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…
Electric Cars: sales plummet by 27.4% in Germany in 2024
The German automotive market represents, on a European scale, the largest market. However, last year, electric car sales literally collapsed across the Rhine, with a drop of 27.4% compared to 2023. Thus, the industrial players in the European automotive market, already in crisis, could face even more difficulties in…
Volkswagen Group: 35,000 job cuts without factory closures
Announced in late October, the restructuring plan of Volkswagen Group has just been made official. Initially, three factory closures were considered, according to statements made at the time by the union representative and chairwoman of the Volkswagen works council, Daniela Cavallo. However, this will not be the case.…