Germany’s largest industry association, the Federation of German Industries (BDI), has made a new wage increase request to Volkswagen, demanding a 7% increase. The decision was made during the ongoing labor negotiations, and the Federation of German Industries said the increase reflects the current high inflation rate and the contribution of corporate employees in the face of economic recovery. According to reports, the wage increase request covers all Volkswagen employees, including production line workers, managers and R&D personnel. A spokesperson for the BDI pointed out in a statement: “In the current economic environment, ensuring that employees receive fair pay increases is essential to maintaining the stability of industrial […]
A few days ago, at the routine press conference held by the Ministry of Commerce, He Yadong, deputy director and spokesman of the General Office of the Ministry of Commerce, pointed out that in response to media questions, the European Commission collected the types of information in the survey of Chinese electric vehicles. The scope and quantity are unprecedented, far exceeding the required survey of the subsidy survey. In this regard, China will resolutely oppose that all necessary measures will be taken to strengthen the legitimate rights and interests of Chinese enterprises. At the press conference, some media asked: It […]
According to foreign media reports, Delta Electronics, a intelligent green solution provider based on the Internet of Things, announced a joint innovation laboratory with global semiconductor supplier Texas Instrument (TI). Combined with the innovative technologies and rich experience in the field of digital control and nitrogen (GAN), and the core competitiveness of Delta in the field of high -efficiency power electronics, this joint laboratory will not only deepen the long -term cooperative relationship between the two parties, but also enhance Taiwan Days the power density and efficiency of its own electric vehicle power system, strengthen its core competitiveness in the field of […]
Global automaker Stellantis announced that it will further cut its workforce to adapt to the ongoing transformation of the electric vehicle market. The company’s chief financial officer Natalie Knight revealed that the plan will focus mainly on the North American market and include measures to outsource some engineering work. Stellantis’ decision is part of its global cost-cutting plan to optimize production layout and improve competitiveness. With the rapid evolution of the automotive industry, especially the rapid development of electric and autonomous driving technologies, traditional automakers are facing unprecedented pressure to adjust to new market trends and new consumer demands. In Knight’s statement, Stellantis plans to implement this round […]
San Antonio, Texas, June 24, 2024 — Toyota has confirmed plans to invest $531 million in its assembly plant near San Antonio, Texas. This significant investment is aimed at producing “powertrain components” for the Tundra and Sequoia vehicles, creating over 400 new jobs in the region. Boosting Local Manufacturing Toyota’s investment will enhance its manufacturing capabilities in the United States, particularly in Texas, where the demand for its popular Tundra and Sequoia models continues to grow. The new facility will focus on producing advanced powertrain components, a critical aspect of vehicle performance and efficiency. Economic Impact The $531 million investment is expected to have a substantial economic impact […]
June 23, 2024 — Automotive News has released its 2024 ranking of the world’s top 100 automotive suppliers. Bosch, ZF Friedrichshafen, and Magna International secured the top three positions, respectively. Chinese companies made a significant presence on the list, with 15 companies featured, including five in the top 50. Contemporary Amperex Technology Co. Limited (CATL) impressively ranked fourth. Leading the Charge: Bosch, ZF, and Magna Bosch maintained its position at the top of the list, showcasing its dominance in the automotive supply industry through its extensive range of products and continuous innovation. ZF Friedrichshafen followed closely, known for its advanced driveline and chassis technology. Magna International rounded out the […]