Companies News, Analysis and Market Intelligence
SearchTrack companies news alongside market analysis, provider activity, and connected mobility intelligence from PAVE Insight.
BMW China reportedly lays off about 1,800 employees
BMW Brilliance Automotive has reportedly begun laying off about 1,800 employees, roughly 10% of its workforce, at its Shenyang operations. The cuts affect production and administrative roles, with frontline production staff most affected; BMW has not officially confirmed the China-specific layoffs.
Changan combines Avatr and Deepal support functions
Changan has formed a department to consolidate back-office, R&D, supply-chain and manufacturing resources across its Avatr and Deepal EV brands, targeting 20–30% cost reductions while keeping their sales and brand operations separate.
China Changan Establishes New State-Owned Auto Group
China Changan Automobile Group has been established as a central state-owned enterprise with capital of $2.75 billion, overseeing multiple automotive brands and focusing on NEVs and R&D.
New York officials urge Tesla to remove shareholder lawsuit bylaw
New York State Retirement Fund officials have urged Tesla to delete a bylaw requiring shareholders to own 3% of the company to bring derivative lawsuits, arguing the change weakened investor protections after Tesla moved its incorporation to Texas.
Stellantis CEO Carlos Tavares Defends Controversial Pay Rise Ahead of Shareholders' Vote
Stellantis CEO Carlos Tavares defends his 36.5 million euro pay package ahead of shareholders' vote, attributing it to the car giant's exceptional performance and tying it to company results.
