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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
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Germany and France have agreed to end their ambitious joint project to develop a next-generation fighter jet after years of disagreements between key industry partners. German Chancellor Friedrich Merz and French President Emmanuel Macron concluded that there was little chance of resolving the deadlock between Airbus and Dassault Aviation, leading to the decision to scrap
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German automakers are losing momentum as global rivals gain ground, according to a new EY analysis. While major automotive groups worldwide posted a 2% increase in first-quarter revenue, German manufacturers recorded a 4% decline, reflecting growing challenges in key international markets. Industry experts point to a combination of factors behind the downturn, including