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Europe
Handelsblatt reported on 23 Oct, citing company sources, that Mercedes will reduce agency and temporary staff in Germany. About 3,000 temporary workers are employed at the Sindelfingen, Bremen and Rastatt vehicle plants; no exact number or timing has been given. A spokeswoman declined to comment on specifics but said temporary staff supplement rather than replace the core workforce. Permanent staff are protected by a job-security agreement to the end of 2034, a voluntary severance programme restarts in December, and management has proposed longer working hours for the same pay. Handelsblatt puts the targeted German savings at about €800m a year. Works council and IG Metall oppose the plan.
Companies Mercedes-Benz
Source: dpa via Yahoo Finance (23 Oct) · dpa via finanznachrichten (23 Oct, DE) · stern.de (23 Oct, DE)
Europe
IG Metall is asking for 5% for 12 months for about 3.7 million workers. Second-round negotiations take place region by region between 27 and 30 Oct, and warning strikes become possible from 1 Nov when the peace obligation expires. Employers have floated a zero round and longer working hours without extra pay. A Gesamtmetall survey of 1,461 member companies (7–16 Oct) found 42% expect to cut jobs in the next six months and 39% call their business situation bad. IG Metall and the chemical workers’ union IG BCE are warning of coordinated action across industries.
Source: IG Metall bargaining page · IG Metall Zwickau (23 Oct, DE) · ad-hoc-news (25 Oct, DE)
Europe
As of 22 Oct only about 35.0% of Iveco shares had been tendered. The offer needs 80%. Tata says €14.40 a share is final and it will not raise the bid. Petrus Advisers, Davidson Kempner and Syquant together hold about 20.4%; Petrus says fair value is about €18. Italy’s industry minister Adolfo Urso wants safeguards for Italian sites, and Iveco has outlined more than €76m of investment in four Italian plants. Settlement is planned for 30 Oct, with a possible reopening window on 2–6 Nov. The combined group would have about €21bn of revenue and more than 590,000 vehicles a year.
Companies Tata Motors, Iveco
Source: Hindu BusinessLine (25 Oct) · Economic Times · MarketScreener · The Hindu
Asia
Kyodo reported on 25 Oct that Nissan’s family-based development puts a new North American SUV due in 2028 at 3 years 1 month; derivatives drop by up to 40% to about 2.5 years, the approach covers 80% of sales, and part types fall by 70%. Honda’s “Triple Half” programme aims to halve cost, time and workload versus 2025 for models whose development starts in 2028, using AI. Toyota’s “Area 35” targets 35% better use of plant floor space. Suzuki aims to halve development to about 2 years and Mitsubishi to cut it 20% to 3 years by around 2030. Chinese carmakers typically need under 2 years.
Companies Nissan, Honda, Toyota, Suzuki
Source: Kyodo News (25 Oct) · The Straits Times
Europe
BYD vice-president Liu Xueliang told the South China Morning Post on 25 Oct that the company will build new factories in Europe soon and “will not let tariff increases affect local consumers’ choice.” The Szeged plant in Hungary starts mass production in Q4 2026, beginning with the Dolphin Surf, with capacity of about 150,000 cars a year. Earlier in October BYD said it was considering France and Spain for a further plant.
Companies BYD
Source: South China Morning Post (25 Oct) · Economx (13 Oct, HU) · Hungary Today
Europe
MoneyToday reported on 22 Oct that the Franco-German Industrial Accelerator Act plan would require 70% of parts value, excluding batteries, to come from Europe. Korea and Türkiye are not counted, putting the Ioniq 3 built in Izmit, Türkiye at risk of losing eligibility. Hyundai Mobis’s plant in Nováky, Slovakia already makes about 280,000 EV drive systems a year. Hyundai targets 420,000 European EV sales by 2030 and Kia a 66% EV share.
Companies Hyundai Motor, Kia, Hyundai Mobis
Source: MoneyToday (22 Oct) · Hyundai Motor Group (Mobis Slovakia plant)
Africa
Bloomberg reported (via Moneyweb, 16 Oct) that under the review of the Automotive Production and Development Programme (APDP2) the government will give no policy support to new semi-knockdown (SKD) assembly, tighten the definition of complete-knockdown (CKD) assembly, and investigate the ladder-frame pick-up segment. The local-content target rises from 38% to 60% by 2035. Government news agency SAnews confirmed the SKD review.
Source: Moneyweb / Bloomberg (16 Oct) · SAnews (government) · CNBC Africa
Asia
AutoData reported on 23 Oct that JLR’s Itatiaia plant in Brazil (capacity about 25,000 a year, roughly 400 staff) remains stopped, with the Discovery Sport ending globally at year-end; Chery’s Omoda Jaecoo has confirmed talks to take it over. In Spain, regional authorities told Nissan’s Ávila works council on 23 Oct that they are working on “two options with Asian companies linked to the automotive sector” to replace Renault work that ends at the end of this year; details are confidential and the next meeting is in November.
Companies Chery, Jaguar Land Rover, Nissan, Renault
Source: AutoData (23 Oct, PT) · Cadena SER / EFE (23 Oct, ES)
Global
Gasgoo’s weekly round-up (25 Oct) reports that CATL Chery (Wuhu) New Energy was registered on 20 Oct with registered capital of ¥1bn, the second battery JV between the two companies. Chery is one of the most export-focused Chinese carmakers and is preparing European assembly in Barcelona.
Companies CATL, Chery
Source: Gasgoo weekly (25 Oct)
Asia
Gasgoo reports (25 Oct) that Aumovio, the former Continental automotive business, has won its first nomination in China for its third-generation satellite camera from a leading Chinese carmaker, with production due to start at the end of 2027.
Companies Aumovio, Continental
Source: Gasgoo weekly (25 Oct)