
Volkswagen CEO Confirms Plans To Fire 50,000 Employees
According to the CEO of the German car giant, VW’s employee headcount is both about 20% higher than that of its competitors—and too high.

According to the CEO of the German car giant, VW’s employee headcount is both about 20% higher than that of its competitors—and too high.

Seven EU countries are demanding that electrification targets remain untouched while Brussels and the European Parliament begin to soften some of the very rules approved just a few years ago.

According to the German automotive industry association, expensive energy, high labor costs, and growing bureaucracy are pushing the car industry deeper into crisis.

Germany depends on the Chinese market more than ever while trying to contain the political and economic impact of that relationship.

Flagship automaker Mercedes’ relocation of its production accelerates the decline of Western Europe as an industrial power.

The trade war with China leaves the automotive industry without key components and no immediate alternatives.

The ban is wrecking Germany’s auto industry and threatening to fracture EU unity but Brussels is urged to “stay the course.”

While the German car industry suffers, Hungary may be able to reap the benefits of the age of e-mobility.
Jordan Bardella said the constraints imposed on European carmakers by EU institutions “brought the industry to its knees.”