One of the reasons cited by the privately-owned company is the “economic viability” during the testing business environment.

Germany's struggling manufacturing sector showed signs of recovery in May, with factory orders rebounding after a setback in April and rising by much more than economists had expected. Seasonally and ...

German factory orders rose much more strongly than expected in June, official data showed on Thursday. New orders increased 3.1% from the previous month, accelerating from a revised 0.3% rise in May ...

The German auto giant risks a confrontation with its powerful works council as it contemplates a massive ramp-up in cost reductions that would significantly affect its headcount. Volkswagen is ...

Tens of thousands of automotive workers from across Germany have protested in demonstrations across the country as its car ...

German police blocked protesters trying to get onto the Tesla grounds at its Berlin-Brandenburg factory, a Brandenburg police spokesperson told CNBC. "The situation is dynamic," the police ...

BERLIN, May 4 (Reuters) - German manufacturer sentiment turned ⁠negative ⁠in April for the ⁠first time since October 2024 even as overall activity grew, with firms frontloading orders to beat price ...

Volkswagen’s ( VWAGY) Osnabrueck plant is poised to shift from vehicle manufacturing to defense production, offering a potential lifeline for hundreds of workers as the automaker undertakes a sweeping ...

The US dollar is a little softer today but mostly consolidating yesterday's moves against the G10 currencies. As widely expected, the Reserve Bank of India cut its repo rate by 25 bp to 5.25% and ...

German factory output has increased for three straight months – Copyright AFP Damien MEYER German industrial production unexpectedly jumped in November but exports ...

Volkswagen’s plant in Zwickau stopped producing Golfs and switched to electric vehicles, illuminating the risks and opportunities for factory towns and cities. The Volkswagen factory in Zwickau, ...