Browsing: Volkswagen

Tesla saw its seventh consecutive monthly decline in Europe as BYD surged with a 225 percent rise in EV registrations, reshaping the regional EV market.

Germany’s auto sector slashed 51500 jobs in a year as industrial employment fell 2.1 percent, driven by declining exports and rising operational costs.

Ford raises its 2025 tariff cost estimate to $3 billion, citing sustained duties on Mexico, Canada, steel, and aluminum as key contributors.

Uber is expanding its autonomous fleet with 20000 Lucid electric SUVs equipped with Nuro’s self-driving technology as part of its strategy to lead the robotaxi market.

Tesla’s sales in Germany and the UK dropped to their lowest levels in over two years in April, reflecting rising competition and backlash against Elon Musk.

Tesla reports its first annual decline in deliveries, falling short of forecasts, as competition intensifies and Cybertruck demand struggles amid price cuts and incentives.

Olaf Scholz loses Bundestag vote, prompting early elections in February 2025, as CDU’s Friedrich Merz leads polls amid political instability and economic challenges in Germany.

German consumer confidence for December plummets to -23.3 amid fears of widespread job cuts by major companies like Volkswagen, Bayer, and Thyssenkrupp, increasing economic and political uncertainty.

The European Union moves ahead with tariffs on Chinese electric vehicles despite opposition from Germany, risking potential retaliation from China in the bloc’s biggest trade clash in a decade.

Volkswagen could lay off 15,000 workers as it considers closing multiple plants in Germany and Belgium. The move could save the company billions in the face of stiff competition.