Oliver Blume

Volkswagen to Sell German Site to Israel’s Aurelius, State of Lower Saxony

Evtec is a “tier one” supplier to Jaguar Land Rover, also headquartered in Coventry, which this week announced 4,000 job cuts over two years even as the chancellor, John Healey, attempted to talk up Britain’s growth prospects in his first big speech, just down the road

Restructuring to axe 15% of VW workforce as German plants face uncertain future

Volkswagen CEO Oliver Blume told workers to increase saving efforts as the company gears up to implement a plan that will shed tens of thousands of jobs over the years amid a grave crisis

Volkswagen bosses face angry workers this week over restructuring plans that could eliminate up to 100,000 jobs and threaten several German plants

Political leaders are visiting car giant Volkswagen for crisis talks, while Chancellor Friedrich Merz meets party colleagues after a testing summer

Volkswagen workers staged protests nationwide on July 9 as unions warned of "major conflict" if the struggling German car giant pushes ahead with what could be the global auto industry's biggest restructuring

In a deal announced after months of negotiations, Porsche management and labor representatives agreed to 5,000 additional job cuts that avoid compulsory redundancies through measures like natural attrition and voluntary schemes

U.K.-based Neil Winton covers the European Auto industry

Under the agreement, Carizon will leverage Horizon Robotics' AI foundation model capabilities to further develop its own unified AI driving model, a system designed to handle the entire driving process from raw sensor input to decision-making in complex road environments

It owns the VW, Audi, Bentley, Porsche, Seat, and Skoda brands

The German car titan has come under intense pressure from US tariffs, slimmer profit margins from electric cars and above all intense competition in key market China, whose carmakers are now also increasingly exporting to Europe

Taking into account indirect as well as direct employment, the automotive sector is responsible for around 3m jobs in Germany

U.K.-based Neil Winton covers the European Auto industry

Volkswagen to axe half its car models

The proposals will involve putting four car plants in Germany under review before ending production, Manager Magazin reported

One solution is to open up factories for Chinese manufacturers to produce cars in Europe as they seek to get around EU tariffs on EVs, a step recently taken by Stellantis which owns Jeep and Fiat

The trend has been highlighted by recent developments involving Jaguar Land Rover's Freelander revival through its collaboration with Chery, and Stellantis' expanded partnership with Dongfeng Motor to jointly produce new Peugeot and Jeep models in China for both domestic sales and global export

The trend has been highlighted by recent developments involving Jaguar Land Rover's Freelander revival through its collaboration with Chery, and Stellantis' expanded partnership with Dongfeng Motor to jointly produce new Peugeot and Jeep models in China for both domestic sales and global export

Porsche and Wacker Chemie have announced plans to slash a combined 2,900 jobs in the latest blow to Germany’s struggling industrial economy

Porsche Shutters Three Units as New CEO Makes First Job Cuts

Meanwhile, VW reports a sharp drop in profits, as pressures mount on Europe's largest carmaker

The German ​auto group, which includes subsidiaries Porsche (P911_p.DE), opens new tab and ⁠Audi, reported first-quarter operating profit of ​2.5 billion euros ($2.9 billion)

Volkswagen on April 30 reported another big drop in quarterly profits as the struggling German auto giant battles challenges from the US tariff blitz to fierce Chinese competition

Stellantis teamed up ​with Leapmotor in 2023 when it acquired around a ​fifth of the Chinese company and formed a joint venture in charge of producing and selling Leapmotor cars outside ​of China

The European Commission has imposed additional duties on imported China-made EVs ​made since ​2024

Foreign automakers lean on Chinese tech as EV battle intensifies at world’s top car fair

It is a vision of an economy that is more innovative, more technologically advanced, greener, more resilient and focused on improving the quality of growth

He depicted China as not just a large market but also a place where technology adoption and mobility trends evolve faster than anywhere else, particularly in the new energy vehicle (NEV) segment, creating both opportunities and responsibilities for Audi

German Foreign Minister Johann Wadephul on Wednesday warned of a dangerous spiral of unintended consequences if the Middle East war escalates further

Meanwhile, Germany looks set for an uptick in house building

Global EV sales down 11% to just over 1 million

Honda Motor Expects Up to $15.7 Billion Hit From EV Strategy Reassessment

Strategic readjustment at Porsche, as well as dwindling sales in both main export markets, the US and China took a big bite out of VW's 2025 profits — which almost halved

Chinese President Xi Jinping called for strengthening communication and trust amid global uncertainties in a meeting with visiting German Chancellor Friedrich Merz on Wednesday