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German Economy, VW
German Economy Minister Habeck convenes 'car summit'
In view of the crisis in the German automobile industry, Economy Minister Robert Habeck is inviting stakeholders to a "car summit" next Monday. Habeck has invited the automotive industry to an exchange on the current situation,
German economy minister calls on VW to not close factories
German Economy Minister Robert Habeck has called on Volkswagen to refrain from factory closures. "The locations should be preserved," he said during a visit to the VW plant in the north-western city of Emden.
Germany considering ways to support VW, economy minister says
Germany's government was considering ways for it to support Volkswagen, German economy minister and vice-chancellor Robert Habeck said on Thursday when asked about the threat of job cuts at the country's largest carmaker.
Habeck says Germany's considering how to support Volkswagen
German Economy Minister Robert Habeck said that Berlin is looking into ways to support ailing carmaker Volkswagen amid the threat of job cuts. The firm has been grappling with weak electric vehicle sales.
German economy minister aims to lower grid costs, unsure how
German Economy Minister Robert Habeck wants to help the country's industry cope with electricity expenses by relieving it from high grid charges, but acknowledged it is unclear how this could happen.
8h
on MSN
Mercedes Slashes Outlook in Latest Blow to German Industry
Benz Group AG cut its financial forecast for the year due to a rapid deterioration of its business in China, marking the ...
2d
German Stock Market Thrives Despite Economic Struggles
Germany’s DAX index is near an all-time high even though the German economy is shrinking. We’re is the disconnect?
GlobalData on MSN
2d
German industry agree to build next-gen F127 frigates sooner
Thyssenkrupp Marine Systems and NVL Group have set in motion the construction of the new F127, which is “urgently required” ...
Nairametrics
5h
German authorities shut down 47 crypto exchanges over alleged money laundering
German authorities have gone on a crackdown on its crypto industry, shutting down 47 crypto exchanges over allegations of money ...
Digi Times
2d
German automaking industry in turmoil amid EV transition
Benz, and BMW, are all finding themselves struggling to adapt to the trend of vehicle electrification. Supply chain sources ...
10d
German chemicals sector recovery loses momentum in Q2, says industry group
A slight recovery in the German chemicals sector lost momentum in the second quarter, a report by the VCI industry body said ...
Automotive News
3h
German minister dangles prospect of additional aid for automakers
Robert Habeck said that while automakers must take some of the blame for their current woes, he feels “an obligation to do ...
10d
on MSN
BMW Recall and VW Job Threat Deepen German Industry Crisis
BMW AG cut its outlook for the year, saying a faulty braking system from a supplier prompted the recall of 1.5 million ...
13h
Mercedes slashes financial forecast in latest blow to German industry
Mercedes-Benz Cars now expects its adjusted return on sales to be between 7.5 per cent and 8.5 per cent, compared with a ...
Automotive News
1d
Intel's German plant delay lands blow to EU's chip ambitions
The U.S. chipmaker’s move to delay the project in Magdeburg by about two years is a blow to the EU’s goal of producing ...
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