Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years.
News ID: 4731 Publish Date : 2024/01/25
Industrial production in Europe’s biggest economy fell 1.5% in June compared with May, driven by a 3.5% drop in Germany ’s vast automotive sector.
News ID: 4632 Publish Date : 2023/08/12
The agreement, which will allow some combustion engines beyond 2035, was quickly condemned by opponents.
News ID: 4566 Publish Date : 2023/03/26
BERLIN (Reuters) - Ministers from Germany , France and Britain have written to senior U.S. officials urging them to protect European companies working in Iran from getting caught up in Washington’s new sanctions on the Islamic Republic.
News ID: 2776 Publish Date : 2018/06/06
Many countries that are famous vehicle part manufacturers, are not good at car manufacturing however, Iran has the both. Is it necessary to be both a car and part manufacturer?
News ID: 2747 Publish Date : 2018/06/02
Porsche insiders have been forced to defend CEO Oliver Blume from accusations he's under investigation.
News ID: 2449 Publish Date : 2018/04/23
According to the latest report of International Organization of Automobile Manufacturers, Iran’s global car manufacturing rank raised and it is now in the sixteenth place in the world.
News ID: 2155 Publish Date : 2018/03/13
Last year, Geely was negotiating with FCA in order to but a part of its stock, which was not successful but this company did't give up.
News ID: 2048 Publish Date : 2018/03/02
In 1948, the first road-going sports car from Porsche was registered: the 356. Now, 70 years later, the storied German automaker has looked back on its history and announced plans for numerous celebrations across the globe.
News ID: 1778 Publish Date : 2018/02/01
It's expected to have 450 horsepower, and presumably, wheels that match.
News ID: 563 Publish Date : 2017/10/05
Former Volkswagen engine development boss Wolfgang Hatz arrested for Dieselgate questioning.
News ID: 534 Publish Date : 2017/10/01
There are a pair of the updated models in these photos.
News ID: 505 Publish Date : 2017/09/29
Auto industry officials and politicians in Germany have agreed to clean up diesel vehicles through software updates as part of a rescue plan for avoiding diesel bans in cities, industry and government sources said on Friday.
News ID: 40 Publish Date : 2017/07/21
German carmaker Daimler has been accused of selling over a million cars with excessive emissions in Europe and the United States.
News ID: 25 Publish Date : 2017/07/14