After growth in recent years, China-headquartered manufacturers today account for about 3% of all new passenger car registrations in Germany. Brands of Japan and South Korea make up 8% and 6% of ...
The car parts manufacturer said some 3,800 of the layoffs are to be made in Germany. Bosch and other German firms are pushing to reduce costs in order to stay competitive in the international market.
A German supplier of clutches is preparing to cut hundreds of jobs in Sheffield as the industry shifts towards electric cars. Schaeffler, which is headquartered in Bavaria, said it would cut 4,700 ...
Experts confirm that the demand for new cars in Germany continues to decline. Low sales negatively affect automakers. Companies, such as Ford, are forced to introduce a reduced working day and lay off ...