Volkswagen Reduces Employee Salaries to Keep Factories Open
6 months ago
Volkswagen, one of the world's largest automotive manufacturers, has implemented salary cuts for its employees in an effort to keep its factories open amid growing financial difficulties. This news has reverberated throughout the automotive industry, as such measures can significantly affect the overall labor market and employee morale.
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Stellantis to Invest Over $35 Billion in Electric Vehicles by 2025
9 months ago
Automaker Stellantis has announced plans to invest over $35 billion in the development and production of battery electric vehicles (BEVs) by 2025. This investment will cover the construction of new manufacturing plants, upgrading existing facilities, and supporting new technologies aimed at accelerating the transition to fully electric transportation.
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