Volkswagen AG plans to cut costs by 20% across all its brands by the end of 2028, according to a report by Manager Magazin. The move comes as Europe’s largest carmaker grapples with rising production expenses, stiff competition in China, and the impact of U.S. tariffs. CEO Oliver Blume and CFO Arno Antlitz reportedly presented […]
Germany’s automotive sector is facing a serious downturn, with investments and jobs increasingly relocating overseas, according to the German Association of the Automotive Industry (VDA). Survey results show that 72% of small- and medium-sized companies in the auto supply chain plan to reduce investments in Germany, either by moving them abroad, postponing, or canceling

