with deliveries starting in 2023. Ferrari is increasing depreciation and amortization in line with the start of production of new models. Industrial free cash flow generation is sustained by Daytona SP3 advances collection. Ferrari announced on March 28 that all Ferrari employees received a special bonus, linked to the record financial results of the three year period, 2010 to 2012. Apart from their usual salary, there was an additional amount, e...

OEM Plants  Updated at: 2025/10/30

on at the St. Catharines Propulsion Plant as part of a four-year agreement reached on September 19 with the Canadian autoworkers union Unifor, according to unnamed sources. General Motors plans to invest CAN 554 million over the next four years in Canadian plants and pay workers a CAN 6,000 signing bonus under a new contract ratified by 4,000 Unifor union members on September 25. On January 15, GM Canada told the federal and Ontario governments t...

OEM Plants  Updated at: 2025/10/27

cluding up to 72,300 charging and battery swap stations. Germany   New vehicle sales in September were 236,000 units, reflecting an increase 12.8% y/y (up 13.7% m/m).   Sales volume in September 2024 was low due to a backlash from last-minute demand following the abolition of the EV environmental bonus at the end of 2023, and there was one more business day in September this year than last year. Additionally, the effects of the new incentives f...

Market & Tech Reports  Updated at: 2025/10/27

ged 31.9% to 45,495 units with a 19.3% share, LPG-powered cars increased 15.9% to 891 units with a share of 0.4% and diesel cars fell 7.2% to 28,871 units with a share of 12.3%.In addition to the low sales volume in September 2024 as a rebound from the last-minute demand before the EV environmental bonus is abolished at the end of 2023, the fact that there was one more business day in September also helped. In addition, the new incentives for EVs...

Automotive Sales Data  Updated at: 2025/10/21

l the benefits of its combustion-engine siblings plus the additional advantages of emissions-free, silent travel the Zafira-e Life is available in Germany at a list price of only EUR 53,800 (RRP including VAT, Zafira-e Life M Selection). This sum is reduced to EUR 45,825 thanks to the environmental bonus in Germany. On October 2, Citroen announced that new Citroen e-SpaceTourer continues the brand’s electric revolution, offering zero-emissions ...

OEM Plants  Updated at: 2025/10/15

ed 31.9% to 45,495 units with a 19.3% share, LPG-powered cars increased 15.9% to 891 units with a share of 0.4% and diesel cars fell 7.2% to 28,871 units with a share of 12.3%. In addition to the low sales volume in September 2024 as a rebound from the last-minute demand before the EV environmental bonus is abolished at the end of 2023, the fact that there was one more business day in September also helped. In addition, the new incentives for EVs...

News  Updated at: 2025/10/07

decided to implement an early retirement scheme, targeting its non-manufacturing workers who are 40 years old or older and have five or more years of service with the company. There is no set duration or goal in terms of the number of applicants to the program. Jatco will offer an early retirement bonus and outplacement assistance to the applicants. A company spokesperson stated that it had been anticipated that the shift to electrically powered...

Major Suppliers  Updated at: 2025/09/25

's Plymouth, Michigan, plant ratified a new labor deal — their first since voting to join the UAW in 2023. Around 200 workers at the plant will receive raises of up to 51% over three years as part of the contract, which 96% of voting members approved. Workers will receive a USD 2,250 ratification bonus, and many will see their wages rise by USD 9 per hour over the life of the deal, the union said. Webasto's Plymouth facility makes convertible s...

Major Suppliers  Updated at: 2025/09/22

France announces additional bonus for purchase of EV meeting European production criteria On September 8, the French Government announced the introduction of an exceptional additional bonus of EUR 1,000 for the purchase of environmentally friendly electric vehicles, provided they are assembled in Europe and equipped with a European battery. It will start on October 1, 2025. This bonus is in addition to the ecological bonus financed by the energy ...

News  Updated at: 2025/09/11

Joyson Safety Systems, producer of security systems for the automotive industry, closed its plant in Matamoros, Mexico, after having suffered from work stoppages that began in January due to the 20/32 workers movement in the area. The 20/32 movement, which demanded a wage increase of 20% and annual bonus of MXN 32,000, arose after workers in Matamoros complained that companies eliminated benefits after fulfilling Mexican President Andres Manuel L...

Major Suppliers  Updated at: 2025/08/28

Irizar Mexico Coach and city bus: i5 (2009-), i6 (2012-), i8 (2015-), i6S (2019-) Irizar's production plant in Mexico - Established in 1999 Irizar Mexico workers strike over bonus and profit sharing dispute On April 22, workers at Irizar’s bus manufacturing plant in Querétaro, Mexico, initiated a labor strike demanding payment of a contractual bonus and profit-sharing rights. Approximately 450 to 615 employees participated in the strike, ci...

OEM Plants  Updated at: 2025/08/22

ebla, Mexico in order to readjust its workforce. VW had offered a two-year temporary leave, in which workers would receive one full year of salary and benefits, and return to the same or a similar position, a definitive voluntary retirement with a settlement equivalent to 200% of their salary and a bonus of USD 20,000, or a transfer to the Audi plant in San Jose Chiapa or the engine plant in Silao with no guarantee of permanent work. The General...

OEM Plants  Updated at: 2025/08/21

ill not be affected as there will be a significant overtime to catch up. On October 17 Toyota announced that its Prospecton plant stopped production due to a shortage of parts supply. Workers at Durban plant of Toyota Boshoku, a supplier and seats and door panels, went on strike requesting a R1,500 bonus for all 480 workers, which has resulted in a suspension of production. The plant suspended operations in the morning of October 17, affecting 70...

OEM Plants  Updated at: 2025/08/19

production is up to full speed, as many as 130,000 vehicles per year can in the future be produced in Hannover. On May 18, Volkswagen announced pre-sales of the new ID. Buzz and ID. Buzz Cargo starts in Germany and most European markets on May 20, 2022. Without taking into account the environmental bonus in Germany, the gross list price for ID. Buzz Pro is EUR 64,581 (in Germany) and ID. Buzz Cargo is EUR 54,430 (in Germany). The first vehicles w...

OEM Plants  Updated at: 2025/08/08

rom crushed fingers, hands or belongings with its anti-pinch protection. The smart autonomous door is in continuous communication with the integrated static obstacle detection. If the sensors identify a stationary obstacle, then the intelligent door automatically stops the opening process. An added bonus is the continuously variable gap angle. The intelligent door supports smooth opening in any position without snapping into place at all. Despite...

Major Suppliers  Updated at: 2025/07/29

500 workers who usually work the following 12-8 A.M. shift did not clock in and, instead, went on strike in the factory's courtyard. The factory produces 1,400 cars per day. The strike went on for 12 days to May 27. A total of TRY 1,000 will be paid to all workers within one week and also a TRY 600 bonus will be paid each month until the end of the 2015. The management of the factory promised a wage hike within one month and none of the workers w...

OEM Plants  Updated at: 2025/07/17

production at Landaben for new electric models Volkswagen Navarra plant expands to accommodate new EV production VW Navarra stops production due to Valencia flood impact on suppliers, aims to resume soon VW Navarra proposes 2025 production calendar with ERTE, shift closures, and union requests for bonus payments VW Navarra, Spain and unions signs on ERTE Agreement for 2025 VW Navarra adjusts 2025 production forecast as EV integration reduces cap...

OEM Plants  Updated at: 2025/07/11

roblems with safety at the plant, citing twice monthly inspections for compliance with occupational safety measures. Tesla's management at Gigafactory Berlin announced on November 3 that the plant’s 11,000 workers will receive a 4% wage raise effective in November. Tesla will also pay a EUR 1,500 bonus in December to offset inflation and in February 2024 raise annual wages by an additional EUR 2,500 for the German workers, according to people f...

OEM Plants  Updated at: 2025/07/08

d Dec. 31, 2022 Net R&D Expenditure 2,347 2,418 2,148 % of Sales 18.6 18.2 16.3 -In the fiscal year ended December 31, 2024, the company’s R&D Expenditure decreased by USD 71 million, or 2.9%, from the previous year’s USD 2,418 million to USD 2,347. The decline was primarily due to lower bonus payments and increased government assistance through subsidies and R&D tax credits. These savings were partly offset by higher engineer salaries...

Major Suppliers  Updated at: 2025/07/04

5.5% share, hybrid vehicles (HV) increased 17.6% to 69,367 units with a 31.9% share (including a 22.3% increase to 14,575 units for plug-in hybrids (PHV) with a 6.7% share), electric vehicles (EVs) down 15.4% to 27,479 with a 12.6% share, and diesel vehicles up 9.7% to 42,153 with a 19.4% share.The bonus for PHVs was eliminated in January 2023. Therefore, electrified vehicle sales had a rush in the fourth quarter of 2022, but fell in January 2023...

Automotive Sales Data  Updated at: 2025/07/02