German auto giants face deepening crisis as global rivals pull ahead
The German's challenge is combined by a broader slowdown across the global automotive sector.
Popular articles tagged "automotive industry"
The German's challenge is combined by a broader slowdown across the global automotive sector.
German technology group ZF Friedrichshafen has reported a net loss after tax of €2.1 billion for fiscal 2025, almost doubling the €1.
The chief executive of German automotive behemoth Volkswagen Group says his companies will have to scrap plans for a new production plant in the US unless tariffs…
Turkey is lobbying Brussels to be included in a future “Made in Europe” car label, according to industry figures and European Union officials.
The city of Stuttgart in southwestern Germany might be facing insolvency.
US carmaker Ford has announced far-reaching changes to its electrical vehicle (EV) strategy.
Indian automotive group Bajaj Auto has gained control of KTM, Europe’s biggest producer of motorcycles.
The Mercedes-Benz CEO Ola Källenius has sought to calm growing concerns over chip shortages, saying the German carmaker is “covered for now” regarding the essential…
Automaker Stellantis has cut 10,000 jobs in Italy over the last four years, continuing a wave of workforce reductions in industries across the European economy.
European car giant Stellantis will pause production in its European factories as it continues to struggle with poor sales.
The EU would lose its positive trade balance if stripped of car exports, French automaker Renault's vice-president Jean-André Barbosa warned during a conference…
Europe’s automotive sector faces collapse under the weight of the EU’s CO2 regulations and their “draconian penalties,” Ola Källenius, CEO of carmaker Mercedes…
Adrian Mardell, CEO of British carmaker Jaguar Land Rover, has announced his resignation.
German luxury car maker BMW said it expected both Brussels and Washington to back away from escalating trade war threats.
The European car market was said to be in great peril because of "green" overregulation from Brussels, killing the industry.
Porsche's margins plunged in the first quarter, the sports car maker said on Tuesday, forcing it to cut its outlook due to weakness in its key market China, a slowing shift…
Swedish automaker Volvo Cars has announced a cost-cutting initiative worth 18 billion Swedish krona (€1.
Vehicle manufacturer Volvo has had a bad first quarter, reporting sales that were lower than expected.
German automotive supplier ZF has endured a brutal 2024 and reported yearly losses of more than €1 billion.
Volkswagen's net profit plummeted by more than 30 per cent in 2024 compared to the previous year.
KTM, Europe’s biggest manufacturer of motorcycles by sales, is mulling moving a large part of its production capacity to either India or China, according to company…
The European automobile industry has called on the EU to roll back CO2 emission fines to avoid crippling the bloc's competitiveness.
German industrial giant Bosch will lay off thousands more employees than it had already announced, it said on December 11.
Volkswagen's recent shock announcement to cut tens of thousands of jobs, in concert with wage restrictions, was not an isolated event but part of a much bigger crisis,…
Multinational vehicle maker Stellantis has replaced several top managers, including CEO Carlos Tavares, after posting dismal results amid the growing economic crisis…
Swedish automaker Volvo Cars scrapped its target of going all-electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in…
The second annual meeting of the Automotive Regions Alliance (ARA) held in Pamplona highlighted the urgent need for additional European Union (EU) funding to sustain…
A European Union-backed trade agreement with the UK will cost the continent's car manufacturers billions, an industry group has claimed.
Ola Källenius, Mercedes-Benz’s chief executive, has slammed the European Union saying proposed new regulations will undermine competitiveness in the motor industry.