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 automotive sector
Popular articles tagged "German automotive sector"
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.
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.
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.
European Commission seeks Berlin’s backing for tougher China trade line
The push has come as Germany's long-standing reluctance to confront China has appeared to soften.
‘Build Chinese cars in Volkswagen plants,’ says Lower Saxony’s PM
The Minister-President of Lower Saxony has suggested that Volkswagen should consider allowing Chinese manufacturers to produce vehicles in underutilised German plants…
‘Expected decline’: Porsche sales plummet again
German carmaker Porsche has seen its sales drop again, with around 60,910 vehicles sold in the first quarter of 2026, a 15 per cent decrease compared with the same…
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.
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…
President of German automobile association who called for fuel price hike steps down after mass exodus of members
The president of Germany’s largest automobile association ADAC has resigned from his post after he backed raising the price of diesel and petrol.
Germany to bring in subsidy of up to €6,000 for electric-car buyers
The German Government is preparing to bring back high subsidies for electrical vehicles (EVs).
German ‘car capital’ in dire straits as automotive sector crisis intensifies
The city of Stuttgart in southwestern Germany might be facing insolvency.
German economy will continue to struggle with minimal growth, say leading institutes
Germany’s economy is expected to expand only modestly over the next three years, as structural obstacles, global trade pressures, and cautious private investment…
Germany as ‘business location in free fall,’ industry association warns
The Federation of German Industries (BDI), one of Germany’s major business associations, has warned the government of Chancellor Friedrich Merz that the economy…
Merz demands EU scrap ban on sale of combustion engine cars
Germany will urge the European Union to scrap a planned 2035 ban on the sale of combustion engine cars, Chancellor Friedrich Merz said Friday, as Berlin battles…
German industrial output again drops steeply, “another severe blow to the economy”
August saw the sharpest decline in German industrial production since the outbreak of the war in Ukraine in 2022.
Industrial giant Bosch shocks Germany with plans to cut 13,000 jobs
The Bosch group, one of Germany’s leading industrial players, has announced a far-reaching job cut programme.
German unemployment tops 3 million for first time since 2015
For the first time in 10 years more than 3 million Germans are without a job.
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…
Setback for German industry as new orders unexpectedly fall in June
Order intake for the German manufacturing sector has unexpectedly fallen, according to data published by the Federal Statistical Office.
EC gives €3M to workers after US tyre factories in Germany close
The European Commission will release more than €3 million to support 915 workers affected by US multinational Goodyear’s closure of one tyre plant and partial…
Mercedes-Benz profits plunge
German car manufacturer Mercedes-Benz suffered a huge drop in profits in the first half of this year, down by 55.8 per cent.
Tariff in EU-US deal ‘burdens’ German carmakers: industry group
The 15-per cent tariff that the United States will apply to exports of cars from the European Union as part of a new deal "burdens" Germany's carmakers, an industry…
German corporations promise ‘psychological’ economic boost: €300 billion investment by 2028
Several large German corporations have joined forces to boost investment in Germany’s ailing economy.
Germany’s economy minister says ‘we will not back down’ over new US 25% car tariffs
Germany's economy minister Robert Habeck has said "it must be clear that we will not back down in the face of the USA" after Washington announced new 25 per cent…
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.
German car maker BMW reports sharp drop in profits for second year in a row
German car maker BMW has posted disappointing results for 2024 on weakening sales in China and at home.