Source: BMW plans to lay off 8,000 employees by the end of 2027
German car manufacturer BMW plans to offer nearly half of its employees in Germany the option to voluntarily leave their jobs, as it aims to lay off 8,000 by the end of next year…
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„Mercedes“ chief urges Germany to cut costs, increase productivity amid competition from China
Germany must reduce costs and increase productivity, urged the head of the country’s luxury car manufacturing giant Mercedes-Benz, Ola Kaellenius, on Tuesday (Olia…
„Mercedes-Benz“ had to write off more than 700 million euros due to difficulties in China
German luxury car manufacturer Mercedes-Benz announced on Tuesday a decrease in automotive business profits due to intense competition in China…
„Renault“ faces court in France over the “dieselgate” scandal
The French automobile manufacturing giant “Renault” faces trial in France for serious fraud related to suspicions that its diesel cars are equipped with…
„Porsche“ will lay off 5000 employees by 2035
The German luxury sports car manufacturer Porsche, belonging to the German automotive giant Volkswagen Group, announced on Monday according to the strategic…
Volkswagen’s profit fell, more layoffs are being considered
German company Volkswagen – Europe’s largest car manufacturer – announced on Friday that its net profit significantly decreased in the second quarter, therefore the company…
ACEA: in the first half, 5.7% more new cars were registered in the EU
In January–June of this year, compared to the same period last year, the number of newly registered cars in the European Union (EU) increased by 5.7%. In addition…
Ford and Geely establish joint venture in troubled Spanish factory
US car manufacturer Ford and Chinese company Geely will establish a joint venture at Ford’s struggling Valencia plant in eastern Spain, where they plan to produce…
“Renault”: sales in the first half stopped due to poor Dacia sales in Europe
French car manufacturing giant Renault announced on Thursday that its global sales had stalled in the first six months of this year, due to reduced Dacia…
Electric vehicle market development is accelerating in Poland
In Poland, the electric car market continues to grow rapidly, according to the latest data.