Volkswagen to slash model range in half, cut production by 10 per cent
The move is part of a broader far ranging cost-cutting and efficiency drive as the group confronts a sharp downturn in its core European and Chinese markets.
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German company bankruptcies highest in over two decades
In the April-to-June period, there were 4,996 insolvencies of partnerships and corporations.
Porsche announces up to 4,000 additional job cuts amid industry pressures
The company, part of the struggling Volkswagen Group, employs around 40,000 people worldwide, with the majority based in Germany.
Germany’s net investment has almost ground to a halt
McKinsey’s 65-page study shows that Germany is investing almost nothing in additional production capacity.
Germany’s energy-hungry small firms struggle with green shift
Germany's small firms are facing challenges in the shift to carbon-neutral production, grappling with high energy costs and insufficient electricity supply for electrification…
British American Tobacco to cut around 9,000 jobs in AI-driven overhaul
Chief Executive Tadeu Marroco said the changes would strengthen the company’s ability to compete in a rapidly evolving environment.
Volkswagen plans to double job cuts to 100,000 and close four German plants
The plans would roughly double the previously announced target of around 50,000 job reductions, already called historic at the time due to its impact.
High energy prices force Playmobil to end production in Germany
Around 350 jobs are affected at the Dietenhofen site, which specialised in the manufacture of the popular toys.
Spanish defence firms offer to build new fighter after FCAS collapse
The companies said prolonged uncertainty threatened not only their own expertise and resources but also the stability of their partners and supply chains.
EU strikes deal to cut red tape for defence investment and procurement
National law could still allow exceptions to automatic approval where there was a serious risk to human health or national security.
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.
Tusk government hurriedly signs scores of contracts funded from EU’s defence loan
The contracts followed the government signing an agreement for Poland to borrow €43.7 billion from the €150 billion SAFE programme.
Meloni says that gigantic EU bureaucracy is smothering industrial development
Italian Prime Minister called for greater competitiveness, simplification and the cutting of red tape.
Philip Morris International vows to transition to ‘smoke-free’ future
A visit to Philip Morris International’s (PMI) manufacturing and technology hub in Bologna offered Brussels Signal a firsthand look at the company’s ambitious…
EP backs tighter screening of Chinese and Russian investment in EU strategic sectors
The sectors covered include defence, financial services, semiconductors, telecommunications, transport and raw materials.
EU foreign affairs chief Kallas: ‘Huge defence funds but European industry not increasing output’
The European Union's High Representative for Foreign Affairs and Security Policy, Kaja Kallas, has warned that Europe’s defence industry is not increasing production…
Korea University and Moderna have been working on mRNA hantavirus vaccine since 2023
Korea University's Vaccine Innovation Center and US biotech firm Moderna (formerly ModeRNA Therapeutics), made world-famous by its multibillion-dollar Covid-19 vaccine…
Biontech stops Covid vaccine production in Germany
German biotech company Biontech has announced it will cease the production of Covid-19 vaccines in Germany and close down most of its domestic production sites.
Belgium’s sovereign wealth funds invests in the arms sector
Belgium is making a strategic shift by investing public money into the defence industry, marking what officials describe as a “historic turning point”.
Climate protection should not harm economy, says Merz
‘Money pit’: EV write-offs of leading carmakers hit €60 billion in 2025
European and US automotive companies have had to write off almost €60 billion in investments in electric vehicle (EV) projects in 2025, according to a new study…
VW may convert car factory into Israeli Iron Dome production site
German automotive group Volkswagen (VW) is reportedly in talks with Israeli defence company Rafael Advanced Defence Systems over plans to convert a struggling German…
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.
McKinsey says VW should close down almost all plants in Germany
In a stark assessment of Volkswagen's (VW) ongoing struggles, international management consultancy McKinsey & Company has reportedly advised the German automotive…
Volkswagen Group to cut 50,000 jobs in Germany as profits tumble
Europe’s biggest carmaker, Volkswagen Group, has presented dismal 2025 annual results.
German industry orders plummet in January with oil prices adding to pain
Germany’s industrial sector has started weakly into the New Year.
Polish President proposes funding rearmament from central bank profits, not EU loan
Poland’s President and the head of the central bank have proposed a “sovereign, Polish” alternative to the government’s legislation to facilitate borrowing…
German industry group says country ‘permanently damaged’ as business venue
The German industry association for the metals and electronics sector, Gesamtmetall, or the Federation of German Employers' Associations in the Metal and Electrical…
Trump administration have a vision of Hamilton’s ‘American System’ economics
The Supreme Court decision striking down Donald Trump’s use of the International Emergency Economic Powers Act to impose tariffs at will has important implications…
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…