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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.

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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.

Business

Porsche to cut almost 2,000 jobs in Germany as EV demand declines

The carmaker blamed the job losses on lacklustre demand for electric vehicles and “challenging geopolitical and economic conditions”.

Business

Volkswagen warns against Trump tariffs as new presidential term begins

The German carmaker is already contending with a sales slowdown, high costs, and competition from cheaper Chinese competitors.

Business

VW management to take €300 million pay cut following union pressure

The news comes after Volkswagen reached a historic deal with unions in December.

Business

Union reaches agreement with Volkswagen to avoid plant closures

After days of negotiations which looked like they had reached a stalemate, German workers union IG Metall has reached a deal to avoid Volkswagen plant closures as well as redundancies and wage cuts.

Business

Volkswagen talks over future of plants and jobs at a 'stalemate'

Workers at the car giant have been taking industrial action following VW's revelations about the possibility of closing German plants and axing thousands of jobs. Volkswagen is struggling with falling sales in Europe, high labour costs and excess capacity.

Business

Volkswagen majority stakeholder supports German factory closures

Car giant Volkswagen’s biggest owner, the Porsche-Piëch family, has said they are in favour of reducing the number of German plants, as a cost-cutting measure.

Business

Chinese car maker BYD on track to beat Honda and Ford sales

BYD, one of the biggest Chinese electric vehicle (EV) producers, has seen higher sales figures through more car trade-ins in China, edging it closer to its 2024 sales target.

Business

Plant closures and job cuts: Volkswagen resumes talks with unions

Management and unions at Volkswagen have yet to find common ground in talks concerning the German car maker's proposal on possible job cuts and plant closures. Workers took strike action on Monday.