-specific 5W-30 and 0W-20 synthetic oils, slash­ing dealership supplies to about 70% and 55% of last year’s levels, and instructing dealers to prioritize warranty, recall, and prepaid maintenance uses. Toyota faces similar substitution guidance, as base-oil shortages threaten broader supply chains; industry groups warn Gulf-region Group III base oils could run dry by June and the shortage could persist into 2027, risking new-vehicle production.

via Carscoops|
#automotive-industry#business#motor-oil
GM cuts hundreds of IT jobs worldwide in tech-organization reshuffle
business1 month ago

GM cuts hundreds of IT jobs worldwide in tech-organization reshuffle

General Motors is laying off 500-600 IT workers globally, including in Michigan, as part of a reorganization to align the IT function with new skill requirements and reduce overlap. GM previously cut about 200 CAD engineers at its Warren tech center in Oct 2025, and says affected employees will be supported during the transition; Bloomberg was the first to report the layoffs.

via Detroit Free Press|
#automotive-industry#business#general-motors
Trump to hike EU car tariffs to 25%, widening US-EU trade rift
world2 months ago

Trump to hike EU car tariffs to 25%, widening US-EU trade rift

President Trump said he will raise tariffs on cars and trucks imported from the EU to 25% next week, up from 15%, accusing the bloc of not complying with a fully agreed trade deal. He urged European carmakers to shift production to U.S. plants to avoid tariffs and highlighted heavy investment in U.S. manufacturing, signaling a sharp escalation in US-EU trade tensions amid stalled talks on steel and aluminum. The car tariffs operate under a different legal process than the previously ruled Liberation Day tariffs by the Supreme Court.

via BBC|
#automotive-industry#tariffs#trade-deal
Dreaming of a Peugeot Supercar: A QOTD Debate
technology2 months ago

Dreaming of a Peugeot Supercar: A QOTD Debate

A reader‑driven QOTD asks which automaker should build a new supercar, listing options from Bugatti and Lamborghini to Lucid, Toyota, Kia, GMC and Land Rover. The author personally hopes Peugeot brings a supercar, citing its endurance-racing pedigree (three Le Mans wins, 9X8) and past mid‑engine concepts (Quasar, Proxima, Oxia, Onyx) as precedent, and suggests the 9X8’s hybrid V6 could underpin a production model, inviting readers to share ideas.

via Jalopnik|
#automotive-industry#concept-car#le-mans