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GERMAN CARMAKER NEWS
Tesla says to add 1,000 jobs in GermanyElon Musk's automotive and robotics company Tesla said Thursday that it would hire more than 1,000 people in Germany, a rare bright spot in...- Volkswagen says to cut 50,000 jobs as profit slidesGerman auto giant Volkswagen will cut 50,000 jobs in Germany by 2030. This move comes as the company faces declining profits and intense co...
- Tesla's German plant plans to lift production, says factory boss Andre ThierigTesla aims to boost production at its Gruenheide factory near Berlin. This decision comes amid robust sales figures. Andre Thierig, the fac...
- BMW CEO warns 'can't afford mistakes' ahead of full electric launchBMW anticipates a reshuffling of the automotive sector. The company is investing heavily in its new electric vehicle line. CEO Oliver Zipse...
- Volkswagen and JV partner SAIC plan to close China plant, Bloomberg reportsVolkswagen and its Chinese partner SAIC plan to close at least one plant in China due to slow demand for combustion engine cars. The Nanjin...
- BMW to invest a further $2.76 billion in key market ChinaThe sum, which brings total investment in the plant up to some 105 billion yuan, will allow for production of the Neue Klasse EV-only line,...
- BMW bets on cylindrical battery cells for new class of EVs from 2025The German carmaker has already placed multibillion-euro orders with CATL and EVE to produce battery cells at four factories in China and E...
- Volkswagen weathers pandemic with $10.7 billion profitVolkswagen common shares traded 1.2% higher after the earnings statement. More financial details are to be announced March 16 at the compan...
- Ford's Europe car lineup to be all-electric by 2030The carmaker said it will invest $1 billion over the next 30 months to convert its vehicle assembly plant in Cologne, Germany, to become th...
- Volkswagen explores flying cars in ChinaIn an interview with Volkswagen CEO Herbert Diess on Linkedin, the carmaker's China head Stephan Woellenstein said the company wanted to de...
- European shares rise on Brexit trade deal hopesThe pan-European STOXX 600 index traded 0.4% higher after political editor Robert Peston at Britain's ITV said a Brexit trade deal between ...
- VW Finance chief outlines road map for $222-billion ambition“We must increase our company value in order to stay competitive,” Witter said.
- European shares higher on possible Fiat-Renault merger, EU vote in focusThe trade war escalation this month has hit the pan-European STOXX 600.
- Now Samsung chip in Audi cars to help manage six displays and 12 camerasThe Exynos Auto V9 chip is capable of running multiple applications simultaneously.
- BMW to recall 6,109 cars over fuel pump problem in ChinaThe vehicles were produced between June 12 and November 19, state-run news agency Xinhua reported. The BMW China Automotive Trading Co Ltd ...
- Mercedes-Benz to recall 1 lakh cars in China due to fire riskAffected vehicles were manufactured between 2012 and 2014. Mercedes-Benz China and Beijing Benz will check them and replace defective parts...
- BMW to recall over 10,000 cars in ChinaThe recall will start on March 24. It involves 8,676 cars, 7 Series sedans installed with the system, produced between March 10, 2004 and J...
- Qatar ready to buy 25 per cent stake in Porsche: reportsQatar is ready to acquire at least a 25-percent stake in German luxury sportscar maker Porsche, heavily in debt after increasing its shares...
- Fiat says needs partner; auto merger round eyedItalian carmaker Fiat said it is too small to survive alone, heightening prospects of mergers in an industry battered by the economic crisi...
- Daimler to suspend production for one monthGerman carmaker Daimler, hit by falling demand, will suspend production for a month beginning in December. 2008: Year of global crisis | Su...
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