Porsche: 1,900 job cuts in Germany
The economic crisis hitting the European automotive market is forcing Porsche to approve a social plan. 1,900 jobs will be cut in Germany through voluntary departures, such as early retirements, by 2030. The automaker, part of the Volkswagen Group, will also invest 800 million euros in the development of thermal and…
Europe: in 2035, plug-in hybrid cars are expected to be authorized for sale by the EU
2035 is just 10 years away, and you are not without knowing that, starting from January 1, 2035, the sales of new thermal and hybrid cars are expected to be banned in Europe. However, under pressure from automakers who are not selling enough electric cars and who must face an increasingly strict CAFE (Corporate…
Europe: Ursula von der Leyen promises an action plan to help car manufacturers
As of now, the European Commission does not intend to reconsider its regulation that will ban the sale of new combustion and hybrid cars in Europe from January 1, 2035. However, a review clause is scheduled to be examined in 2026. But, faced with the growing difficulties encountered by European car manufacturers, due…