Volkswagen’s board has approved plans to eliminate another 50,000 jobs by 2030 as part of the German automaker’s biggest restructuring in its nearly 90-year history. The latest cuts will bring the total number of jobs the group plans to reduce to around 100,000. The company, which owns brands including Audi, Porsche and Skoda, is also […]
German luxury carmaker BMW is preparing discussions with employee representatives after issuing its latest profit warning and announcing plans to accelerate efficiency measures. The company cited continued weakness in the Chinese market and rising costs linked to the conflict involving Iran as key reasons for the weaker outlook. Industry analysts believe BMW could consider
Mercedes is the most recent foreign corporation to leave Russia in the wake of the February invasion of Ukraine. Early in March, the German company halted producing in and importing from the nation. However, it has now announced that it will leave the Russian market and sell stock in its subsidiaries to a regional investor. Nissan, a […]


