Keywords: Car industry
Volkswagen is preparing for a major restructuring aimed at significantly reducing costs and improving profitability, with up to 50,000 jobs potentially affected worldwide in the coming years, around half of them in Germany. The German automaker’s supervisory board has unanimously approved a broad......
Chinese electric vehicle manufacturer BYD continued its strong global momentum in July, posting a third consecutive month of sales growth as international markets increasingly compensated for slower demand at home. The automaker delivered 419,211 vehicles worldwide during the month, representing a 21.8%......
China’s automotive industry reached a new milestone in June, with monthly vehicle exports exceeding one million units for the first time. The record performance highlights the rapid expansion of Chinese carmakers on international markets, particularly in the electric vehicle segment. According......
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......
General Motors has announced the recall of more than 40,000 vehicles in the United States following concerns related to brake fluid contamination that could increase the risk of accidents. According to U.S. road safety authorities, sediments found in the brake fluid may affect braking system performance......
Volkswagen AG is expected to see only limited financial relief even if it succeeds in securing refunds on U.S. import tariffs, according to the company’s chief financial officer. Speaking on Thursday, CFO Arno Antlitz said that any potential reimbursement linked to tariffs imposed by the United......
German automaker Audi has announced an expansion of its collaboration with Chinese partner SAIC Motor, aiming to develop a new generation of vehicles tailored specifically for the Chinese market. The strengthened partnership will focus on producing future models under a jointly developed brand, with......
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