DACH News & Analysis
2 articles
Market Mood
General Motors (GM) Faces Strike Impact from American Axle Workers
Nearly 1,000 American Axle (DACH) workers in Michigan commenced a strike on March 29, 2026, after failing to secure a new contract. Their wages have reportedly been reduced from $29 an hour in 2008 to a current maximum of $22, impacting axles production for GM (GM) trucks. Currently, GM's operations are normal, and the company is monitoring the situation for any potential impact, holding approximately two weeks' worth of axles in stock. The outcome of these negotiations could affect GM's production capabilities and the broader auto supply chain.
Read More: General Motors (GM) Faces Strike Impact from American Axle Workers
Vontobel (VON) to Open Düsseldorf Branch in 2026 for Wealthy Clients
Vontobel (VON) has announced plans to open a new office in Düsseldorf in 2026, aimed at serving wealthy private clients and family offices in North Rhine-Westphalia. Currently, private banking services in Germany are provided from Munich and Hamburg, with the firm operating for over 70 years. The office will complement Vontobel’s existing network, supported by over 300 investment professionals globally, and follows the previous acquisition of IHAG Privatbank’s client book to enhance its presence in the DACH region. As of 2025, Vontobel reported more than €130 billion ($150.2 billion) in assets under management for private clients.
Read More: Vontobel (VON) to Open Düsseldorf Branch in 2026 for Wealthy Clients