German Chancellor Merz Visits China Amid Trade Challenges

By admin February 24, 2026 No comment

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German Chancellor Friedrich Merz has embarked on his first official visit to China, leading a delegation of senior German business leaders, including heads of Volkswagen, BMW, and Mercedes-Benz. The trip aims to strengthen economic ties as Germany faces growing trade deficits and competitive pressures from China’s booming electric vehicle industry. Merz’s visit comes amid

Volkswagen Targets 20% Cost Reduction by 2028 Amid Market Pressures

By admin February 16, 2026 No comment

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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 […]

German Auto Industry Faces Crisis as Investments and Jobs Move Abroad

By admin February 10, 2026 No comment

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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

Electric Car Sales Overtake Petrol Vehicles in EU for First Time

By admin January 27, 2026 No comment

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Sales of fully electric cars in the European Union surpassed petrol vehicle sales for the first time in December, according to data from industry body ACEA. Battery-electric vehicle registrations also exceeded petrol sales across the wider European market, including Britain and Norway, as overall car sales posted a sixth consecutive month of year-on-year growth.

Volkswagen Shares Surge After Strong Automotive Cash Flow Surprise

By admin January 22, 2026 No comment

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Volkswagen shares climbed to the top of Germany’s DAX index on Thursday after the carmaker reported stronger-than-expected automotive cash flow for 2025. Europe’s largest automaker said its automotive division generated net cash flow of about 6 billion euros, well above its own forecast of around zero, boosting investor confidence and driving the stock up 4.6% […]

European Carmakers Brace for Supply Disruptions as Nexperia Halts China Shipments

By admin November 4, 2025 No comment

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Europe’s auto industry is facing renewed supply chain concerns after Dutch semiconductor manufacturer Nexperia suspended wafer shipments from China. The move follows a dispute with management at its Dongguan facility and comes weeks after the Dutch government seized temporary control of the company over national security issues. Nexperia, whose chips are essential for

VW to invest up to $5bn in Tesla rival Rivian

By admin June 26, 2024 No comment

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Volkswagen (VW), the German automotive giant, has announced an investment of up to $5 billion (£3.94 billion) in Rivian, a competitor to Tesla. This partnership forms a joint venture allowing both VW and the US-based electric vehicle (EV) manufacturer to share technology. Following the announcement, Rivian’s stock surged nearly 50%. The collaboration comes amid

Strategic partnership for ‘industry cloud’ agreed by Amazon, Volkswagen

By admin March 27, 2019 No comment

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A strategic partnership to create a kind of “industry cloud” had been agreed by Volkswagen and Amazon.com Inc. It is reported that the details regarding this will be announced soon. It is reported that unnamed sources at Volkswagen as saying Amazon would be playing an important role in helping Volkswagen to improve the productivity of […]