Egypt, Volkswagen advance plans for local car manufacturing
Egypt’s Minister of Industry Kamel El-Wazir held a videoconference on Wednesday with Volkswagen Group CEO Thomas…
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Volkswagen
EU-US trade deal lifts outlook for European corporate earnings
The outlook for European corporate earnings improved on Tuesday, according to Reuters, citing LSEG I/B/E/S data,…
Global automaker stocks plunge as Trump announces 25% tariffs
Automaker stocks tumbled Thursday after US President Donald Trump announced a 25 per cent tariff on all imported…
Trump’s tariffs could hit Central Europe’s economies – S&P Global
US President Donald Trump's plan to impose 25 per cent tariffs on European Union imports could dent Central…
Volkswagen sales fall 2.3% amid cost pressures
Volkswagen reported on Tuesday a 2.3 per cent drop in its sales to just over nine million vehicles for 2024 as it…
BYD’s EV sales reach 1.76m in 2024
China’s BYD Co. reported on Wednesday record-breaking sales of 4.25 million passenger vehicles in 2024, driven by a…
Honda, Nissan exploring potential merger
Honda and Nissan are expected to announce a partnership on Monday to investigate the possibility of merging.
VW averts closures, announces workforce reductions
Volkswagen announced on Friday a comprehensive restructuring plan that includes 35,000 future job cuts and reduced…
German business sentiment in China hits record low in ’24
Business sentiment among German companies in China has reached an all-time low, according to the German Chamber of…
Volkswagen, SAIC decide to sell Xinjiang factory
Volkswagen and Shanghai's SAIC Motor have decided to sell a factory in Xinjiang, China, following criticism over…