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Volkswagen workers condemn ‘disastrous’ communication over job cuts

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Business

Infineon hits revenue record: AI data centres drive growth

Once the problem child of the chip industry, Infineon has reinvented itself. Its semiconductors are now key components for electric cars, data centres and the energy transition.

Business

Mercedes-Benz cuts sales forecast as China troubles persist

German premium carmaker Mercedes-Benz reported a 22% rise in second-quarter operating profit but cut its full-year car sales forecast due to weakness in China.

Europe News

Hungarian ex-foreign minister Szijjártó takes job with China's BYD

Péter Szijjártó announced his resignation and details of his new position with the world's largest electric carmaker, China's BYD, on his Facebook page on Wednesday, detailing that he'll be filling an "international executive position".

Business

Volkswagen lacks backing for overhaul plan with up to 100,000 job cuts

Volkswagen's proposed restructuring plan failed to win backing from the labour bloc on the company's supervisory board on Thursday, leaving uncertainty over additional job cuts and factory closures. The carmaker nevertheless laid out plans to reduce production capacity and simplify its model range.

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Business

Volkswagen weighs 100,000 job cuts in battle for survival

German auto giant Volkswagen's management meets Thursday to discuss plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

Europe News

Porsche plans Cayenne return to Leipzig as staff face pay cuts

The Cayenne is set to return to Germany. But the planned move of production to Leipzig apparently comes at a high price, with staff expected to give up part of their pay.

Business

Crisis deepens: VW reportedly planning to cut up to 100,000 jobs

Volkswagen is reportedly preparing what could become the most radical overhaul in its history. Up to 100,000 jobs could be cut worldwide, while four German plants could close.

Business

Ferrari's marketing boss quits after backlash over first EV

The man who shaped Ferrari's image for more than a decade is leaving the company weeks after the troubled unveiling of its first electric car, with a former BMW executive drafted in to steady the brand.

Tech News

Portugal to roll out autonomous driving test rules in July

From July, Portugal will allow autonomous vehicles to be tested on public roads under a new decree laying down strict rules on safety, insurance and oversight.

Business

Chinese carmakers double EU market share as EVs drive sales growth

New car registrations in Europe grew 4.2% in the first four months of 2026, as traditional European brands maintained their dominance despite Chinese carmakers doubling their share of the EU market.

Economy

Stellantis unveils €60bn plan and 60 new models by 2030

Stellantis chairman John Elkann calls the overhaul “ambitious but realistic”, as CEO Antonio Filosa outlines plans to save and create over €3 billion by focusing on flagship models.

Business

From cars to defence, Mercedes-Benz open to military sector

While Germany’s automotive sector is coming under growing pressure, defence companies are increasingly eyeing its factories, skilled workers and industrial expertise.

Business

BYD in talks to buy idle European car plants as it eyes Maserati

BYD is in talks with Stellantis and other carmakers about buying underused European plants, according to the Chinese carmaker's vice-president.

Europe News

EU vows to fight ‘tooth and nail’ for industry after China threats

In an interview with Euronews, EU Trade Commissioner Maroš Šefčovič said the European Union would stand its ground after China threatened retaliatory measures over plans to strengthen the bloc’s industrial policy.

Europe News

China pushes EU to scrap 'Made in Europe' law or face retaliation

As EU countries debate the European Commission’s proposal, Beijing is urging national governments to abandon the planned law. Otherwise, China says it will take countermeasures.

Business

Beijing pans EU's plans to supercharge industry

Beijing released a statement on Monday attacking the EU’s strategy to supercharge local industry, arguing that the European preference creates investment barriers and discrimination – and that countermeasures could follow.