Showing 13 to 24 of 32 results
ZF Friedrichshafen Faces €1 Billion Loss, Plans 14,000 Job Cuts
ZF Friedrichshafen, Germany's second-largest auto supplier, reported a €1 billion loss in 2022 and plans to cut up to 14,000 jobs in Germany by 2028 due to the automotive industry downturn, high debt from past acquisitions, and low profitability in its powertrain division; the company is exploring o...
ZF Friedrichshafen Faces €1 Billion Loss, Plans 14,000 Job Cuts
ZF Friedrichshafen, Germany's second-largest auto supplier, reported a €1 billion loss in 2022 and plans to cut up to 14,000 jobs in Germany by 2028 due to the automotive industry downturn, high debt from past acquisitions, and low profitability in its powertrain division; the company is exploring o...
Progress
44% Bias Score
Audi's Weak Q1 2024 Results: Low Margins, Job Cuts, and China Challenges
Audi reported weak first-quarter 2024 results, marked by low margins, a low three-digit million-euro CO2 provision, and declining sales in China due to intense price competition; the company plans to cut 7,500 jobs by 2029.
Audi's Weak Q1 2024 Results: Low Margins, Job Cuts, and China Challenges
Audi reported weak first-quarter 2024 results, marked by low margins, a low three-digit million-euro CO2 provision, and declining sales in China due to intense price competition; the company plans to cut 7,500 jobs by 2029.
Progress
40% Bias Score
\"US Tariffs Cripple German Auto Exports\"\
The US, Germany's largest car export market, recently increased tariffs on imported vehicles, impacting the already struggling German auto industry significantly, as major automakers face decreased sales and increased production costs.
\"US Tariffs Cripple German Auto Exports\"\
The US, Germany's largest car export market, recently increased tariffs on imported vehicles, impacting the already struggling German auto industry significantly, as major automakers face decreased sales and increased production costs.
Progress
52% Bias Score
Audi to Cut 7,500 German Jobs Amidst Declining China Sales
Audi will cut 7,500 jobs in Germany by 2029 to improve competitiveness, investing €8 billion in German plants while facing declining sales in China due to increased competition; this follows a similar move by Volkswagen and reflects struggles in the German auto industry.
Audi to Cut 7,500 German Jobs Amidst Declining China Sales
Audi will cut 7,500 jobs in Germany by 2029 to improve competitiveness, investing €8 billion in German plants while facing declining sales in China due to increased competition; this follows a similar move by Volkswagen and reflects struggles in the German auto industry.
Progress
44% Bias Score
Baden-Württemberg Automotive Industry Faces Competitive Challenges
IG Metall Baden-Württemberg district head Barbara Resch warns that the region's automotive industry is falling behind competitors in key areas like e-cars and software, leading to job cuts and potential economic decline unless policy changes are made to improve framework conditions.
Baden-Württemberg Automotive Industry Faces Competitive Challenges
IG Metall Baden-Württemberg district head Barbara Resch warns that the region's automotive industry is falling behind competitors in key areas like e-cars and software, leading to job cuts and potential economic decline unless policy changes are made to improve framework conditions.
Progress
36% Bias Score
German Auto Industry Faces Recession Amidst Policy Uncertainty
The German automotive industry is facing a recession due to inconsistent government support for electric vehicles, high energy costs, and excessive bureaucracy, with the upcoming elections adding further uncertainty.
German Auto Industry Faces Recession Amidst Policy Uncertainty
The German automotive industry is facing a recession due to inconsistent government support for electric vehicles, high energy costs, and excessive bureaucracy, with the upcoming elections adding further uncertainty.
Progress
40% Bias Score
ZF Friedrichshafen Faces Worker Protests Amidst 14,000 Job Cut Plan
Thousands of ZF Friedrichshafen employees protested job cuts at German sites, including 6,000 in Friedrichshafen and 4,500 in Schweinfurt, following management's announcement of up to 14,000 job cuts by 2028 due to declining orders and high costs of electric motor transition.
ZF Friedrichshafen Faces Worker Protests Amidst 14,000 Job Cut Plan
Thousands of ZF Friedrichshafen employees protested job cuts at German sites, including 6,000 in Friedrichshafen and 4,500 in Schweinfurt, following management's announcement of up to 14,000 job cuts by 2028 due to declining orders and high costs of electric motor transition.
Progress
36% Bias Score
Trump's 25% Auto Tariff Slams German Carmakers
President Trump imposed a 25% tariff on all foreign cars, significantly impacting German automakers who export approximately 450,000 vehicles annually to the US, valued at $24.8 billion; this comes at a time when their European and Chinese sales are already declining.
Trump's 25% Auto Tariff Slams German Carmakers
President Trump imposed a 25% tariff on all foreign cars, significantly impacting German automakers who export approximately 450,000 vehicles annually to the US, valued at $24.8 billion; this comes at a time when their European and Chinese sales are already declining.
Progress
52% Bias Score
Trump Imposes 25% Tariff on Auto Imports
President Trump announced 25% tariffs on auto imports to the US, effective April 2nd, aiming for $100 billion in revenue and increased domestic production, escalating trade tensions with the EU and potentially impacting consumers.
Trump Imposes 25% Tariff on Auto Imports
President Trump announced 25% tariffs on auto imports to the US, effective April 2nd, aiming for $100 billion in revenue and increased domestic production, escalating trade tensions with the EU and potentially impacting consumers.
Progress
52% Bias Score
BMW Profit Plunges 37% Amidst China Slowdown and Supply Chain Woes
BMW's after-tax profit fell 37% to €7.7 billion in 2024 due to weaker sales in China (-8.4% to €142 billion) and supply chain issues; however, they anticipate a recovery in 2025.
BMW Profit Plunges 37% Amidst China Slowdown and Supply Chain Woes
BMW's after-tax profit fell 37% to €7.7 billion in 2024 due to weaker sales in China (-8.4% to €142 billion) and supply chain issues; however, they anticipate a recovery in 2025.
Progress
44% Bias Score
German Auto Investment Shifts Abroad
The German automotive industry invested 53% of its €99 billion budget outside Germany in 2023, reversing a trend that saw a majority of investment domestically until 2021; this is attributed to high energy prices and bureaucratic costs.
German Auto Investment Shifts Abroad
The German automotive industry invested 53% of its €99 billion budget outside Germany in 2023, reversing a trend that saw a majority of investment domestically until 2021; this is attributed to high energy prices and bureaucratic costs.
Progress
36% Bias Score
German Mayors Demand Overturn of EU's 2035 EV Mandate
Mayors of 15 German cities, led by Saarbrücken's Uwe Conrad, demanded the European Commission overturn its 2035 Battery Electric Vehicle mandate, warning of over 600,000 job losses and plant closures, and proposing alternative solutions including plug-in hybrids and investments in charging infrastru...
German Mayors Demand Overturn of EU's 2035 EV Mandate
Mayors of 15 German cities, led by Saarbrücken's Uwe Conrad, demanded the European Commission overturn its 2035 Battery Electric Vehicle mandate, warning of over 600,000 job losses and plant closures, and proposing alternative solutions including plug-in hybrids and investments in charging infrastru...
Progress
56% Bias Score
Showing 13 to 24 of 32 results