Many major European companies across various sectors saw a sharp profit decline in 2024, while the defense industry, in contrast, has thrived, benefiting from increased military spending by European ...

VW has announced plans to reduce its German workforce by 35,000 over five years, to cull 1,900 positions at Porsche and 7,500 ...

China's Changan Automobile plans to enter 10 markets across Europe this year with local EV models, it said on Friday, ...

Automotive giant Volkswagen Group China has praised the Chinese government's efforts to facilitate cross-border data flows and improve the business environment for European Union (EU) enterprises in ...

Tesla’s reputational troubles and Stellantis’s falling sales are the latest examples of the obstacles facing transnational auto manufacturers.

Consumers are exercising caution over Musk’s decision to switch gears from entrepreneur to partisan political player.

(Reuters) - European shares slipped on Wednesday, a day after strong gains on Germany's approval for a massive spending surge ...

The job cuts amount to a little more than 8% of the 68,000 people employed in Digital Industries globally, and come as ...

German defense giant Rheinmetall may seek to acquire a Volkswagen auto plant and use the facility to produce military vehicles.

Volkswagen's (OTCPK:VWAGY) luxury car unit Audi plans to cut 7,500 jobs in Germany by the end of 2029 as part of a major cost-reduction initiative aimed at saving more than €1 billion (£860 million) ...

Volkswagen’s Audi luxury brand has announced it will cut thousands of jobs over the next few years, in the latest sign of trouble in Germany’s auto sector.

Volkswagen AG’s Audi plans to cut as many as 7,500 positions in Germany by 2029 as the automaker tries to shore up its ...