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German Minister Robert Habeck Considers Support for the Car Industry

Germany's Minister of Economy Robert Habeck says that support measures for the German car industry may become relevant, in connection with a visit to an electric car factory in northwestern Germany. The statement is made ahead of a meeting with the top executives of the German car manufacturers on Monday.

German Minister Robert Habeck Considers Support for the Car Industry

The title in English is: Share price fall for Mercedes after profit warning

The 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.

The title in English is: Share price fall for Mercedes after profit warning

Setback for Electric Car Demand in Europe

Battery-powered electric cars are booming in new car sales in the EU, fresh figures show. The industry organization ACEA is sounding the alarm and demanding that the EU scraps tightened emission regulations and reconsiders the phase-out of fossil-fuelled cars.

Setback for Electric Car Demand in Europe

VW to close car factory in China by 2025

The German vehicle manufacturer Volkswagen (VW), Europe's largest car manufacturer, plans to close a factory in Nanjing, China, which it operates together with the Chinese company SAIC Motor. Production may stop as early as 2025, reports the news agency Bloomberg, citing sources.

VW to close car factory in China by 2025

Northvolt receives support from Volkswagen

Crisis-stricken Northvolt is supported by one of its major shareholders, German Volkswagen. To the news agency Bloomberg, a spokesperson states that the company is now backing Northvolt's production plans.

Northvolt receives support from Volkswagen

Volkswagen terminates agreement with trade unions

German Volkswagen is terminating several agreements with trade unions on employment protection for employees at the car giant's factories in Germany. Originally, the agreements were supposed to secure jobs until 2029, but now the guarantees will expire in the middle of next year.

Volkswagen terminates agreement with trade unions

The Union at Northvolt: "Very strained situation"

The situation is strained and acute. This is the picture presented by the management to the trade union at crisis-ridden Northvolt.

The Union at Northvolt: "Very strained situation"

Slow going for German industry

Another sign that things are going slowly for Germany – Europe's largest and most important economy – is now emerging in the form of new figures regarding industrial production. In July, it fell by 2.

Slow going for German industry

Volkswagen considers closing German factories

The venerable German Volkswagen (VW) is considering closing down factories in Germany for the first time in the company's 87-year history. The purpose would be to reduce costs.

Volkswagen considers closing German factories

Decreased Sales for Volkswagen

The German vehicle manufacturer Volkswagen reports a decreased sales during the second quarter. The number of delivered vehicles was 2.

Decreased Sales for Volkswagen

Volkswagen makes billion-dollar investment in electric car company

The German car giant Volkswagen is investing a billion dollars in the American electric car manufacturer Rivian, according to reports from media outlets in the USA. The two companies are also planning to form a jointly owned company, something that could mean the investment increases to five billion dollars by 2026.

Volkswagen makes billion-dollar investment in electric car company