The Trade Union: Volkswagen Wants to Close Several Factories
Volkswagen is planning to close at least three factories in Germany, according to the car group's union.
BusinessVolkswagen is planning to close at least three factories in Germany, according to the car group's union.
BusinessThe crisis among car giants risks hitting Swedish subcontractors. The industry organization FKG warns of a bleak 2025.
CarsFor the second time this year, car giant Volkswagen is forced to issue a profit warning. More similar announcements are to be expected for a crisis-stricken German car industry, according to an analyst.
BusinessThe German car manufacturer Mercedes' share falls hard – down by almost 8 percent on the Frankfurt Stock Exchange. The share price fall comes after the German car manufacturer on Thursday lowered its profit forecast for 2024.
BusinessAn overcapacity in the battery market means that the competition has intensified. But the fact that Northvolt is scaling down right now does not mean that the company is out of the game, according to automotive analyst Hampus Engellau.
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