Volkswagen mulls plant closures and drastic cuts to stop losing money
Volkswagen is facing its most severe restructuring since the 2015 "Dieselgate" scandal as CEO Oliver Blume proposes a €60 billion cost-slashing programme and refuses…
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Popular articles tagged "carmakers"
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.
German Greens call for relaxing EU emissions fines on carmakers
Germany's Greens party economy minister Robert Habeck has called for the relaxing of fines on automotive emissions that were set to hit European Union carmakers…
Czech Republic joining Italy to fight carmakers’ CO2 fines
The Czech Republic will join Italy in seeking to prevent carmakers from facing heavy penalties from next year, when tougher CO2 emission rules take effect in…
European car industry ‘risks being crushed by EU fines’, Renault chief warns
Luca de Meo, head of the Renault group, has said he fears European car manufacturers will suffer under stricter emissions rules for new cars imposed by the European…