Without fresh stimulus, Germany risks losing tens of thousands of manufacturing jobs to lower-cost nations lobbying ...
With the economy a key factor in German elections this month, can the auto sector get back on the road to recovery?
“We need an economic turnaround now,” said Hildegard Müller, who heads Germany’s VDA car lobby ... Canada and Mexico — where Volkswagen, BMW and Mercedes run factories — as well ...
aims to increase its car sales in the country to around four million annually by 2030, from 2.93 million last year, while BMW plans to invest another 20 billion yuan (S$3.7 billion) in its Shenyang ...
(Bloomberg) -- Germany’s auto industry is in crisis. Sales have declined while production costs soared, leaving Volkswagen AG, Mercedes-Benz Group AG and hundreds of parts makers dangerously behind in ...
A crisis in the German car industry has been burning slowly for years but has been accelerated by a surge in exports from China. Since 2019, China has gone from being a net importer of passenger cars ...
BMW does not see the need to negotiate a special deal with the United States to avoid import tariffs, its chief purchasing ...
But Germany’s automakers aren’t retreating. They’re raising investments and banking on partnerships with local companies to claw back market share. Volkswagen, which operates more than three dozen ...
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