All entries in the Automotive sector, newest first. tag:eurotrack.ai,2026:en:en/sectors/automotive 2026-10-23T06:00:00Z Eurotrack tag:eurotrack.ai,2026:d351e1cd:en 2026-10-23T06:00:00Z

Swedish carmaker Volvo Cars announced on 23 October 2026 that it will cut around 2,500 jobs, about 2,000 of them in Sweden, mainly in the Gothenburg area. Chief financial officer Fredrik Hansson said the reductions will come through voluntary departures and a very restrictive hiring policy. The company, majority-owned by China's Geely, reported a third-quarter loss of SEK 5.7bn and its shares fell by about 27% at one point in Stockholm (ANSA, 23 Oct 2026; second source: Jornal de Negócios, 23 Oct 2026). — Sources: https://www.ansa.it/sito/notizie/economia/2026/10/23/volvo-cars-licenzia-2.500-dipendenti_d4f83e7a-57cb-4dbc-82f6-596b28eef689.html · https://www.jornaldenegocios.pt/empresas/detalhe/volvo-corta-2-500-mil-postos-de-trabalho-acoes-caem-quase-30

tag:eurotrack.ai,2026:6d5b9a99:en 2026-10-22T06:00:00Z

Dumarey Group, a Belgian powertrain specialist with sites in Italy, has signed an agreement with Renault Group to acquire Alpine Racing SAS and with it the Viry-Châtillon site, and has presented it to employee representatives. About 100 technicians and engineers are to move with the site; consultation with employee representatives is under way and the report gives no price (Il Sole 24 Ore, 22 Oct 2026). — Source: https://www.ilsole24ore.com/art/a-dumarey-attivita-motorsport-alpine-accordo-la-cessione-AJribcrB

tag:eurotrack.ai,2026:80ee35ba:en 2026-10-19T06:00:00Z

On 19 October 2026 Scania opened a new R&D test facility in Södertälje covering about 85 hectares, an investment of roughly SEK 975m. It has 13 km of paved and 4 km of gravel roads plus braking tracks and areas for testing electrification, autonomous systems, safety and vehicle dynamics, partly replacing external proving grounds. The company gives no figure for new jobs (Scania, press release via Cision, 19 Oct 2026). — Source: https://news.cision.com/se/scania/r/ny-testanlaggning-for-forskning-och-utveckling-starker-framtidens-transportlosningar,c4410003

tag:eurotrack.ai,2026:49286fcd:en 2026-10-05T06:00:00Z

Automobile Dacia launched a new voluntary departure scheme through an internal notice on 5 October 2026, linking it to its futuREady strategy, cost pressure and increased automation, robotics and digitalisation; contracts end by mutual agreement. Severance rises with length of service from RON 45,000 net (up to two years) to RON 210,000 net (over 16 years), and RON 240,000 for occupational illness or a workplace accident causing disability. The vehicle plant will also halt production on 9 and 12 October 2026 (almost 3,000 cars) to match output to orders; the report gives no target number of departures (Ziarul Financiar, 5 Oct 2026). — Source: https://www.zf.ro/auto/dacia-ajusteaza-productia-la-comenzi-si-personalul-la-automatizare-uzina-opreste-lucrul-pe-9-si-12-octombrie-iar-plecarile-voluntare-vin-cu-prime-de-pana-la-210-000-de-lei-net-23253561

tag:eurotrack.ai,2026:dd888ed0:en 2026-09-30T06:00:00Z

The management of Volkswagen's software subsidiary Cariad announced further job cuts at a staff meeting on 30 September 2026; according to dpa, citing company sources, around 1,000 of the roughly 4,300 remaining positions are affected, while IG Metall puts the total at about 1,600 of 4,200 jobs. Cariad also terminated key collective agreements with IG Metall; timing and implementation are still open, and the works council points to the job-security agreement that runs until 2029. The job figure is left blank here because the cuts form part of VW's Future Plan 2030, whose number is carried by entry 744abc2a (dpa/RNZ, 01.10.2026; second source: Reuters, 01.10.2026). — Sources: https://www.rnz.de/politik/wirtschaft-regional_artikel,-1000-Jobs-betroffen-Kreise-VW-Softwaretochter-steht-vor-weiterem-Stellenabbau-_arid,2444447.html · https://www.onvista.de/news/2026/10-01-ig-metall-kritisiert-stellenabbau-bei-vw-softwaretochter-cariad-0-20-26559652

tag:eurotrack.ai,2026:2be83188:en 2026-09-24T06:00:00Z

Renault announced on 24.09.2026 that it will put around €600m into its Spanish plants in Valladolid and Palencia by 2030, which will receive five new models – including two compact electric cars, making Renault's Spanish factories build EVs for the first time in its 75-year history in the country. Palencia is to produce vehicles on the new RGEV Medium 2.0 electric platform, while the body plant in Valladolid gets a battery assembly line; the programme is funded from the group's own resources plus subsidies from the central government and the regional government of Castile and León. No figure for new jobs was given (El Español, 24.09.2026; second source: El Debate, 24.09.2026). — Source: https://www.elespanol.com/castilla-y-leon/region/20260924/confirmado-renault-invertira-millones-euros-fabricara-nuevos-modelos-valladolid-palencia/1003744396320_0.html

tag:eurotrack.ai,2026:982835f6:en 2026-09-21T06:00:00Z

The first work shift started on 21 Sep 2026 at Volvo Cars' new electric-car plant in Valaliky near Košice, where headcount has passed 1,000, around 95% of production staff being Slovak. About 300 more people are to be hired by the end of the year; test production begins within weeks, with series production scheduled for 2027 (TASR/teraz.sk and STVR, 21 Sep 2026). Update (21 Sep 2026): According to The Slovak Spectator, testing that had already been under way in parts of the plant was extended to final assembly on 21 Sep 2026, so test vehicles now pass through the whole production process; they are for testing and development, not for sale. Series production is due to start around the turn of 2026/27, with about 350 cars a day on one shift planned by summer 2027 (The Slovak Spectator, 21 Sep 2026). — Sources: https://www.teraz.sk/ekonomika/zavod-volvo-prijal-1000-zamestnancov-a/993778-clanok.html · https://spectator.sme.sk/business/c/volvo-kosice-test-production-slovakia

tag:eurotrack.ai,2026:ed737858:en 2026-09-16T06:00:00Z

Nissan is investing £170m in its Sunderland plant to build the B-segment Kicks SUV with e-Power hybrid drive for the European market for the first time; it will roll off the line alongside the Qashqai, Juke and Leaf as the tenth model built at Sunderland since 1986. No new-jobs figure was given; according to just-auto the plant directly employs around 6,000 people (Motor Trader, 16 Sep 2026; just-auto, 16 Sep 2026). — Source: https://www.motortrader.com/motor-trader-news/automotive-news/nissan-invests-179-in-sunderland-plant-to-build-b-segment-kicks-model-16-09-2026

tag:eurotrack.ai,2026:5a624954:en 2026-09-09T06:00:00Z

Reported stage (consistently by London Loves Business and Eastern Eye, 9 September 2026; no McLaren release found): McLaren Automotive announced a GBP 450 million investment in its Woking technology centre expected to create around 1,000 new jobs (direct, indirect and agency) — roughly a 40% increase on today's workforce of about 2,500. The investment is part of a product offensive under new majority owner CYVN Holdings (Abu Dhabi), which had previously pledged USD 2 billion over five years for the turnaround. Update (16.09.2026): The investment was officially confirmed at a larger scale: McLaren cites around £500m to 2032 for vehicle assembly, its first in-house engine manufacturing in the UK and an expansion of the Composites Technology Centre in South Yorkshire, alongside its Woking site and a new UK factory whose location is still open; around 1,000 jobs are to be created by 2032 (London Loves Business, 16.09.2026: https://londonlovesbusiness.com/mclaren-plans-500m-uk-investment-and-1000-jobs-in-industrial-expansion/). — Source: https://londonlovesbusiness.com/mclaren-plans-450m-woking-technology-centre-in-1000-job-expansion/

tag:eurotrack.ai,2026:af30f018:en 2026-09-09T06:00:00Z

Porsche completed on 9 September 2026, after regulatory approvals, the sale agreed in April 2026 of its 45% stake in the Bugatti Rimac joint venture and its 21% stake in Croatia's Rimac Group to a consortium led by HOF Capital (largest investor BlueFive Capital, plus further institutional investors from the US and Europe). Porsche receives around €1 billion, of which €250 million is earmarked for funding pension obligations; Mate Rimac remains CEO of Bugatti Rimac and additionally becomes President of Bugatti Automobiles (Porsche Newsroom, 9 September 2026; electrive, 10 September 2026). — Source: https://newsroom.porsche.com/en/2026/company/porsche-bugatti-rimac-stakes-42221.html

tag:eurotrack.ai,2026:65df62fe:en 2026-09-08T06:00:00Z

After launching the Twingo E-Tech Electric at the start of the year, Renault's Revoz plant in Novo mesto is starting production of the Dacia Spring, the second of three planned models, and is gradually adding a further shift because of strong demand. According to the headline of the source, more than 300 new jobs are created; the passage read gives no investment figures (Svet24, 8 Sep 2026). — Source: https://svet24.si/novice/slovenija/nova-dacia-nova-izmena-in-vec-kot-300-novih-zaposlitev-v-revozu-1924755

tag:eurotrack.ai,2026:b4f21315:en 2026-09-08T06:00:00Z

The Bolloré group announced on 8 September 2026 the closure of its electric-bus subsidiary Bluebus in Ergué-Gabéric (Brittany), affecting 115 direct jobs. After about 15 years and roughly 700 buses built, the company said it never reached critical scale and the French market had been less dynamic than expected (titrespresse.com, 8 Sept 2026). — Source: https://actu.orange.fr/economie/en-bretagne-bollore-stoppe-la-production-de-ses-bus-electriques-CNT000002rOCTO.html

tag:eurotrack.ai,2026:dfd0b4aa:en 2026-09-07T06:00:00Z

Indian commercial-vehicle maker Tata Motors had already agreed to acquire Italian truck maker Iveco Group in July 2025. After Italy's market regulator Consob approved the offer document, the voluntary all-cash tender offer of EUR 14.10 per common share (cum dividend, total value around EUR 3.82 billion) opened on 7 September 2026 through the bidding entity TML CV Holdings B.V.; the acceptance period runs until 26 October 2026. Exor (the Agnelli family) has irrevocably committed to tender roughly 27.06% of the common shares, representing 43.19% of all voting rights. The minimum acceptance threshold is 95%, automatically reduced to 80% if the extraordinary general meeting of 16 October 2026 approves the Back-End Resolution; according to the offeror, financing for the entire offer price is committed. The 2025 agreement had not been recorded in the tracker. Source replaced (20 Sep 2026): the original source (indiaipo.in) returns HTTP 410 and was replaced by an equivalent reference (Outlook Business, 5 Sep 2026). Update (9 Oct 2026): Tata raised the offer to EUR 14.40 per share as its "best and final" price (total value around EUR 3.91 billion if all shares are tendered) because regulatory approvals are taking longer; the acceptance period still ends on 26 October 2026 (Autocar Professional, 10 Oct 2026). Update (27 Oct 2026): At the close of the acceptance period on 26 October 2026, provisional figures show about 87.81% of the ordinary share capital tendered, above the minimum threshold lowered to 80%; confirmation of the results and the remaining conditions is pending, and the period is due to reopen from 2 to 6 November 2026 (Rankia Italia, 27 Oct 2026). — Sources: https://www.outlookbusiness.com/corporate/tata-motors-launches-tender-offer-for-iveco-acceptance-opens-sep-7 · https://www.autocarpro.in/news/tata-motors-raises-iveco-takeover-offer-price-to-euro-1440-per-share-135155 · https://rankia.it/opa-iveco/

tag:eurotrack.ai,2026:bdb87d3b:en 2026-09-07T06:00:00Z

On 7/8 September 2026 JLR announced it will cut up to 4,000 jobs over two years through a voluntary redundancy programme aimed mainly at its roughly 26,000 salaried and management staff. The aim is GBP 1.7 billion in savings and a lower break-even of 300,000 vehicles; the group cites Chinese competition, tariffs and the lingering effects of the 2025 cyberattack. The UK government announced a meeting between the business secretary and JLR's leadership (ITV, 7 September 2026). Definitive entry; the 30 July 2026 announcement ('several hundred jobs', entry 095cc18e) is treated as an earlier stage of the same programme and no longer carries a figure. Addition (source dated 7 Sept 2026): The cuts correspond to around 9% of the roughly 43,000 staff worldwide and are expected to fall mainly on the UK head office; according to the company, manufacturing staff are not included in the programme (What Car?, 7 Sept 2026). — Source: https://www.wardsauto.com/news/jlr-confirms-4000-job-cuts-citing-significant-challenges/829753/

tag:eurotrack.ai,2026:744abc2a:en 2026-09-03T06:00:00Z

On the evening of Thursday 3 September 2026 VW's supervisory board unanimously approved management's 'Zukunftsplan 2030': on top of the 50,000 job cuts already agreed in 2024, around 50,000 further positions are to go worldwide — roughly half of them in Germany — bringing total cuts by 2030 to about 100,000; compulsory redundancies are ruled out. The four sites Emden, Zwickau, Hanover and Neckarsulm have no competitive follow-on product allocation from 2031–2034; according to the works council no plant closure has been sealed, and management is to work out concrete solutions by mid-2027. Investments of EUR 135 billion in fixed assets and R&D (2027–2031) are also planned; target margin 9% by 2030 (AFP, 4 September 2026; Personalwirtschaft, 10 September 2026). Definitive decision following the reported stage since June 2026 (entry 04211820, recorded there without a figure). Update (26 Oct 2026): According to media reports, the board wants to cut a further 12,000 jobs at the Volkswagen brand by 2030 and offer staff a voluntary move into a state-subsidised transfer company; the works council and IG Metall reject this, and industrial action is possible from the turn of the year. Whether the 12,000 are part of the 50,000 is open, so the figure is not counted separately (Personalwirtschaft, 26 Oct 2026). — Sources: https://de.finance.yahoo.com/nachrichten/aufsichtsrat-volkswagen-stimmt-sanierungsplan-massiver-192009815.html · https://www.personalwirtschaft.de/news/hr-organisation/vw-zukunftsplan-2030-abbau-von-weiteren-50000-stellen-201637/

tag:eurotrack.ai,2026:ae527733:en 2026-09-02T06:00:00Z

On 2 September 2026, after almost five years of construction, Piaggio/Moto Guzzi inaugurated its rebuilt factory in Mandello del Lario on Lake Como. Over EUR 50 million was invested to expand the site from roughly 30,000 to 38,000 m²; production capacity is intended to rise to more than 30,000 motorcycles per year. No specific new-jobs figure was given at the inauguration. — Source: https://motori.quotidiano.net/news/inaugurazione-moto-guzzi.htm

tag:eurotrack.ai,2026:095cc18e:en 2026-07-30T06:00:00Z

Jaguar Land Rover announced on 30 July 2026 that it will cut several hundred jobs as part of a major transformation plan; according to the Press Association fewer than 300 jobs are affected (recorded here as an upper bound of 300). The group employs about 30,000 people in the UK and roughly 10,000 abroad; JLR did not disclose which sites will be hit. The report cites the continuing recovery from last year's cyber attack, which halted production, as well as US tariff measures. JLR builds most of its cars in Solihull (West Midlands) and Halewood (Merseyside), and in Slovakia. Update (7 September 2026): JLR announced up to 4,000 job cuts over two years (separate follow-up entry); that entry carries the figure, this one is the earlier stage and is no longer counted. — Source: https://www.itv.com/news/granada/2026-07-30/jaguar-land-rover-set-to-cut-jobs-amid-overhaul

tag:eurotrack.ai,2026:1ade95a5:en 2026-07-29T06:00:00Z

On 29 July 2026 BMW unveiled a voluntary severance programme intended to reduce its global workforce by around 8,000 positions. Administration and development functions are affected — production is exempt — with the focus on Munich (the FIZ research and innovation centre, some 25,000 staff), Regensburg, Dingolfing and Leipzig. The programme runs from October 2026 to the end of 2027, costs several hundred million euros and is expected to deliver annual savings of about €1bn from 2028; no compulsory redundancies are planned. BMW cites weaker business in China, intensified competition from Chinese manufacturers and the structural transformation of the industry; the group cut its profit guidance in June 2026. The figure of roughly 8,000 jobs is reported by several independent outlets (Euronews, CNBC/Reuters, Bloomberg). Update (15 Oct 2026): According to a regional report, BMW has paused the severance programme in Germany for now because too many employees want to take part; applications already submitted are still being processed. There is no official confirmation on resumption (reported only; leinetal24.de, 15 Oct 2026). — Sources: https://www.euronews.com/business/2026/07/29/bmw-plans-to-cut-around-8000-jobs-in-major-cost-saving-drive · https://www.leinetal24.de/wirtschaft/bmw-setzt-abfindungsprogramm-aus-zu-viele-wollen-weg-zr-94543107.html

tag:eurotrack.ai,2026:8f0c141e:en 2026-07-27T06:00:00Z

On 27 July 2026 the government of Aragón granted final approval as a 'Proyecto de Interés General de Aragón' (PIGA) for the battery gigafactory of the Stellantis-CATL joint venture Contemporary Star Energy in Figueruelas, securing all construction permits for the scheme. This is a permitting milestone on an already running €4.1bn project rather than a new investment announcement: around 500 people currently work on the construction phase (peaking at up to 1,700), and the finished plant is to employ some 4,000 people producing 50 GWh of capacity a year. The first production lines are due to start up in early 2027. — Source: https://www.elespanol.com/aragon/economia/20260727/gigafactoria-stellantis-catl-culmina-tramitacion-avanza-iniciar-produccion-baterias/1003744334892_0.html

tag:eurotrack.ai,2026:3f2d060f:en 2026-07-27T06:00:00Z

On 27 July 2026 the Executive Board and General Works Council of Porsche AG — together with IG Metall and the Suedwestmetall employers' association — agreed on a 'Future Package'. Porsche thereby officially confirms for the first time the figures that were still only reporting in the 22 July entry: a further 5,000 jobs will go by 2035, according to the press release in a socially responsible way and largely through natural attrition, demographic effects, an expanded partial-retirement programme and voluntary severance agreements. In return Porsche extends employment and site protection until 2035 and plans to invest a cumulative 2.1 billion euros in the Zuffenhausen and Weissach sites. The package is the basis for the 'Sportwagenschmiede 35' strategy, which is to be presented in detail at a Capital Markets Day in October. Update (21 Sept 2026), single-source reporting: According to a Handelsblatt report, the Volkswagen Group is considering reducing headcount in the "Sport Luxury" brand group (which includes Porsche) by around 4,100 staff — on top of the agreements already in place. The figures reportedly come from documents on a VW supervisory board resolution of early September; a cut of 4,100 Porsche jobs is therefore explicitly not yet decided. The figure is accordingly not recorded here as an affected-employee count (Handelsblatt via Das Verbraucherschutzforum, 20 Sept 2026). Update (21 September 2026): Porsche CEO Michael Leiters rejected the Handelsblatt report in an internal message seen by Reuters — no further 4,000 jobs are to go, and the total remains 5,000 by 2035. He confirmed the full-year guidance (€35–36bn revenue, 5.5–7.5% operating margin); the capital markets day is set for 7 October 2026 (Reuters via onvista, 21 September 2026). Update (7 Oct 2026): At its Capital Markets Day Porsche put the socially responsible job reduction agreed with employee representatives at around 9,000 positions, combined with job security for the core workforce until 2035; in the medium term the workforce in direct and indirect areas is to shrink by 25% (strategic target 30%) and management positions by around 40%. The release does not say whether the 9,000 positions include the reduction steps agreed earlier. Cellforce (development and production), Porsche eBike Performance and Cetitec are to be shut down, and the sale of MHP to Tata Consultancy Services has been signed (Porsche Newsroom, 7 Oct 2026). — Sources: https://newsroom.porsche.com/en/2026/company/porsche-executive-board-general-works-council-future-package-42938.html · https://newsroom.porsche.com/de/2026/unternehmen/porsche-capital-markets-day-strategie-sportwagenschmiede-35-43418.html

tag:eurotrack.ai,2026:d64fe853:en 2026-07-25T06:00:00Z

Following a meeting with Suzuki CEO Toshihiro Suzuki, Hungarian economy minister István Kapitány announced a HUF 76bn development of the Esztergom plant. The plant is to build electric vehicles and battery packs in future. Magyar Suzuki currently employs around 2,800 people and produced some 108,000 vehicles in 2025. The meeting took place on 24 July; broad media coverage began on 25 July. Second source: Világgazdaság (vg.hu). — Source: https://www.penzcentrum.hu/gazdasag/20260725/elkepeszto-bejelentest-tett-a-suzuki-gigaszi-76-milliardos-gyarfejlesztes-indul-esztergomban-1202862

tag:eurotrack.ai,2026:976cc509:en 2026-07-23T06:00:00Z

Ford and China's Geely are setting up a joint venture at Ford's Almussafes plant near Valencia, in operation since 1976: Geely takes 34% via its subsidiary Geely SPV, Ford retains 66%. From 2028 the site is to build three Ford multi-energy models and two electric Geely models; the plant is designed for 400,000 to 500,000 vehicles a year and ranks among Europe's largest vehicle factories. Subject to regulatory approvals, the joint venture is due to start operating in the first half of 2027. It gives Geely its first EU production base and the Spanish site a long-term utilisation outlook. The €221m purchase price (implying a plant valuation of around €650m) is not stated in the company announcement; it comes from press reporting (Infobae/EFE, Automotive News Europe). Update (24 Oct 2026): According to Motor16, China's competition regulator approved Geely's entry (34%, Ford 66%, joint control) without conditions; the JV start remains planned for H1 2027. The report does not mention EU or Spanish clearances (Motor16, 14 Oct 2026). — Sources: https://www.globenewswire.com/news-release/2026/07/23/3332104/0/en/Geely-Auto-and-Ford-Establish-Joint-Venture-in-Spain-for-Localized-Production-in-Ford-s-Valencia-Plant.html · https://www.motor16.com/las-ultimas-noticias/geely-ford-almussafes-34-planta-valencia/

tag:eurotrack.ai,2026:090ae4e4:en 2026-07-22T06:00:00Z

Reported (Manager Magazin/Bild, 22 July 2026): Porsche CEO Michael Leiters plans to double the current savings programme and cut an additional 5,000 to 6,000 jobs by 2035 — on top of the roughly 3,900–4,000 already announced. In return, employment protection for the remaining workforce until 2035 is said to be under discussion; no agreement with the works council and IG Metall has been reached yet, and Porsche declined to comment officially. At the end of 2025 Porsche employed around 42,000 people worldwide. Several independent outlets (including Reuters syndications and onvista) picked up the report. Update (23 July 2026): The supervisory board approved a new 'future package' on 22 July. Across all rounds the cuts add up to nearly 9,000 positions according to media reports (heise, Reuters, Bild, Manager Magazin) — around 3,900 from the programme already under way, some 2,000 expired fixed-term contracts, plus the new 5,000–6,000 by 2035. The Weissach development centre is to cut capacity by about 30%; three subsidiaries will also be closed: Cellforce Group (battery cells, around 50 employees), Porsche eBike Performance (around 350) and Cetitec (software, around 90). In return, employment protection is to be extended from 2030 to 2035. Porsche did not officially confirm the specific figures, describing them as 'final steps' still to be agreed — the numbers therefore remain reporting rather than confirmation. — Note: this reported plan was officially confirmed on 27 July 2026 by the agreement between the executive board and the general works council (5,000 jobs by 2035). The figure is therefore no longer recorded here, so that the same jobs are counted only once in the key figures; the entry of 27 July 2026 is the authoritative one. The additional details documented here (Weissach capacity cut by around 30%, closure of Cellforce Group, Porsche eBike Performance and Cetitec) are retained as evidence. — Source: https://www.onvista.de/news/2026/07-22-bericht-porsche-will-5000-weitere-jobs-streichen-0-20-26534884

tag:eurotrack.ai,2026:e18a2a5d:en 2026-07-19T06:00:00Z

According to the annual report of Tesla Manufacturing Brandenburg SE for 2025, published on 19 July 2026, Tesla plans around 3,500 new jobs at Grünheide and a long-term increase to up to 7,500 vehicles per week (around 375,000 per year; 2025: approx. 202,000 vehicles with around 11,000 employees). Battery cell production is also to be expanded to integrate the value chain from cell to finished vehicle at the site; the plant is set to supply more than 30 markets in future. Tesla makes the expansion conditional on economic developments and points to geopolitical risks for European battery manufacturing. — Source: https://www.t-online.de/finanzen/aktuelles/wirtschaft/id_101350408/tesla-gruenheide-3500-neue-jobs-geplant-produktion-waechst.html

tag:eurotrack.ai,2026:ef306bdd:en 2026-07-15T06:00:00Z

On 15 July 2026 Volvo Cars, the Flemish government and the Belgian federal government signed a letter of intent: a support package of up to €119 million (incl. €30m for energy efficiency/circular production, up to €80m innovation funding over 10 years, €9m for training); in return Volvo commits to investing in its Ghent plant (approx. 6,500 employees). Contract manufacturing for other Geely brands (Polestar, Lynk & Co, Zeekr) is also being considered to secure the site as an EV hub. — Source: https://www.vrt.be/vrtnws/nl/2026/07/15/steunpakket-van-119-miljoen-euro-vlaamse-en-federale-overheid-s/

tag:eurotrack.ai,2026:6d30261e:en 2026-07-15T06:00:00Z

On 15 July 2026, MAN and Polish finance and economy minister Domański signed a memorandum on the further expansion of the Niepołomice truck plant near Kraków: €350m by the end of 2030 and around 400 new jobs; the plant will get its own cab body shop and paint shop for the new truck generation on the TRATON platform. Warsaw puts the total programme to 2038 at over PLN 5bn (approx. €1.2bn). Series production of the first electric eTGL started the same day. Second source: Rzeczpospolita. — Source: https://www.wnp.pl/rynki/grupa-man-zainwestuje-ponad-5-mld-zl-w-rozwoj-polskiej-fabryki,1081545.html

tag:eurotrack.ai,2026:6fe2413f:en 2026-07-14T06:00:00Z

On 14 July, at an automotive round table at Italy's MIMIT industry ministry (with Minister Urso), Stellantis confirmed €1bn over five years for its Atessa van plant (Europe's largest van factory), including a return to full production and an end to short-time work (cassa integrazione). The Abruzzo region is demanding additional guarantees for the supplier chain. Multiply confirmed reporting (ANSA, Vastoweb). — Source: https://www.ansa.it/abruzzo/notizie/2026/07/14/stellantis-atessa-confermato-investimento-da-un-miliardo-di-euro_b3ba7ffe-df88-4074-bf15-8a9a8b40c589.html

tag:eurotrack.ai,2026:05e10f21:en 2026-07-13T06:00:00Z

Mercedes-Benz has inaugurated the roughly €1 bn plant expansion in Kecskemét — doubling the plant area from 200 to 440 hectares, now the largest Mercedes plant in Europe. At the same time, series production of the all-electric C-Class began; the workforce is set to grow from around 5,000 to 9,000–10,000 employees. Update (14 July 2026): Mercedes-Benz has inaugurated the expansion of its Kecskemét plant and started production of the all-electric C-Class there. (electrive, 14 July 2026) — Source: https://www.electrive.com/2026/07/14/mercedes-celebrates-plant-expansion-in-hungary-and-the-production-launch-of-the-electric-c-class/

tag:eurotrack.ai,2026:17f48c2d:en 2026-07-10T06:00:00Z

VW's supervisory board stopped CEO Blume's restructuring plan ('Group Target Picture') including the proposed closure of four German plants (Hanover, Zwickau, Emden, Neckarsulm) at its 9 July meeting: 12 of the 20 board members voted against, with employee representatives and the state of Lower Saxony using their veto rights. The closures are averted for now; talks on alternative savings measures continue after the summer break. Multiply confirmed reporting (Correctiv, wallstreetONLINE and others). UPDATE (24 July 2026): At the half-year results — his first public appearance since the supervisory board meeting — CEO Blume called the circulating figure of around 50,000 jobs affected worldwide a 'theoretical derivation' and reaffirmed that he is seeking 'intelligent solutions' rather than plant closures; the four sites remain affected. No new decisions were taken; according to Manager Magazin the plans are to be resubmitted in September, with works meetings planned for late August beforehand. UPDATE (4 September 2026): The supervisory board unanimously approved the 'Zukunftsplan 2030' with around 50,000 additional job cuts worldwide (see layoffs entry dated 4 September 2026). Emden, Zwickau, Hanover and Neckarsulm have no competitive follow-on product allocation from 2031–2034; according to the works council no plant closure has been sealed — management is to work out concrete solutions for the four sites by mid-2027 (AFP). — Source: https://correctiv.org/aktuelles/wirtschaft/2026/07/10/blumes-umbauplaene-scheitern-im-vw-aufsichtsrat/

tag:eurotrack.ai,2026:2dccbd83:en 2026-07-06T06:00:00Z

According to Handelsblatt, up to 4,000 further jobs are at risk at Porsche, primarily in management, administration and development; at the Weissach development site, around 30 percent of capacity is under review. A comprehensive 'future package' is to be finalised by the end of July. — Note: this is the early reporting stage of exactly the future package Porsche officially confirmed on 27 July 2026 (see the entry of 27 July 2026, 5,000 jobs by 2035). The figure is therefore no longer recorded here, so that the same jobs are counted only once in the key figures; the official entry of 27 July 2026 is the authoritative one. — Source: https://www.heise.de/news/Porsche-Weitere-4000-Stellen-stehen-zur-Disposition-11354346.html

tag:eurotrack.ai,2026:04211820:en 2026-06-26T06:00:00Z

According to media reports, VW's management board is considering cutting up to 100,000 jobs (around 15 percent of the group's workforce) as well as closing four plants. The background is weak demand and intensified competition from Chinese manufacturers. Update 10 July 2026: The supervisory board rejected the savings package by 12 votes to 7 (the employee side plus Lower Saxony) and postponed the decision on plant closures; group CEO Blume nonetheless wants to push ahead with the realignment, and IG Metall mobilised with a nationwide day of protest. Update 13 July 2026: Group CEO Blume quantified the restructuring himself for the first time — without changes to labour costs, around 50,000 additional jobs worldwide would be at risk according to an intranet interview, on top of the 50,000 already agreed in Germany (reportedly, including Reuters/Tagesspiegel). Update 13 Jul 2026: In an internal memo, CEO Blume for the first time himself put the possible additional cuts at around 50,000 jobs worldwide (on top of the 50,000 already agreed through 2030) unless labor costs come down. Update 24 July 2026: Presenting the half-year results, CFO Arno Antlitz for the first time publicly put the possible additional cuts at around 50,000 jobs (previously communicated only internally by Blume) — together with the 50,000 already agreed through 2030 this gives the order of magnitude of up to 100,000. First-half operating profit fell 12% to €5.9bn and profit after tax 31% to €3.1bn; the 2026 revenue guidance was cut from up to +3% to as much as −3%. Antlitz called the margin of roughly 4% a 'wake-up call' requiring a second restructuring step, and did not commit on plant closures (sources: CNBC, CNN, AFP/France24, 24 July 2026). Update 4 September 2026: The supervisory board unanimously approved the 'Zukunftsplan 2030' — around 50,000 additional jobs worldwide by 2030 (separate follow-up entry dated 4 September 2026, which carries the figure). — Source: https://www.euronews.com/business/2026/06/26/100000-jobs-and-four-plants-volkswagen-reportedly-plans-radical-overhaul

tag:eurotrack.ai,2026:fbe5ff0f:en 2026-06-26T06:00:00Z

According to media reports, the VW management board plans to close four German plants as part of the radical group restructuring; Zwickau, Emden, Hannover and Audi Neckarsulm are named. At the Zwickau site alone, around 8,500 direct jobs are at stake. Update 9 July 2026: The supervisory board approved the management board's savings and returns plan but deferred the decision on the four plant closures; neither confirming nor denying the closure plans. Update 10 July 2026: the supervisory board stopped the closure plans (see follow-up entry of 10 July). — Source: https://www.euronews.com/business/2026/06/26/100000-jobs-and-four-plants-volkswagen-reportedly-plans-radical-overhaul

tag:eurotrack.ai,2026:ac7e8c60:en 2026-06-01T06:00:00Z

The Chinese carmaker SAIC (MG) is building its first European passenger car plant in Galicia. At least 1,000 direct jobs are expected, as well as several thousand indirect jobs in logistics and supply. Update 8 July 2026: investment firmed up at €200m and around 2,300 direct jobs (assembly plant at Ferrol's outer port for up to 120,000 vehicles/year, operational before end-2028, plus a logistics hub in As Pontes); the first car carrier with 700 MGs arrived on 8-9 July to validate logistics. — Source: https://techgolly.com/news/saic-motor-spain-factory-chinese-giant-selects-galicia-to-build-first-european-ev-production-plant

tag:eurotrack.ai,2026:01abd53b:en 2026-04-21T06:00:00Z

Schmitz Cargobull is buying the remaining shares in lightweight trailer maker Berger Fahrzeugtechnik, in which it has held 49% since 2024; the shareholders around Gerhard Berger are selling their remaining stakes. Products, contacts and service are to stay unchanged, and closing is subject to antitrust approval (Verkehrsrundschau, 21 Apr 2026). Update (22.10.2026): The European Commission cleared the acquisition of sole control under the simplified procedure without competition concerns (case M.12490); completion is not confirmed. Late addition: not previously recorded. — Sources: https://www.verkehrsrundschau.de/nachrichten/nfz-fuhrpark/schmitz-cargobull-uebernimmt-berger-komplett-3793713 · https://ec.europa.eu/commission/presscorner/detail/en/mex_26_2236

tag:eurotrack.ai,2026:0e92c90a:en 2026-04-10T06:00:00Z

Stellantis is cutting 650 of the remaining 1,650 jobs at the Opel development centre without replacement, around 40 percent of development. The Tech Center is being significantly downsized, and the mayor of Rüsselsheim protested publicly. — Source: https://www.handelsblatt.com/unternehmen/industrie/stellenabbau-stellantis-verkleinert-auto-entwicklung-bei-opel/100215905.html

tag:eurotrack.ai,2026:18916295:en 2026-02-02T06:00:00Z

BYD has started trial production at its first European passenger car plant in Szeged; series start in Q2 2026. The first model is the Dolphin Surf, with planned capacity of initially around 150,000 and a maximum of up to 300,000 vehicles per year. — Source: https://www.electrive.com/2026/02/02/byd-begins-trial-production-of-passenger-cars-in-hungary/

tag:eurotrack.ai,2026:8c6d2d70:en 2026-01-27T06:00:00Z

Tesla Gigafactory Grünheide: the number of employees fell from 12,415 (works council election 2024) to 10,703 (currently) = ~14% decline. This corresponds to ~1,700 jobs lost, well above Elon Musk's original announcement (April 2024: ~400 jobs for Grünheide). Musk had wanted to cut >10% worldwide; for Grünheide there were allegedly no mass layoffs planned, only the termination of temporary workers (300) plus voluntary programmes (400). Plant management insisted until the very end that there were no plans for a production halt or staff cuts, despite a 50% drop in new Tesla registrations in Germany (Jan-Sept 2025 vs. the prior year). — Source: https://www.msn.com/de-de/finanzen/top-stories/stellenabbau-bei-tesla-in-gr%C3%BCnheide-1700-mitarbeiter-offenbar-gefeuert/ar-AA1UK4n0

tag:eurotrack.ai,2026:9ed4d7d1:en 2025-11-15T06:00:00Z

Thousands of layoffs in the Stuttgart automotive and supplier industry (Bosch, Porsche, Daimler) are placing a considerable burden on the regional real estate market. — Source: https://www.focus.de/immobilien/bosch-porsche-daimler-wie-tausende-entlassungen-den-stuttgarter-immobilienmarkt-erschuettern_67161fb2-f77a-49c7-ac98-9ba48c7b0a6a.html

tag:eurotrack.ai,2026:11a20552:en 2025-09-20T06:00:00Z

Swedish battery manufacturer Northvolt is building a gigafactory in Heide for battery cells with 3,000 jobs. Annual capacity: 60 GWh. Production start planned for 2026. Update (25 Oct 2026): The project was never built. After the groundbreaking in March 2024, Northvolt filed for Chapter 11 protection in the US in November 2024, followed by insolvency proceedings at its Swedish headquarters; the Heide site remained a developed plot without a factory. Since August 2025 US manufacturer Lyten has intended to take over the site, and in June 2026 it agreed a purchase price of about €60m with KfW, the federal government and Schleswig-Holstein; Lyten plans a much smaller project with about 1,000 instead of 3,000 jobs, plus battery storage and a data centre. Completion of the sale is not confirmed in the sources read. The original figures (3,000 jobs, €4.5bn) are therefore obsolete and no longer count towards the headline figures (electrive, 22 Jun 2026 and 30 Jun 2026). — Sources: https://northvolt.com/articles/northvolt-drei/ · https://www.electrive.com/2026/06/22/lyten-to-pay-e60-million-for-northvolt-site-in-heide/ · https://www.electrive.com/2026/06/30/germany-accelerates-northvolt-asset-sale-to-lyten/

tag:eurotrack.ai,2026:478a2659:en 2025-09-16T06:00:00Z

Ford is cutting up to 1,000 jobs at its e-car plant in Cologne in order to reduce overcapacity. — Source: https://www.reuters.com/business/world-at-work/ford-cut-up-1000-jobs-germanys-cologne-e-car-plant-2025-09-16/