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In Germany, where both the modern car and diesel engine were born, the number of registered diesel cars had soared by 50% to 15 million since 2008, according to Commerzbank.
Plus, targeting German carmakers would hurt American workers and the US economy. German automakers sold 1.35 million vehicles in the United States in 2017, about 8% of total US car sales.
Industrial production in Europe’s biggest economy fell 1.5% in June compared with May, driven by a 3.5% drop in Germany’s vast automotive sector.
German taxi drivers took to the streets in a dozen cities nationwide on Wednesday, calling for stricter regulations for ...
Faced with the collapse of the model that made them — and Germany — rich, automakers face an existential challenge. Above all, they must figure out if Germany’s traditional engineering prowess is ...
Car production has also suffered because of weaker domestic demand, due to the overall state of the German economy, the VDA added, noting that wider macroeconomic trends also impact the auto sector.
Germany's net exports fell by half over the same period, to 1.2 million cars. Chinese factory capacity is estimated at 50 million vehicles a year, roughly half of global demand. Skimping on investment ...
Volkswagen is the world’s largest carmaker, and it plays an outsized role in the German economy. The company employs nearly 300,000 people in Germany, and operates 27 plants in the country ...
Mr. Mattes, former head of Ford’s operations in Germany, quoted studies estimating that a shift to electric cars could cost 70,000 jobs in Germany by 2030. Some estimates are higher.
BERLIN – Germany's economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country's traditional exports of cars and ...
The German economy failed to return to its pre-pandemic size in 2021 as microchip shortages hit production in the car industry and further COVID-19 restrictions slowed down the recovery of Europe ...
Germany's economy contracted for the second consecutive year in 2024, continuing its struggle with a series of internal and external challenges.