The chancellor said he planned to urge the European Union to back off a policy that has been widely interpreted as a ban on combustion engines after 2035.
The automaker said the reductions at its factory in Cologne come on top of 4,000 job cuts across Europe that were announced last year.
The spotlight at the Munich auto show this year is swinging back to BMW, Mercedes and Volkswagen after previously focusing on Chinese automakers.
Drivers in the country, Europe’s largest car market, are avoiding vehicles from Tesla, which has seen a drop in sales in other countries as well.
The storied sports car maker, which was facing challenges from China and slumping demand for electric cars, now has to grapple with tariffs from the Trump administration.
Despite steep tariffs, the Chinese carmaker leapfrogged Tesla in April, in what an analyst called a “watershed moment” for the continent’s auto market.
Demand for the U.S. automaker’s vehicles slid amid stronger competition from Europe and China and rising anger at Elon Musk’s political forays.
Demand for the U.S. auto maker’s vehicles slid amid stronger competition from Europe and China and rising anger at Elon Musk’s political forays.
The company and its assets will be sold after it filed for bankruptcy in Sweden, sinking Europe’s best hope for competing against Asian rivals.
Los conductores chinos compran vehículos eléctricos asequibles cargados de nuevas tecnologías, una tendencia que está redefiniendo los vehículos de gama alta y perjudicando a los fabricantes de automóviles alemanes.
Chinese drivers are buying affordable electric vehicles loaded with new technology, a trend that is redefining high-end vehicles and hurting German automakers.
The U.S. electric car company’s sales are sliding across Europe, amid what many see as interference in local affairs by Tesla’s chief executive, Elon Musk.
A district court ruled that Sweden’s constitution prevented it from taking a side in a labor dispute between Tesla and local unions that has dragged on for 11 months.
Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.
Germany’s largest automaker rode a wave of strong sales for years, but lagging demand and pressure from China are forcing it to consider layoffs.
BYD, which leads China’s electric vehicle sector, is constructing a plant in Hungary while its Chinese rivals expand through joint ventures in Europe.
The Swedish battery manufacturer said it would eliminate jobs and seek partnerships as it grapples with competition from China.
For the first time in its 87-year history, the automaker is considering shuttering factories in Germany, citing the need to remain competitive.
Tesla mechanics in Sweden have been striking for six months with little movement from their employer. Nordic shareholders hope to change that.
The tariffs have been expected for months, but many European automakers warned they will drive up prices for consumers and set off a trade war with China.