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THURSDAY, 21 NOVEMBER 2024, 15:06

Top Stories

Ford to cut European jobs as EV shift, Chinese rivals take toll

Today at 07:22 AM, via Times Live

Ford said on Wedneday it would cut about 14% of its European workforce, blaming losses in recent years due to weak electric vehicle demand, poor government support for the EV shift and competition from subsidised Chinese rivals.

VW union proposes €1.5bn of cuts, but no plant closures

Today at 07:22 AM, via Times Live

Volkswagen workers offered on Wednesday to back €1.5bn (R29.01bn) in cost savings if it rules out closing plants in Germany, but warned the carmaker would face a historic battle if it pressed ahead with swingeing cuts.

European car sales flat in October, EVs gain ground: ACEA

Today at 07:22 AM, via Times Live

New car sales in Europe were flat in October, after falling for two consecutive months, industry data showed on Thursday, while the transition to fully electric or hybrid models gained ground in the month.

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