The STOXX 600 Autos and Parts index is among this year's worst performers. Analysts predict a 13.6% earnings drop in 2024, a reversal from the years immediately after the pandemic, when supply chain s ...
Benz Group AG cut its financial forecast for the year due to a rapid deterioration of its business in China, marking the ...
"While some investors had been anticipating a profit warn from Mercedes Benz, we still view this news as a surprise, especially given the magnitude and lack of cautionary commentary ahead of [the] ...
Volkswagen is struggling to compete in China's growing NEV market, with partnerships in place for potential software ...
According to a media report, Germany's troubled carmaker Volkswagen could cut tens of thousands of jobs as part of savings ...
To make the European market unattractive for Chinese EV exports, tariffs have to be as high as 50%, according to research ...
For the first time ever, Volkswagen intends shuttering factories across Germany and tearing up labor contracts with its ...
While Unifor Local 88 Plant Chair Mike Van Boekel boasted in a statement that it was a deal the bargaining team could be ...
The issue culminated this week with VW halting production of the all-electric ID.4 at its factory in Chattanooga, Tenn., as ...
A wave of new affordable electric models below €25,000 could change the game in Europe. But will they be made in Europe or in ...
An audit of Volkswagen's site in Xinjiang, China, failed to meet international standards according to an FT report.