German Auto Industry
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BMW Plans To Cut 8,000 Jobs By End Of 2027: Report
Volkswagen is also weighing up to 100,000 job cuts across its 10 brands and Mercedes-Benz has its own voluntary redundancy program.
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Bundesbank Expects Chip Bottlenecks In German Industry To Worsen In Q2: Report
The chip supply bottlenecks in German industry will likely worsen in the second quarter and lead to an overall weaker recovery of Europe's largest economy this year, the Bundesbank's chief economist told Reuters on Friday.
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Germany's Auto Heartlands In Peril As 'Golden Age' Fades
With pockets of rising joblessness in the affluent, auto-producing heartlands of Bavaria and Baden-Wuerttemberg in southern Germany, there are serious implications for a country which relies on the car industry for roughly 5% of its economic outpu
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German Car Industry Seeks More Predictable EU Carbon Dioxide Rules
Ola Kaellenius, vice president of Germany's VDA auto industry association, said the European Commission wants to reopen discussions about climate goals for the sector
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More Than 400,000 German Jobs At Risk In Switch To Electric Cars
Germany's main automobile industry body (VDA), which in December warned of more job cuts in 2020 due to a drop in global car sales, said NPM's forecast was based on an "unrealistic extreme scenario",
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German Employment Hits Record High In 2019, But Momentum Fades
German employment reached a record high in 2019 as higher labour-market participation and increased immigration of foreign workers more than offset demographic change, the statistics office said.
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German Industry Slump Sparks Renewed Economic Growth Fears
Germany's industrial output unexpectedly dropped in October, reviving worries about its economic growth outlook as its manufacturing backbone takes a blow from global trade conflicts and disruptions in the auto sector.
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German Manufacturing Downturn Drags Into Final Quarter
Industrial orders from domestic clients fell 3.2% while demand from customers outside the euro zone dropped 4.1%, the data showed.
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Germany's New Industrial Strategy Under Fire
A new industrial strategy for 2030 to be released by Economy Minister Peter Altmaier next week is facing sharp criticism from some top economists, industry groups and opposition lawmakers for giving government too big of a role in shaping the economy.
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BMW Plans To Cut 8,000 Jobs By End Of 2027: Report
Volkswagen is also weighing up to 100,000 job cuts across its 10 brands and Mercedes-Benz has its own voluntary redundancy program.
-
Bundesbank Expects Chip Bottlenecks In German Industry To Worsen In Q2: Report
The chip supply bottlenecks in German industry will likely worsen in the second quarter and lead to an overall weaker recovery of Europe's largest economy this year, the Bundesbank's chief economist told Reuters on Friday.
-
Germany's Auto Heartlands In Peril As 'Golden Age' Fades
With pockets of rising joblessness in the affluent, auto-producing heartlands of Bavaria and Baden-Wuerttemberg in southern Germany, there are serious implications for a country which relies on the car industry for roughly 5% of its economic outpu
-
German Car Industry Seeks More Predictable EU Carbon Dioxide Rules
Ola Kaellenius, vice president of Germany's VDA auto industry association, said the European Commission wants to reopen discussions about climate goals for the sector
-
More Than 400,000 German Jobs At Risk In Switch To Electric Cars
Germany's main automobile industry body (VDA), which in December warned of more job cuts in 2020 due to a drop in global car sales, said NPM's forecast was based on an "unrealistic extreme scenario",
-
German Employment Hits Record High In 2019, But Momentum Fades
German employment reached a record high in 2019 as higher labour-market participation and increased immigration of foreign workers more than offset demographic change, the statistics office said.
-
German Industry Slump Sparks Renewed Economic Growth Fears
Germany's industrial output unexpectedly dropped in October, reviving worries about its economic growth outlook as its manufacturing backbone takes a blow from global trade conflicts and disruptions in the auto sector.
-
German Manufacturing Downturn Drags Into Final Quarter
Industrial orders from domestic clients fell 3.2% while demand from customers outside the euro zone dropped 4.1%, the data showed.
-
Germany's New Industrial Strategy Under Fire
A new industrial strategy for 2030 to be released by Economy Minister Peter Altmaier next week is facing sharp criticism from some top economists, industry groups and opposition lawmakers for giving government too big of a role in shaping the economy.
