The giant auto producer like all its major competitors has seized on the transition to EV production to cut jobs and labour costs at the expense of its global workforce, including slashing thousands ...

German industry, reeling from high costs and fierce Asian competition, urged Berlin on Thursday to hold snap elections as ...

As VW braces for a new era of cost-cutting and restructuring, the plan has sent ripples through both German unions and U.S.

What only few saw was that all the fateful decisions had already been taken by then: the close relationship of successive ...

China has reacted sharply to European Union's decision to impose tariffs of up to 45 per cent on its electric vehicles by terminating all major projects in Ge ...

The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1555 ET – Mobileye Global should benefit from rising ...

ShareVolkswagen, the German automotive giant, has surprised the world with a decision that shakes both the industry and thousands of families: closing several plants and drastically reducing its ...

China’s state-backed EV giants like BYD are driving Volkswagen into a corner with aggressive pricing and political challenges ...

The Thompsontown closure is another in a string of plant closures and layoffs throughout Pennsylvania and more broadly.

As part of the restructuring, the company is also making massive job cuts. By 2025 at the latest, only 350 of the 850 ...

Treasury Secretary Janet Yellen says Net Zero is necessary to combat the ‘existential threat’ of climate change at a cost of ...

German industrial production declined in September, pouring cold water on hopes that the country’s factory slump may be ...