Several automotive companies across Europe, including industry majors and parts suppliers, have recently announced plans for plant closures and big layoffs as they continue to struggle...
The company is downsizing at 10 locations in Germany and five other sites in Europe, further illustrating the challenges facing the European car industry. ADVERTISEMENT German...
Further talks are planned between Volkswagen and trade union leaders on Wednesday. ADVERTISEMENT Volkswagen’s management wants to close at least three plants, cut tens of thousands...
Turning away from factories also risks beating swords into ploughshares just as war has arrived on the EU’s doorstep, underlining the need for heavy industry for...
Sales of fully electric BMWs rose by more than a third in July, although the German carmaker still trails behind Tesla in year-to-date sales. ADVERTISEMENT BMW...
The baseline level of tariffs, calculated at 21%, would come on top of the EU’s existing 10% tariff on cars, the bloc said Wednesday. While some...