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.
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Losses for German automotive supplier ZF double to €2.1bn after electrification failure
German technology group ZF Friedrichshafen has reported a net loss after tax of €2.1 billion for fiscal 2025, almost doubling the €1.
Volkswagen CEO may pull plans for new US plant unless tariffs cut
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 lobbying to get ‘Made in Europe’ car label
Turkey is lobbying Brussels to be included in a future “Made in Europe” car label, according to industry figures and European Union officials.
German ‘car capital’ in dire straits as automotive sector crisis intensifies
The city of Stuttgart in southwestern Germany might be facing insolvency.
Ford drops electrical vehicle strategy on lack of demand, writes off €16.6 billion
US carmaker Ford has announced far-reaching changes to its electrical vehicle (EV) strategy.
India’s Bajaj Auto takes over KTM, Europe’s biggest motorcycle maker
Indian automotive group Bajaj Auto has gained control of KTM, Europe’s biggest producer of motorcycles.
Mercedes tries to reassure investors amid fears of chip shortages
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…
Stellantis cut 10,000 jobs in Italy, amid broader factory shutdowns
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.
Stellantis shuts down production in European plants due to weak demand
European car giant Stellantis will pause production in its European factories as it continues to struggle with poor sales.
Europe no longer export champion without cars, says Renault chief
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…
Mercedes CEO : Europe risks ‘automotive collapse’ over CO2 emissions rule
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…
Jaguar CEO resigns after controversial ‘woke’ makeover of British brand
Adrian Mardell, CEO of British carmaker Jaguar Land Rover, has announced his resignation.
EU’s tariffs ‘higher than those of US’, says BMW CEO
German luxury car maker BMW said it expected both Brussels and Washington to back away from escalating trade war threats.
European car-giant chiefs say EU’s ‘disastrous’ regulations crippling business
The European car market was said to be in great peril because of "green" overregulation from Brussels, killing the industry.
Porsche slashes outlook as US tariffs, China slump dim prospects
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…
Volvo plans cost cuts of €1.6 billion and staff reductions
Swedish automaker Volvo Cars has announced a cost-cutting initiative worth 18 billion Swedish krona (€1.
Volvo profits down more than expected
Vehicle manufacturer Volvo has had a bad first quarter, reporting sales that were lower than expected.
Losses for German automotive supplier ZF top €1bn
German automotive supplier ZF has endured a brutal 2024 and reported yearly losses of more than €1 billion.
Volkswagen profits tumble 30 per cent
Volkswagen's net profit plummeted by more than 30 per cent in 2024 compared to the previous year.
Europe’s biggest motorbike manufacturer may move production to Asia
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…
EU car industry calls for CO2 fine relief to avoid ‘irreparable’ harm to competitiveness
The European automobile industry has called on the EU to roll back CO2 emission fines to avoid crippling the bloc's competitiveness.
Bosch, ‘absolutely unbearable,’ to cut up to 10,000 jobs as German economy slows
German industrial giant Bosch will lay off thousands more employees than it had already announced, it said on December 11.
German car industry chief warns one-in-four jobs at risk in next decade
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,…
Car wreck? European auto giant Stellantis cleans house at top amid crisis
Multinational vehicle maker Stellantis has replaced several top managers, including CEO Carlos Tavares, after posting dismal results amid the growing economic crisis…
Volvo Cars abandons 2030 EV-only target
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…
Regional automobile alliance seeks EU support for industry transition
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…
EU-backed trade tariffs will cost car manufacturers ‘billions’
A European Union-backed trade agreement with the UK will cost the continent's car manufacturers billions, an industry group has claimed.
Mercedes boss asks for delay to post-Brexit tariff rules
Ola Källenius, Mercedes-Benz’s chief executive, has slammed the European Union saying proposed new regulations will undermine competitiveness in the motor industry.