article thumbnail

Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Bosch, the world’s largest automotive supplier for Ford, GM, Toyota, VW, and BMW, among others, said last week that as many as 1,200 employers in its software and electronics division would be fired by the end of 2026, and that 80% of those cuts would take place at the Stuttgart-based headquarters in Germany. Get started here.

article thumbnail

Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. Other automakers, including Ford and GM, have seen massive falls in stock value over the same timeframe. BMW stock chart by TradingView. P911 stock chart by TradingView.

Porsche 126
article thumbnail

Tesla US Sales Up 104% While US Auto Industry Down 22%

CleanTechnica EVs

Comparing the 3rd quarter of 2021 to the 3rd quarter of 2020, US Tesla sales were up 67% while overall US auto sales were down 13%. Compared to 2019, the difference was even more stark — Tesla sales were up 104% and US auto sales were down 22%.

article thumbnail

BMW To Dump GM, Chooses Toyota As Fuel-Cell, Hybrid Partner?

Green Car Reports

It's hard to keep things secret in the auto industry. So when Bloomberg reported yesterday that German luxury maker BMW had broken off talks with General Motors on joint development of fuel cells, writer Dorothee Tschampa explained why.

BMW 106
article thumbnail

More auto plant shutdowns for COVID-19

Green Car Congress

Joining BMW, Ford and FCA in suspension of production in the US due to COVID-19 ( earlier post ) are: Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the US, through 3 April. jobs supported in the US economy for every job at GM.

Auto 199
article thumbnail

Lux Research says GM, Daimler and Toyota lead automakers in emerging technology partnerships tackling megatrends

Green Car Congress

However, we find different OEMs have dramatically different approaches—their strategies today will change the shape of the auto industry in decades to come. Lux Research analysts examined the growing web of cross-cutting industry relationships. —Kevin See, Lux Research Analyst and the lead author.

GM 236
article thumbnail

Full CPCA rankings: Top-selling models and automakers in China in Feb

CN EV Post

The China Passenger Car Association (CPCA) announced on March 9 the top selling models and car companies in China in February, presenting a panoramic view of the Chinese auto industry. 10 BMW 5 Series 25,737 35,444 -27.4% 4 BMW 5 Series 9,609 9,352 2.7% 5 BMW 3 Series 8,868 10,185 -12.9% 8 NIO 12,157 6,131 98.3%

China 143