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Volkswagen posts nearly €6 billion net loss in third quarter of 2026
The result was driven primarily by special items of about €7.8 billion booked in the quarter.
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degrowth
Popular articles tagged "degrowth"
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Almost 30 per cent of machines in Belgian factories sit idle amid industrial malaise
The figures mean 27 per cent of all production equipment across the country is currently inactive, a level not recorded since April 2020.
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Leading economist demands rollback of ‘15 years of Merkel policies’ to save German industry
At the centre of his critique is the European Union’s climate regulatory framework, particularly fleet emission targets and mandatory sustainability reporting.
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French debt costs hit 5 per cent as Belgian borrowing overtakes Greece
Ten-year government bond yields for both nations have widened their spreads against German Bunds, the eurozone’s benchmark safe-haven asset.
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Volkswagen plans global pay freeze until 2030
Volkswagen’s management is seeking increases in worker productivity, greater scheduling flexibility and a reduction in overtime payouts.
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Germany and France move to ease EU 2035 combustion-engine ban
The joint paper, titled “Securing the future of the European automotive industry”, was published on October 16.
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Audi and parent company Volkswagen see big drop in sales
Volkswagen Group deliveries there plunged 38.5 per cent in the third quarter and are down 30.2 per cent year-to-date.
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The Africanisation of Europe
Europe, once a global teacher to Africa, now mirrors structural decline and resource vulnerability, losing global status and facing industrial downfall due to self-inflicted…
Ratcliffe mothballs Hull chemical plants as UK gas hits 12 times US price
Ineos said almost 4,000 jobs in the Humberside supply chain hang on the plants if the pause becomes permanent.
German chemical giant Evonik cuts 3,200 jobs amidst crisis
The figures match a plan first set out in June under the “tailor Made” programme.
Leading German corporations demand immediate implementation of reforms
They called for the burden to be reduced on a sustainable basis, describing further increases as unacceptable for businesses and employees.
German industry losing 15,000 jobs a month
High energy costs, bureaucracy, skilled-labour shortages and external pressures, including US trade policies and Chinese market distortions.
Porsche to cut up to 6,000 jobs amid deepening crisis
In previous years these bonuses and special payments could reach several thousand euros when the company was performing strongly.
One of Germany’s oldest breweries goes bust after more than 350 years
Eichbaum Brewery, founded in 1679 in the town of Bad Windsheim in Bavaria, announced that it will cease production later this year.
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.
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Germany considers raising retirement age as economic slump continues
The Rentenkommission is expected to suggest gradually raising the retirement age to 68.
EU’s ‘degrowth’ means rich stay rich, the poor are made even poorer
It is hard to distinguish whether an action is driven by malice or incompetence when the results are the same.
Nature magazine study predicts catastrophic consequences of ‘degrowth’ policy
The British scientific journal Nature has published a study that forecasts the potentially devastating effects of the so-called “degrowth” economic model.
European Commission gave €10 million to “degrowth” research
While the debate on de-industrialisation in Europe is raging, the European Commission is pumping bags of cash into research exploring regrowth and the “planned…