Automotive and business brief

Snapshot

• IG Metall: Monday’s Düsseldorf round is the decision point after Friday’s talks also failed
• Stellantis will idle all of Pomigliano next week for missing materials, on top of Mirafiori’s fourth Fiat 500 stoppage
• VW Wolfsburg extends the Christmas shutdown and cuts extra night shifts as Golf, Tiguan and Tayron orders soften

Top Developments

1. IG Metall: Monday’s Düsseldorf round is the decision point after Friday’s talks also failed

   Third-round talks on Friday in Niedersachsen, Berlin-Brandenburg, Mitte and Küste ended without a deal, after Thursday’s Baden-Württemberg session likewise produced no settlement. The union says about 400,000 workers have joined some 3,800 warning-strike actions since the peace obligation expired at midnight on 1 November.…

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: FAZ, 8 Nov · IG Metall tariff page · NDR, Friday rounds

2. Stellantis will idle all of Pomigliano next week for missing materials, on top of Mirafiori’s fourth Fiat 500 stoppage

   Factory delegates told Pomigliano workers just after midday on Friday 6 November that the entire Campania plant will stand idle for the week starting Monday 9 November because material is missing. The company note to the unions, as reported by TGR Campania and Italian trade press, does not name the part; the working assumption remains the chip for the Fiat N3 GSE engine-control unit that Stellantis has already said may disrupt Italian output through November and December, especially the Pandina.…

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   Sources: ClubAlfa / TGR Campania, 6 Nov (12:44) · Börse Express, 8 Nov

3. VW Wolfsburg extends the Christmas shutdown and cuts extra night shifts as Golf, Tiguan and Tayron orders soften

   Volkswagen and the Wolfsburg works council agreed on 3 November to lengthen the Christmas production pause at the headquarters plant. All four assembly lines are now due to restart only on 6 January 2027. The original plan was a stop from 24 December through 3 January. Line 1 will now wind down from 18 December and Line 4 from 22 December. Three planned Friday night shifts on Line 4 — 4, 11 and 18 December — are also cancelled.…

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   Sources: news38, 4 Nov (citing WAZ and plant spokesman) · Finanztrends recap, 5 Nov

4. UK October: registrations +5.4%, BEVs take 32% — but SMMT says the ZEV Mandate gap is set to double by 2028

   SMMT figures published on 5 November show UK new-car registrations rose 5.4% in October to 152,730, the 11th consecutive monthly increase. Battery-electric cars were up 32.7% to a 32.0% share (48,858 units), their highest this year, and plug-in hybrids rose 30.1% to a 15.0% share; together with full hybrids, electrified cars were 59.0% of the month. Petrol fell 11.6% and diesel 15.9%. Year to date, the market is up 9.8% to 1,892,000, but BEV share is only 26.6%.…

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   Sources: SMMT, 5 Nov · AM-Online wrap

5. Tesla says Shanghai now sources 98% of parts locally, with more than 60 Chinese tier-1s in its global chain

   At the China International Import Expo, which opened on 5 November, Tesla said parts localisation at Gigafactory Shanghai has risen to 98%, from the “over 95%” figure it had used for several years. CnEVPost, citing Tesla’s CIIE materials, says the plant has signed more than 400 local Chinese tier-1 suppliers and that more than 60 of them now also supply Tesla’s global network.…

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   Sources: CnEVPost, 6 Nov · Gasgoo, 6 Nov

6. Fourteen MEPs ask the Commission to treat BYD cars as a possible security risk, including for public procurement

   Reuters reported on 4 November that 14 members of the European Parliament, led by French Socialist MEP François Kalfon, submitted written questions asking the European Commission to have the EU cybersecurity agency assess whether BYD vehicles pose a security threat and, if so, to consider listing BYD as a high-risk supplier. They also want to know whether the Commission will restrict Chinese connected vehicles at strategic dual-use infrastructure and exclude BYD from public procurement.…

   AI-generated summary · not individually reviewed · check the linked sources

   Sources: Reuters via Yahoo, 4 Nov · Business Day reprint

7. SAIC gives Momenta a 51% stake in a new RMB 300m L2/L3 driving-software joint venture

   In a 5 November Hong Kong filing, Momenta Global said its Suzhou unit, SAIC Motor and Yandian Technology (a SAIC-controlled subsidiary) have agreed to form a joint venture with registered capital of RMB 300 million. Momenta Suzhou will subscribe RMB 153 million for 51%, SAIC RMB 75 million for 25%, and Yandian RMB 72 million for 24%. The venture, whose name is still to be set, is meant to deepen global, cross-platform cooperation on high-level intelligent-driving products and services, including L2 and L3.…

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   Sources: Momenta HKEX filing, 5 Nov (PDF) · SAIC board resolution, 5 Nov (PDF)

8. China’s MIIT opens consultation on digital IDs for EV traction batteries, aimed at 2027

   On 5 November the Ministry of Industry and Information Technology published draft interim rules for a “digital identity card” for new-energy-vehicle power batteries and asked for comments by 6 December. The draft would use the existing national-standard 24-digit battery code as a unique index linking design, production, sale, vehicle fitment, maintenance, dismantling, recycling and reuse.…

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   Sources: MIIT consultation, 5 Nov · CNR, 8 Nov

9. BMW Brilliance is reported to be cutting about 1,800 jobs in Shenyang — the company has not confirmed the figure

   Chinese and international trade press, beginning 3 November, report that BMW’s majority-owned China venture began workforce reductions on 2 November covering about 1,800 roles, or roughly 10% of a workforce previously put above 19,000. Most of those named are production jobs across the Shenyang operations (Dadong, Tiexi and powertrain are cited in Chinese coverage), with some office roles included; severance is described by employees as N+5.…

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   Sources: CnEVPost, 3 Nov · Focus Online, 4 Nov

10. Audi is studying a $3bn second phase at its planned Georgia plant, on top of the $4bn first phase

    Reuters reported on 5 November, citing documents released by the Mid-Georgia Gateway Development Authority, that Audi is considering a second phase for its first US assembly plant near Macon, Georgia. The extra phase would cost about $3 billion and add 3,000 jobs by 2033. The first phase, announced on 25 October, is a $4 billion plant due to open in the early 2030s, building 200,000 SUVs a year and employing 4,500 people.…

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    Sources: Reuters via Investing.com, 5 Nov · Just Auto, 6 Nov

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Market data: TradingView, Yahoo Finance (delayed). Not investment advice.