Works Council Chairwoman Daniela Cavallo has provided further details on the planned savings in the Volkswagen Group ahead of the next round of...

In the third quarter of 2024, Volkswagen Group saw its operating result shrink by 41.7% and its earnings after taxes by 63.7%. The core brand...

Volkswagen, Europe's biggest carmaker, is in the midst of a severe sales and cost crisis that it says requires plant closures and layoffs. Talks to...

VW is struggling to turn a profit and for the first time ever is targeting its German operations to cut costs.

For the first time, Chinese automaker BYD has surpassed Tesla in quarterly revenue. The leap is driven by strong domestic sales, helped by government...

Europe needs to spend 39 billion euros ($42.46 billion) a year to reach its net zero targets in the transport sector by 2050, campaign group Transport...

Another indicator of the automotive industry’s struggle was that German automotive supplier Schaeffler announced plans to cut 4,700 jobs across...

Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants in Europe's biggest...

Rail passenger traffic in the European Union reached a record last year if you look only at the number of passenger kilometers, according to data from...

Belgian multinational Umicore, a company specializing in materials technology for electric car batteries, is cutting about 260 jobs worldwide. Some...