The move to electric vehicles is accelerating, yet Germany's biggest manufacturers are cutting jobs and losing ground to competitors. Here's why workers are worried and where new opportunities may emerge.
Germany's finance minister urged the European Union on Thursday to step up action against what he called China's "unfair trade practices" to protect the country's struggling carmakers.
Crisis-wracked German auto giant Volkswagen said Monday that one of its plants would be sold off and converted to make defence equipment after car production ends there.
Volkswagen's CEO warned Sunday the company was in a "more than critical" state ahead of meetings with the car giant's staff where he will defend the company's savings plans.
Volkswagen said Friday that net profit fell by a third in the second quarter as the crisis-hit carmaker -- weighing up to 100,000 job cuts worldwide -- grappled with increasing competition in and from China.
Volkswagen on Friday said that a slide in sales accelerated in the second quarter, as the crisis-hit German auto group reportedly considers cutting up to 100,000 jobs worldwide.
German auto giant Volkswagen's management are set to meet on Thursday to thrash out plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.
Europe's largest carmaker Volkswagen is considering cutting tens of thousands more jobs worldwide and shuttering up to four plants in Germany, Manager Magazin reported Friday.
German auto giant Volkswagen said Friday that tariffs imposed by US President Donald Trump had cost it 1.3 billion euros in the first half of the year as it reported falling profit.
Around 20,000 Volkswagen workers in Germany have so far agreed to take voluntary redundancy as part of a major overhaul aimed at cutting costs, the struggling auto titan said on Tuesday.
Crisis-hit auto giant Volkswagen said Friday it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.
At least two people were hospitalised Tuesday after a Greenpeace activist crash-landed on the pitch before the Germany-France match at Euro 2020 when his powered parachute microlight struck spidercam cables at Munich's Allianz Arena.
When Volkswagen chief executive Herbert
Diess joined Twitter in January, he used his first tweet to warn pioneering
electric car maker Elon Musk that he was coming after him.
German car giant Volkswagen said
Tuesday its German factories would end in July a shorter hours scheme used to cushion the impact of the coronavirus pandemic as production ramps back up.
Germany's Volkswagen (VW) has
pulled an Instagram ad that showed a giant white hand pushing around a black person, saying it was "surprised and shocked" that viewers decried it as racist.
Consumer representatives and car giant Volkswagen each blamed the other Friday for a breakdown in talks over a settlement for 400,000 German customers in the firm's "dieselgate" emissions cheating scandal.
German car giants Volkswagen, BMW and Daimler have posted strong sales growth in the face of a contracting global market in 2019, shifting massive numbers of SUVs ahead of a pivotal year for electric mobility.
German car giant Volkswagen said
Friday it would plough €60 billion by 2024 into its switch to electric, hybrid and connected vehicles, as automakers around the world rev up electrification plans.
Volkswagen (VW) is set to unveil the newest incarnation of its iconic Golf hatchback on Thursday, counting on the bestseller to help fund a costly switch to the electric era and bridge the gap to the cars of the future.
Car behemoth Volkswagen will face a German court Monday, as hundreds of thousands of owners of manipulated
diesel cars demand compensation four years after the country's largest
post-war industrial scandal erupted.
Frankfurt's biennial International Auto Show (IAA) opens its doors to the public Thursday, but major foreign carmakers are staying away while climate demonstrators march outside -- forming a microcosm of the industry's woes.
Former Volkswagen boss Ferdinand Piëch, who
has died at 82, was the autocratic heir of a storied motoring dynasty who
drove VW from the brink of bankruptcy to become a global empire.
Former Audi chief executive Rupert
Stadler could become the first auto boss to stand trial in Germany over the
"dieselgate" emissions cheating scandal, four years and tens of billions of
euros after parent company Volkswagen first admitted to the scheme.
German sports car maker and Volkswagen subsidiary Porsche will pay a €535-million fine over diesel vehicles that emitted more harmful pollutants than allowed,Stuttgart prosecutors said Tuesday.
It's not often German big business openly dabbles in politics, but many companies are urging their employees to reject eurosceptics and right-wing populists in May 26th European Parliament elections.
