BMW joins Germany’s car industry cuts with 8,000-job reduction plan
The Munich-based manufacturer plans to reduce its global workforce by around 8,000 positions by the end of 2027, with most of the cuts expected to come from Germany…
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Popular articles tagged "car industry"
Volkswagen recalls 100,000 electric vehicles as battery defect may pose fire hazard
German carmaker Volkswagen (VW) has to recall almost 100,000 electric vehicles worldwide due to faulty batteries.
Italy’s €600 million subsidies for electric vehicles snapped up immediately
Italy’s €600 million subsidy scheme for electric cars was snapped up in a day - one of the fastest take-ups of "green" mobility funding seen in the Europe Union.
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…
Jaguar CEO resigns after controversial ‘woke’ makeover of British brand
Adrian Mardell, CEO of British carmaker Jaguar Land Rover, has announced his resignation.
Porsche plans to cut additional 1,900 jobs by 2029
Carmaker Porsche plans to cut an additional 1,900 jobs across the entire company over the next four years after a programme that has already started was determined…
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.
What will the EU do when cars become commodities?
Volkswagen has defused the labour crisis sparked by its announcement of impending plant closures with a deal that agrees to keep these factories open and reduce…
Stellantis CEO Carlos Tavares abruptly quits as sales falter
Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost…
Automotive supplier Bosch plans to cut 5,550 jobs, most in Germany
In a new blow for the struggling German car industry, auto parts supplier Bosch has said it wanted to cut more jobs than previously indicated in May, when the company…
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…
EU bureaucracy, taxes and energy costs forces major auto manufacturer abroad
Germany's second-largest automotive supplier, ZF Friedrichshafen, is planning to close plants in Europe and cut up to 12,000 jobs.
Porsche apologises after airbrushing Jesus from commercial
German automotive giant Porsche has apologised after a famous statue of Jesus was airbrushed from one of its recently published advertisements.
UK wins Tata nod for new ‘gigafactory’ in boost for post-Brexit car industry
The post-Brexit British car industry received a welcome boost after the UK saw off rival Spain as the location of choice for Indian giant Tata Group's new multi-billion…