Germany’s Budget Chaos Sows Uncertainty For the EV Industry
Scarce charging stations and shrinking subsidies already have contributed to a slowdown in Germany’s rollout of electric vehicles.
1970-01-01 08:00
German Budget Chaos Puts Industry’s Green Overhaul at Risk
Germany’s emergency spending freeze is blocking funds for next-generation auto-industry and steel plants, jeopardizing the push to re-engineer
1970-01-01 08:00
Continental to Cut Thousands of Jobs as Costs Hit Auto Unit
Continental AG will cut thousands of jobs worldwide as the German parts supplier moves to reduce costs and
1970-01-01 08:00
Auto-Parts Maker Continental May Cut 5,500 Jobs
Continental AG, one of Europe’s largest auto-parts makers, may announce 5,500 job cuts representing 3% of its staff
1970-01-01 08:00
Schaeffler AG Offers to Buy Out Vitesco in €3.64 Billion Deal
Schaeffler AG is seeking to buy out Vitesco Technologies Group AG, valuing the maker of electric-vehicle and combustion-car
1970-01-01 08:00
Continental Taps Google’s AI Technology for Cars: Munich Update
Europe’s automakers are showing off their latest battery-powered cars at the IAA Mobility car show this week as
1970-01-01 08:00
European Stocks Jump as Banks Rebound After Italy-Fueled Rout
European stocks bounced, led by a jump in Italian banks, as investors weighed a clarification from Italy about
1970-01-01 08:00
Continental Cuts Sales Forecast as Tire Market Softens in Europe
Continental AG cut its sales outlook for the year on weakening markets for tires in Europe and North
1970-01-01 08:00