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Job Losses Loom: 50,000+ Workers Face Uncertainty

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Marelli Files for Chapter 11 Bankruptcy: Global Automotive Industry Impact

Table of Contents

Marelli Holdings co. Ltd., a key global automotive parts supplier for major brands like Nissan, Volkswagen, and Mercedes Benz, has initiated voluntary Chapter 11 proceedings in the United States Bankruptcy Court [[1]]. The move aims to comprehensively restructure its long-term debt and ensure continued operation of its factories worldwide [[1]].

Marelli’s Bankruptcy Filing: A Closer Look

The company’s decision follows months of struggling to address a complex economic situation, including a previous financial restructuring in 2022 when debts exceeded $9.5 billion. The recent Chapter 11 filing is intended to allow Marelli to continue operating while resolving its financial challenges [[2]].

did You Know? Chapter 11 bankruptcy allows a company to reorganize its debts and operations while continuing to function, unlike Chapter 7, which involves liquidation of assets.

Potential Job Losses and Global Impact

The potential closure of Marelli could lead to the disappearance of at least 50,000 jobs worldwide, creating significant uncertainty for its employees [[3]]. The company’s bankruptcy filing has sent ripples throughout the automotive industry, raising concerns about supply chain disruptions and potential impacts on vehicle production.

Restructuring Plans and Future Options

To address its financial issues, Marelli will undergo a voluntary settlement of its assets. Two potential options are being considered: the company becoming owned by its creditors or being sold to a third party,with Motherson being a potential buyer [[2]]. Creditors have agreed to an economic injection of approximately $1.1 billion,which will allow Marelli to remain active during the judicial process.

Pro Tip: Monitoring industry news and financial reports can provide insights into potential supply chain disruptions and investment opportunities.

Tariffs and Economic Pressures

The bankruptcy filing of marelli highlights the challenges faced by auto parts suppliers in a globalized economy. Factors such as tariffs and economic pressures have contributed to the company’s financial difficulties [[3]]. The automotive world is closely watching the restructuring process to determine the long-term impact on the industry.

Key Metrics: Marelli’s Financial Situation

Metric Value
Debt in 2022 Over $9.5 Billion
Economic Injection $1.1 Billion
Potential Job Losses 50,000+

What are the potential long-term effects of Marelli’s bankruptcy on the automotive industry? How might this impact consumers and vehicle prices?

Evergreen Insights: The Automotive Industry and Bankruptcy

The automotive industry is cyclical and capital-intensive, making companies vulnerable to economic downturns and shifts in consumer demand. Bankruptcies among suppliers can disrupt the supply chain, leading to production delays and increased costs for automakers. restructuring through Chapter 11 can provide a lifeline for struggling companies, allowing them to reorganize and emerge stronger.

Frequently Asked Questions about Marelli’s Bankruptcy

Why did Marelli file for Chapter 11 bankruptcy?

Marelli filed for Chapter 11 bankruptcy to comprehensively restructure its long-term debt and address a complex economic situation.

What is Chapter 11 bankruptcy?

Chapter 11 bankruptcy is a legal process that allows a company to reorganize its debts and operations while continuing to function.

how many jobs could be lost due to Marelli’s bankruptcy?

The potential closure of Marelli could lead to the disappearance of at least 50,000 jobs worldwide.

Which car brands are affected by Marelli’s bankruptcy?

Marelli is a key supplier for major brands like Nissan, Volkswagen, and Mercedes Benz, so these companies may be affected.

what are the potential outcomes of Marelli’s restructuring?

The company may become owned by its creditors or be sold to a third party, such as Motherson.

How will the $1.1 billion injection help Marelli?

The economic injection will allow Marelli to remain active during the judicial process and continue operations.

What factors contributed to Marelli’s financial difficulties?

Factors such as tariffs and economic pressures have contributed to the company’s financial difficulties.

Disclaimer: This article provides general details and should not be considered financial or legal advice. Consult with a professional for specific guidance.

Share your thoughts and questions in the comments below! Subscribe to world Today News for more updates on the global economy.


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Sport

Lawson Canadian GP Qualifying: Shock 19th Place

by Alex Carter - Sports Editor
written by Alex Carter - Sports Editor

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Liam Lawson Faces Uphill Battle at Montreal After Disappointing Qualifying

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Liam Lawson, the talented Kiwi Formula 1 driver for Racing Bulls, is set to start the Canadian Grand Prix from a disappointing 18th position after a challenging qualifying session at the Circuit de Gilles Villeneuve in Montreal.Initially qualifying 19th, a penalty to Yuki Tsunoda moved Lawson up one spot. Lawson’s fastest lap of 1:12.525s, while his best of the weekend, left him just 0.140s shy of advancing to Q2.

Qualifying Struggles Plague Lawson

Following the session, Lawson expressed his frustration, stating, “What the hell just happened? I have no idea.” he attributed his struggles to difficulties in getting the tires to perform optimally on the first lap, a problem that persisted throughout the weekend.According to Pirelli, tire performance is crucial for optimal lap times, with even slight variations in temperature affecting grip levels.

“We’ve been struggling to make the tire work on the first lap, all weekend,” Lawson explained. “The first run in Q1, I had to do a build lap to have them in the right window, and we didn’t do a build lap in the last run, and I just didn’t have much grip through the lap.” Despite the setback, Lawson remains optimistic, acknowledging the car’s inherent speed.

Lawson Canadian GP Qualifying: Shock 19th Place
Lawson in the Racing Bulls car during practice in Montreal. (Source: Getty)

teammate Hadjar Faces Penalty

While Lawson faces an uphill battle, his teammate Isack Hadjar initially qualified ninth, showcasing his impressive form as a rookie. Though, Hadjar will also face a grid penalty, dropping three places for impeding Williams’ Carlos Sainz. This penalty further complicates the Racing Bulls’ strategy for the race.

Russell secures Pole Position

Mercedes driver George Russell secured pole position for the second consecutive year in Montreal,edging out reigning world champion max Verstappen and current championship leader Oscar Piastri. Russell’s performance underscores Mercedes’ improved competitiveness and sets the stage for an exciting race.

Did You Know? The Circuit Gilles Villeneuve is known for its challenging corners and unpredictable weather, often leading to dramatic races.

Canadian Grand Prix Grid penalties and Starting Positions

Several drivers faced grid penalties affecting the starting lineup for the Canadian Grand prix. Yuki tsunoda received a 10-place penalty for overtaking under a red flag, while Isack Hadjar was penalized three places for impeding another driver.These penalties reshuffled the grid, creating new opportunities and challenges for the drivers.

Driver Team Qualifying Position Penalty Starting Position
Liam Lawson Racing Bulls 19 None 18
Isack Hadjar Racing Bulls 9 -3 12
Yuki Tsunoda Red Bull racing N/A -10 N/A

Race Strategy and Tire Management

With Lawson starting further back than anticipated, a strategic race is crucial. Tire management will be paramount, especially considering the challenges Lawson faced during qualifying. Teams will need to carefully consider pit stop timings and tire choices to maximize their chances of success. According to Bridgestone, optimal tire strategy can improve race times by up to 5%.

Pro Tip: keep an eye on the weather forecast; rain can dramatically alter the race outcome and strategy.

The Canadian Grand Prix is scheduled for Monday morning (6am NZT).

Looking Ahead: Lawson’s Potential for Recovery

Despite the disappointing qualifying result, Lawson has demonstrated his talent and potential throughout the practice sessions. With a well-executed strategy and a bit of luck, he could still fight his way through the field and secure valuable points.The race promises to be an exciting one, filled with drama and unpredictable moments.

What are your predictions for Liam Lawson in the Canadian Grand Prix? how will the tire strategies impact the race outcome?

The Evolution of Formula 1 Tire Technology

Tire technology has dramatically evolved since the inception of Formula 1. Early races saw drivers grappling with rudimentary tires that offered limited grip and durability. Over the decades, advancements in materials, construction, and compounds have led to increasingly complex tires capable of withstanding immense forces and providing remarkable performance. Today, tire manufacturers like Pirelli and Bridgestone invest heavily in research and development to create tires that can withstand the extreme demands of modern F1 racing.

Modern F1 tires are designed to operate within a narrow temperature window, and maintaining this optimal temperature is crucial for maximizing grip and performance. Teams use a variety of techniques, including tire blankets and sophisticated suspension setups, to manage tire temperatures and ensure that their drivers have the best possible grip on the track.The impact of tire strategy on race outcomes has also grown considerably,with teams carefully planning their pit stops and tire choices to gain a competitive advantage.


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News

Latvia signs LoI for Archer wheeled artillery systems from Sweden

by David Harrison – Chief Editor
written by David Harrison – Chief Editor

Latvia Bolsters Defense with Swedish Archer Artillery Systems

New Procurement Signals Increased Regional Security Focus

Latvia is significantly upgrading its firepower with a planned purchase of 18 Archer 8×8 wheeled artillery systems from Sweden, marking a major step in strengthening its defense capabilities amid growing geopolitical tensions. The agreement paves the way for a formal intergovernmental accord.

Deal Details and Collaboration

The letter of intent was signed by Andis Dilāns, procurement deputy state secretary for the Latvian Ministry of Defence (MoD), and Göran Mårtensson, director of Swedish National Armaments. The deal prioritizes integrating Latvia’s local defense industry into the supply chain, ensuring long-term sustainability.

Beyond the initial procurement, the agreement outlines plans for a joint Archer 6×6 wheeled artillery unit, fostering closer military cooperation between the two nations. Combined training exercises for Latvian and Swedish personnel are also anticipated, pending approval from both armed forces.

The Archer artillery system offers rapid deployment and high accuracy. Credit: BAE Systems.

Sweden will also provide Latvia with interim leased artillery systems to bridge the gap until the new Archer systems are delivered, ensuring uninterrupted firepower.

“The agreement between Sweden and Latvia marks a significant step in closer defence cooperation between the two countries. The agreement provides a solid basis for joint military exercises, soldier training, and the presence of effective artillery systems starting in 2026. This partnership demonstrates our shared commitment to strengthening regional security and deterrence, especially in these geopolitically challenging times.”

—Andris Sprūds, Latvian Defence Ministry

Expanding Latvian Military Modernization

This acquisition complements Latvia’s ongoing efforts to modernize its armed forces. In January 2025, the MoD contracted with General Dynamics European Land Systems (GDELS) for 42 ASCOD infantry fighting vehicles, alongside logistical support. Furthermore, a research and development contract was awarded to Origin Robotics in March 2025 for a high-speed interceptor drone.

According to a recent report by the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached $2.44 trillion in 2023, a 6.8% increase in real terms from 2022, highlighting a worldwide trend towards increased defense spending. (SIPRI Military Expenditure Report 2024)

Archer System Capabilities and Global Interest

BAE Systems describes the Archer system as a low-risk, readily available solution for nations seeking to enhance their 155mm artillery capabilities. The system’s mobility and advanced features have garnered international attention.

Sweden itself recently procured 18 Archer mobile howitzers from BAE Systems in April 2025, as part of its ongoing support to Ukraine. The UK is also utilizing the Archer system to replace its AS90 artillery, which has been supplied to Ukraine.

Switzerland has also shortlisted Archer as a finalist in its artillery system evaluation process, demonstrating the platform’s global appeal. The Archer is mounted on an 8×8 RMMV HX2 truck chassis, providing exceptional mobility and firepower.

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Business

GM EV Sales Surge: Now #2 in the US Market

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

GM Electrifies U.S. Sales, Surpassing Ford in EV Race

Table of Contents

General Motors (GM) has overtaken Ford to secure the second-highest position in U.S. electric vehicle (EV) sales for the first five months of 2025. The Detroit-based automaker reported selling 62,000 EVs through May, propelled by robust sales from its Chevrolet brand, which accounted for 37,000 units sold in the United States during the same period.

Ford,in comparison,sold 34,132 EVs through May,marking a 25% year-over-year decline. This decrease was largely attributed to a 42% drop in sales of the F-150 Lightning pickup and a significant 93% decrease in E-Transit commercial van sales.

Did You Know? The global electric car stock reached 16.5 million in 2021, tripling in just three years, according to the International Energy Agency.

GM’s Electric Surge: Key Sales Metrics

GM experienced a remarkable 94% year-over-year growth in domestic EV sales during the first quarter of 2025, capturing over 15% of the U.S. EV market share.

Rory Harvey, executive vice president and president of global markets at GM, stated, “Customers are responding in record numbers to our world-class portfolio of electric and gas-powered vehicles. In the first two months of the second quarter,we more than doubled our EV sales compared to the same period last year.”

Automaker EV Sales (Jan-May 2025) Year-over-Year Change
General Motors 62,000 +94% (Q1 2025)
Ford 34,132 -25%
Tesla *See Below -9% (Q1 2025)

Pro Tip: Monitor EV sales data from reliable sources like the Cox Automotive to stay informed about market trends.

Market Dynamics and Consumer Behavior

According to Sam Fiorani, vice president of AutoForecast Solutions LLC, part of the sales increase can be attributed to price-conscious buyers concerned about potential tariff increases and legislative efforts to eliminate the $7,500 EV tax credit.

“The idea that parts may be in short supply, costs may go up, all of these factors are weighing on the decision-making of buyers today,” Fiorani explained.”If they believe that they’re going to need a vehicle in the next few months, a lot of them have moved to the dealership now to purchase while they believe the prices will be lower.”

Tesla’s Dominance Faces Challenges

While GM has made significant strides, Tesla remains the leader in EV sales. however, Tesla’s dominance is diminishing due to increased competition from both domestic and Chinese automakers. Tesla sold 1.3 million cars in the first quarter of 2025, a 9% decrease from the previous year, according to Bloomberg. Tesla’s share of the U.S. EV market has declined from nearly two-thirds to less than half in the past two years,as reported by Bloomberg.

The Rise of Chevrolet

chevrolet’s strong performance is a key factor in GM’s success. The brand’s diverse EV offerings, including the Bolt EV and Bolt EUV, appeal to a wide range of consumers. The introduction of new models like the Silverado EV is also expected to further boost GM’s EV sales in the coming years.

What factors do you think will most influence EV adoption in the next year? How will government incentives impact the EV market?

The Electric Vehicle Revolution: A Long-Term Perspective

The shift towards electric vehicles represents a essential change in the automotive industry. Driven by environmental concerns, technological advancements, and government policies, the EV market is poised for continued growth in the coming years. The increasing availability of charging infrastructure, declining battery costs, and growing consumer awareness are all contributing to the widespread adoption of EVs.

the history of electric vehicles dates back to the 19th century, but it was not until the 21st century that EVs began to gain significant traction. The introduction of the Tesla Roadster in 2008 marked a turning point,demonstrating that electric cars could be both high-performance and desirable. As then, numerous automakers have invested heavily in EV growth, resulting in a diverse range of electric models available to consumers today.

Frequently Asked Questions About Electric Vehicles

What are the key benefits of driving an electric vehicle?
electric vehicles offer several advantages,including lower running costs,reduced emissions,and a quieter driving experience. They also require less maintenance than gasoline-powered cars.
How long does it take to charge an electric vehicle?
Charging times vary depending on the charging method and the vehicle’s battery capacity. Level 1 charging (using a standard household outlet) can take several hours, while Level 3 charging (DC fast charging) can provide a significant charge in as little as 30 minutes.
What is the range of a typical electric vehicle?
The range of electric vehicles has improved significantly in recent years. Many new EVs offer a range of 200 miles or more on a single charge. The U.S. Department of Energy provides detailed details on EV range and charging.
Are electric vehicles more expensive than gasoline-powered cars?
The initial purchase price of electric vehicles can be higher than that of comparable gasoline-powered cars. However, government incentives and lower running costs can help offset the higher upfront cost. Over the long term, EVs can be more cost-effective.
How does cold weather affect electric vehicle performance?
Cold weather can reduce the range of electric vehicles due to the impact on battery performance. Though, many EVs are equipped with features such as battery pre-conditioning to mitigate the effects of cold weather.
What is the environmental impact of electric vehicles?
Electric vehicles produce zero tailpipe emissions, which helps to improve air quality in urban areas. Though, the overall environmental impact of EVs depends on the source of electricity used to charge them. When powered by renewable energy sources, EVs offer a significant reduction in greenhouse gas emissions.
What are the latest advancements in electric vehicle technology?
Recent advancements in EV technology include improved battery energy density, faster charging speeds, and enhanced driver-assistance systems. Automakers are also investing in the development of solid-state batteries, which promise to offer even greater range and safety.

Stay informed about the latest developments in the electric vehicle market. Subscribe to our newsletter for exclusive insights and analysis.



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