{
Daniela Cavallo

People

}
European Auto Industry Faces Crisis as Volkswagen and Stellantis Struggle
The European automotive sector is facing significant challenges, with declining sales, job cuts, and labor unrest as companies like Volkswagen and Stellantis struggle to adapt to tighter regulations and shifting market demands. Analysts predict a tumultuous 2025, exacerbated by potential trade wars and stagnant EV demand, leading to unprecedented factory closures and employee protests. The situation reflects a broader economic downturn, with the auto industry’s struggles impacting Germany's economy and political landscape.
CleanTechnica
United States Dollar Euro Volkswagen AG Stellantis N.V. DEU USA CHN Henri de Castries Daniela Cavallo Daniel Roeska Patrick Hummel John Elkann Carlos Tavares Show more
Finance & Economy, Market Report
00:21 08.12.2024
ubs lowers vw price target amid major warning strikes by employees
UBS has reduced its price target for Volkswagen from 84 to 75 euros, maintaining a "Sell" rating, citing ongoing pressure on operating profit and cash flow. Meanwhile, nearly 100,000 VW employees participated in warning strikes organized by IG Metall, protesting against proposed wage cuts and job losses, signaling strong workforce resistance ahead of upcoming collective bargaining on December 9.
finanzen.net
Euro Volkswagen AG DEU Patrick Hummel Daniela Cavallo
TradFi, Market Report
18:57 03.12.2024
vw labor leaders propose 1.5 billion euros in cost cuts
Volkswagen AG"s labor leaders have proposed €1.5 billion in cost cuts as the company seeks to implement significant savings amid ongoing challenges. Works council chief Daniela Cavallo suggested suspending parts of bonuses for workers, executives, and board members, contributing to management"s goal of €17 billion in overall reductions.
bloomberg.com
Euro Volkswagen AG DEU Daniela Cavallo
Finance & Economy, News Article
10:35 20.11.2024
volkswagen faces potential factory closures and significant job cuts amid financial struggles
Volkswagen faces significant challenges, including plans to close up to three factories amid declining sales in key markets like China and the US. The Works Council is poised to resist management's proposed job cuts and pay reductions, citing the company's recent €22 billion dividend payouts to shareholders as a point of contention. As negotiations with labor unions begin, the company is at a critical juncture, with its future profitability uncertain.
CleanTechnica
Euro Volkswagen AG CHN DEU USA Ian Greer Daniela Cavallo Show more
Finance & Economy, News Article
21:47 29.10.2024
Migros launches price cuts to compete with discount retailers in Switzerland
Migros plans to reduce prices on over 1,000 products by 2025 to regain market share from discounters like Aldi and Lidl, alongside opening 140 new stores by 2030 with a CHF 2 billion investment. The Zurich University of the Arts has ended its partnership with a military-affiliated Chinese university due to legal and operational concerns. Volkswagen is set to close three plants in Germany, risking tens of thousands of jobs, while Donald Trump faced backlash for controversial remarks during a New York campaign event. Gérard Depardieu's sexual harassment trial has been postponed due to health issues, with a new court date set for March.
Tages-Anzeiger
Swiss Franc Novartis AG UBS AG Swiss Post Insurance AG FRA USA CHE DEU Gérard Depardieu Thomas D. Meier Karin Mairitsch Daniela Cavallo Show more
Finance & Economy, News Article
17:00 28.10.2024
volkswagen plans layoffs and pay cuts amid german plant closures
Volkswagen is planning significant layoffs and a 10% pay cut for employees as part of a strategy that includes closing three factories and downsizing others in Germany. The company's works council estimates that workers could face an overall pay reduction of approximately 18% through 2026, alongside wage freezes in 2025 and 2026.
CNBC
Euro Volkswagen AG DEU Daniela Cavallo
Finance & Economy, News Article
11:43 28.10.2024
volkswagen plans major plant closures and job cuts amid financial struggles
Volkswagen plans to close at least three plants in Germany and cut tens of thousands of jobs amid ongoing restructuring efforts due to high operational costs and weak sales performance. The company has faced two profit warnings in 2024, with a return on sales of just 2.3 percent for its core brand, the lowest among its group. Tensions are rising as management seeks wage cuts while the works council prepares for potential resistance.
nzz.ch
Euro Volkswagen AG ESP DEU JPN Stephan Weil Thomas Schäfer Oliver Blume Olaf Scholz Daniela Cavallo Show more
Finance & Economy, News Article
11:05 28.10.2024
Volkswagen plans significant job cuts and plant closures in Germany
Volkswagen plans to close at least three plants in Germany and cut tens of thousands of jobs, as confirmed by the Group Works Council Chairwoman, Daniela Cavallo. The company is also considering compulsory redundancies and downsizing all remaining sites, with the Osnabrück plant particularly at risk. IG Metall has criticized these plans, calling them unacceptable, while negotiations over wage agreements continue amid demands for pay cuts and savings.
Neue Zürcher Zeitung
Euro Volkswagen AG DEU Daniela Cavallo Thorsten Gröger
Finance & Economy, News Article
11:05 28.10.2024
Trending
Subcategory:
Cryptocurrency Markets Stock Market Updates Central Bank Actions Cryptocurrency Trends Market Sentiment Analysis Corporate Responsibility & ESG Banking Regulations Decentralized Finance (DeFi) Innovations Cryptocurrency & Blockchain Regulations Inflation Rates & CPI Data Cryptocurrency Regulations Mergers & Acquisitions Tokenomics and Crypto Economics Market Analysis and Predictions Blockchain Technology Adoption Foreign Exchange Rates Anti-Money Laundering (AML) Regulations Funding Rounds & Investments Hedge Funds & Private Equity AI Applications
Countries:
USA CHE JPN DEU CHN AUS IND GBR HKG KOR SGP TWN RUS THA FRA CAN AUT ITA BRA SAU
Companies:
Apple Inc. Solana USD Credit Suisse Real Estate Fund Siat Ripples USD Coinbase Global, Inc. BlackRock, Inc. NVIDIA Corporation Ethereum USD MicroStrategy Incorporated Tesla, Inc. Chainlink USD Volkswagen AG Cardano USD MicroStrategy Inc Hon Hai Precision Industry Co., Ltd. Google Inc. Bitwise Bitcoin ETF Nestlé S.A. Amazon.com, Inc. Microsoft Corporation
Currencies:
United States Dollar Euro Swiss Franc Japanese Yen Australian Dollar Chinese Yuan British Pound Sterling South Korean Won Singapore Dollar Indian Rupee Malaysian Ringgit Canadian Dollar Colombian Peso Hong Kong Dollar Seychellois Rupee Philippine Peso Armenian Dram Russian Ruble
People:
Donald Trump Ali Martinez Elon Musk Jerome Powell Michael J. Saylor Paul Atkins David O. Sacks Charles Hoskinson Gary Gensler Joe Biden Patrick Hummel Sriram Krishnan Bo Hines Wiley Nickel Karin Keller-Sutter Bill Gates Fred Thiel Jack Dorsey Jacob King Brian Armstrong

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Links

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Save settings
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.