4, VW Group labor and management agreed to postpone the closure of its German plants for the time being, but to reduce production capacity by 734,000 units and cut employee numbers by 35,000 by 2030.   Labor and management have focused their discussions on three key issues critical to VW's future: overcapacity in Germany, reducing labor costs, and restoring competitiveness in development costs. VW claims to have established the basic conditions ...

Market & Tech Reports  Updated at: 2025/02/10

2% to 14.8% influenced by a drop in Germany (down by 26.6% y/y). Sales of PHVs fell by 4.1% y/y while deliveries of HVs grew by 18.9% y/y.   Many automakers, which have renovated their plant facilities and trained their employees to prepare for EV production in the future, are facing manufacturing overcapacity. Some companies decided or are considering reductions in their workforces.   Sales of electrified vehicles (EVs, PHVs and HVs) in Europe...

Market & Tech Reports  Updated at: 2024/12/25

wn in the second half of 2019 and the first half of 2020, resulting in higher-than-expected demand to lithium-ion battery manufacturers and a rapid expansion of production capacity in 2021-2022. In 2023, the production volume of each manufacturer increased rapidly and there was a trend seen towards overcapacity. Competition among lithium-ion battery producers is becoming more intense and complex due to the evolution of new battery design technolo...

Market & Tech Reports  Updated at: 2024/07/25

s 1) a 15% reduction in its salaried workforce; 2) the closure of its Lordstown and Detroit‐Hamtramck vehicle assembly plants in the US and Oshawa vehicle assembly complex in Canada; and 3) the closure of the Baltimore Operations and Warren Transmission plants. This strategy has helped to address overcapacity in North America as the market transitions from unprofitable Cars to higher‐margin SUVs and Pickups.Ford GroupAs part of its global res...

Market & Tech Reports  Updated at: 2019/09/11

d to follow later. Output of both derivatives is likely to be in the region of 5,000-8,000 units in 2017, rising to 17,000 in 2018. Other key new models for AvtoVAZ include a more robust version of the X-Ray, known as the X-Ray X (HGA), from 2018 and the X-Code crossover towards the end of 2020.   Overcapacity remains a massive issue in Russia. Total light vehicle capacity is estimated to be in the region of 3.3-3.5 million, meaning that capacit...

Market & Tech Reports  Updated at: 2017/05/12

, in 2017 Hyundai's new Chongqing Plant is scheduled to begin operations. Hyundai intends to thoroughly strengthen its internal controls in 2015 to prepare for quantitative growth from 2016 onward. As China's economic slowdown is apparent, there is also concern that the two new plants may result in overcapacity. In spite of this situation, Hyundai is still considering building a new plant in the U.S. too. Hyundai Vision G Concept exhibited at ...

Market & Tech Reports  Updated at: 2015/10/16

he long-term as fiscal and wage restraints slowly relax. Despite Spain's unemployment rate hovering near 28%, the country is expected to see moderate vehicle sales growth in 2013. Much of this is due to incentives from a government car scrapping scheme.      Several OEMs have started to address overcapacity problems in their Western European operations. In particular General Motors, Ford Motor, Volvo, and PSA announced plans to shut down vehi...

Market & Tech Reports  Updated at: 2013/10/10