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Business

Volkswagen axes 50,000 jobs after profits collapse by nearly half

Volkswagen Group profits slumped by almost half in 2025. Trade conflicts, difficulties in China and the change in strategy at Porsche are putting Europe's largest car manufacturer under pressure.

Business

Volkswagen's €3bn gamble: Can it win back market share in China?

VW is developing cars tailored to Chinese drivers — vehicles that will likely never be seen on European roads, though they may make their way to markets in the Middle East and Southeast Asia.

15 December 2025

Business

Saxony eyes €500mn Volkswagen stake to save jobs and win influence

With Volkswagen planning to cut tens of thousands of jobs in Germany, Saxony’s Greens are calling for the state to buy into the carmaker and secure a seat on VW’s supervisory board.

11 December 2025

Markets

Porsche shares slide after EV launch delay and altered profit outlook

The German carmaker saw its shares decline over 7% by Monday afternoon. Shares in Volkswagen — the firm’s biggest shareholder — also fell.

22 September 2025

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Business

Car sales in Europe: Which brands are rising and falling?

Europe’s carmakers are grappling with tariffs and fierce competition amid the shift to EVs. As European Commission President Ursula von der Leyen prepares to meet industry leaders Friday to discuss the future of the auto sector, new sales and market share data reveal how the sector is reshaping.

12 September 2025

Business

Sweden’s Scania to export half of China-produced trucks at new site

Scania’s new Chinese production facility will open in October in a bid to reduce costs in the Asian market and stay ‘close to rivals’.

Markets

Is August the worst month to invest in European stocks?

August has historically been the weakest month for European equities, with regional indices consistently posting negative returns during this period.

Business

Hammered by US tariffs, Volkswagen’s profit drops sharply

Germany’s Volkswagen cut its financial guidance for 2025 after US tariffs took a €1.3 billion toll on its income in the first six months. But European sales and EVs appear to support future growth.

Business

Volkswagen and Chinese partner SAIC to close Nanjing production plant

After 17 years, car manufacturing giant Volkswagen and partner SAIC are closing down their joint production plant in the Chinese city of Nanjing.

Business

New car registrations fall in Europe and Tesla sees another drop

Tesla sales are still declining in the EU, while Chinese state-owned manufacturer SAIC Motor is increasing its market share.

Business

Volkswagen in direct talks with US government regarding tariff deal

German carmakers such as Mercedes-Benz and BMW are also reportedly trying to negotiate tariffs directly with the US Secretary of Commerce, Howard Lutnick.

Europe News

Four former VW executives found guilty of fraud in 'Dieselgate' case

The German carmaker was accused in 2015 of rigging engine control software to let diesel-powered cars pass emissions tests.

Business

Volkswagen Group sees plunge in performance as US tariffs pose risks

Volkswagen Group, along with the wider global car industry, is significantly vulnerable to changing US tariffs, mainly because of how globalised auto supply chains currently are.

Business

Are EV sales boosting Europe’s car market despite global uncertainty?

Three of the four largest markets in the EU, including Germany, recorded robust double-digit growth in the EV sector.

Mobility

Tesla's brand is damaged in Europe. These EV makers are cashing in

Many have pointed to Elon Musk's embrace of far-right politics as a reason for Tesla's downturn. It's become an opportunity for these rival automakers.

Business

All eyes on EVs as carmakers eye competition at Auto Shanghai 2025

Global car companies as BMW, Volkswagen and General Motors are attempting to retain their market share in China as tariffs and rising Chinese competition threaten sales.

Business

BMW’s China sales drop to lowest level in five years at start of 2025

The German carmaker announced a global sales decline of 1.4%, dragged down by weak China demand, while Trump’s auto tariffs loom over the year ahead.

Business

Why Trump’s tariffs are a serious threat to the German car industry

US tariffs are affecting up to €67bn of EU automotive industry exports, the majority of which are coming from Germany. BMW, Volkswagen and Mercedes must choose between pausing shipments or absorbing tariff costs.

Business

Volkswagen shares rise on outlook despite 2024 profit declining

Volkswagen AG concluded 2024 with lower operating results but slightly increased sales revenue. The carmaker presented its plans to navigate the challenges coming from the US and China, but they haven’t factored in tariffs for 2025.

Economy

Here are five key reasons why Germany's economy is struggling

Here are five key reasons why Germany's economy is struggling as voters decide on 23 February who will run their next government.

17 February 2025