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German automotive supplier Continental AG has agreed to sell its ContiTech division to private equity firm Lone Star Funds in a transaction valued at approximately €4.6 billion, marking a major step in the group’s strategy to refocus on its core tyre business. The deal underscores ongoing......
Volkswagen is preparing a major overhaul of its employee performance and compensation framework, with plans to eliminate its current bonus system from 2027 as part of a broader corporate transformation, according to a report published by Germany's Bild newspaper. The changes are expected to form......
The German government has said it is working to prevent the closure of domestic factories operated by Volkswagen, as Europe’s largest carmaker continues to face pressure from rising costs, global competition, and industrial restructuring challenges. A government spokesperson stated on Monday that......
A key Volkswagen shareholder has suggested that the company could help safeguard jobs in Germany by producing car models domestically that are currently developed in China, amid growing uncertainty over the future of the automaker’s local manufacturing footprint. The proposal was made by Olaf......
Porsche is reportedly considering relocating production of its Cayenne SUV from Slovakia to its manufacturing facility in Leipzig, Germany, as part of a broader effort to optimize factory utilization and strengthen its domestic industrial footprint. Although the automaker has not confirmed the reported......
German luxury car manufacturer Porsche is moving forward with a new cost-reduction strategy as it seeks to adapt to a rapidly changing global automotive market. Company executives aim to finalize a second cost-cutting package before the summer holiday period, providing greater clarity for employees and......
The German manufacturer BMW takes a significant step in its electrification strategy with the unveiling of the BMW M Concept Neue Klasse. Revealed for the first time at the prestigious 24 Hours of Le Mans, this concept car embodies the future direction of electric sports models from the BMW M division. Through......
Mercedes-Benz is strengthening its presence in the defense and security sector with a broader range of specialized vehicles presented at Eurosatory 2026. The company is positioning civilian platforms as adaptable solutions for government, military, and critical infrastructure protection missions. The......
Opel has repositioned the Astra as a multi-powertrain compact car designed to cover the full transition spectrum in Europe and markets such as Morocco. The model now spans 100 percent electric, plug-in hybrid, hybrid, and diesel versions, reflecting a strategy built on flexibility rather than rapid full......
Stellantis has announced a major investment program exceeding one billion euros for its German brand Opel, reaffirming its commitment to Germany’s automotive industry and the future development of the company's manufacturing operations. The investment is expected to be deployed by the end of......
Mercedes-Benz Group AG announced plans to introduce its urban autonomous driving system in Germany beginning at the end of 2026, marking another important step in the development of self-driving transportation technologies. The company stated that the point-to-point autonomous driving service will first......
German automotive supplier Bosch has secured a long term agreement to supply large volumes of electric motors to Mercedes-Benz for the company’s next generation electric vehicles, extending the partnership well into the 2030s. The deal strengthens ties between two of Germany’s biggest industrial......
German engineering company Robert Bosch GmbH has secured a major agreement to supply electric motors to luxury car manufacturer Mercedes-Benz Group AG. The contract is part of a long-term collaboration aimed at strengthening the production of next-generation electric vehicles. Under this agreement,......
