Porsche, Facing Falling Profits, Plans to Cut 25% of Its Work Force
The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.
Porsche’s New Look: Pricier Cars and 25% Fewer Employees
The German sports car maker once thrived in China and powered profits for its parent company, Volkswagen. Now it hopes to do more with less.
Will a Turnaround Plan Revive Volkswagen or Merely Delay Its Demise?
The beleaguered auto giant reached a deal with unions to cut tens of thousands of jobs and slash production. Is it enough to revive an iconic German company?
Volkswagen Plans to Cut 50,000 Jobs
Facing growing competition from China and rapidly advancing technology, the German auto giant said Thursday its board had approved a “comprehensive” restructuring.
The German Auto Industry, a Pillar of the National Psyche, Is Trembling
The country’s iconic carmakers are struggling with tariffs, the growth of electric vehicles and intense competition from Chinese companies.
How Volkswagen’s Troubles Were Made in China
The German auto giant’s push into China powered it for decades, but now the company faces fierce competition from Chinese automakers in markets around the world.
Volkswagen Is Cutting Production as Sales in China Plunge
The German automaker has struggled to compete with fast-growing Chinese companies that offer more affordable and sophisticated electric vehicles.
Volkswagen to End E.V. Production at Tennessee Plant
The German carmaker is the latest to scale back plans for electric vehicles in favor of gasoline models.
Volkswagen Suffers More Than Rivals From Auto Industry Woes
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
An Auto Holy Grail: Motors That Don’t Rely on Chinese Rare Earths
Weary of being captive to geopolitics, car companies are looking for ways to replace powerful rare-earth magnets in electric motors.
German Leaders and Auto Chiefs Team Up in Push to Relax Emissions Rules
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.
Ford to Cut 1,000 Jobs in Germany as E.V. Sales Slow
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.
California Start-Up Will Buy Assets of Bankrupt Swedish Battery Maker
Lyten will acquire German and Swedish factories built by Northvolt, which declared bankruptcy in March.
Lyft and Baidu in Deal to Use Chinese Driverless Cars in Europe
Lyft and Baidu plan to start service early next year, joining Uber and Momenta in using electric cars from China, which are the least expensive even with tariffs.
Germans Are Buying More Electric Cars, but Not Teslas
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.
Tesla Sales Fall in Germany and U.K. to Lowest Point in 2 Years
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.
Europeans Shun Tesla, Even as Electric Vehicle Sales Rise
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.
Los aranceles a los autos entran en vigor
El presidente Trump dice que los aranceles fomentarán la inversión en fábricas estadounidenses, pero según analistas los compradores de automóviles pagarán miles de dólares más.
Auto Tariffs Take Effect, Putting Pressure on New Car Prices
President Trump says the tariffs will encourage investment in U.S. factories, but analysts say car buyers will have to pay thousands more.
Tesla Sales Plunge in Germany, Reflecting Broader Slump in Europe
February numbers show the U.S. electric car maker is struggling to attract buyers in the region, as anger at Elon Musk’s politics intensifies.