Auto and mobility news on transport policy, electric vehicles and the vehicle market in Germany and Europe.
Volkswagen CEO Oliver Blume presented his new 'Group Target Picture' to the supervisory board – a radical downsizing plan involving plant closures and billions in cuts. But the board refused to approve it, as Handelsblatt reports.
Volkswagen's supervisory board meeting, the works council has given CEO Oliver Blume until Friday to unequivocally address rumors about potential plant closures, according to NDR.
Germany builds too expensively and too complicatedly. A new study shows that excessive standards are slowing housing construction and that square meter prices have risen by 600 euros in 25 years.
The Bundestag has created the legal basis for a new purchase premium for electric cars. Starting in May, buyers can receive between 1,500 and 6,000 euros depending on the model and income.
Industrial production in Germany rose by 0.9 percent in May compared to the previous month, driven by the automotive and construction sectors, according to the Federal Statistical Office.
The IG Metall union has called for a nationwide day of action at Volkswagen on Thursday, coinciding with a supervisory board meeting that will discuss tightened cost-cutting plans.
German industry received more orders than expected in May, according to the Federal Statistical Office. Orders rose by 1.9 percent compared to the previous month.
The sports car manufacturer Porsche may cut up to 4,000 additional jobs, according to information from the Handelsblatt. The cuts would come on top of already announced job reductions.
Resistance is mounting on Volkswagen's supervisory board against possible plant closures. Board member Julia Willie Hamburg calls the plans an inadequate future strategy.
Stefan Hartung is leaving the Bosch Group at his own request on June 30. Christian Fischer will succeed him.
Chinese e-commerce giant Alibaba has filed a lawsuit against the US government after the Pentagon placed it on a list of companies allegedly linked to the Chinese military. The company seeks to overturn the designation.
Michael Obrowski, a longtime Volkswagen manager, is set to become the new finance chief of Deutsche Bahn. According to Handelsblatt, citing DB sources, the supervisory board will approve the appointment on Thursday.
Essen-based construction group Hochtief has been officially listed in the DAX since Monday, replacing Porsche SE, which will now be traded in the MDax. Hochtief is benefiting primarily from the construction of data centers for artificial intelligence.
The DAX is expected to dip slightly on Monday, while Japan's Nikkei reaches new heights. According to Tagesschau, broker IG estimates the German benchmark index 0.1 percent lower at 24,967 points before the Xetra open.
On what would have been her 100th birthday, the family of the late Johanna Quandt announced a ten-million-euro jubilee fund. The Herbert Quandt Media Prize was also awarded at the ceremony.
The European Union is planning import duties on plug-in hybrids from China, according to a press report.
Ahead of the US Federal Reserve's interest rate decision, the DAX barely moved on Tuesday. According to Tagesschau, the benchmark index closed at 24,934 points, up a wafer-thin 0.1 percent.
BMW issued a surprise profit warning on Tuesday evening, hinting at workforce reductions. According to Tagesspiegel, the Munich-based automaker plans to intensify cost-cutting through structural and efficiency measures.
Armored vehicle manufacturer KNDS plans to build two additional production sites in Germany, as announced by Germany CEO Florian Hohenwarter in an interview with the FAZ.
Tesla is preparing to launch its Cybercab robotaxi. New certification documents from the US Environmental Protection Agency (EPA) reveal a range of up to 669 kilometers, as reported by 24tv.
Electric cars can soon not only charge but also feed electricity into the home grid. According to Handelsblatt, first offers for bidirectional charging are on the market, with more to follow.
Chinese construction machinery and equipment manufacturer Sany has delivered the first units of its electric long-haul truck in Germany, according to the company.
German companies are facing growing geopolitical risks, according to a new study by the German Economic Institute (IW Cologne). Trump tariffs and the Iran war are cited as external factors, but domestic problems are also weighing on firms.
The EU has imposed sanctions on Chinese chipmaker Yangzhou Yangjie Electronic Technology (Yangjie), as Handelsblatt reports. This further complicates chip supply for Germany's auto industry.
The German government faces pressure to implement bold reforms to tackle economic challenges. According to Handelsblatt, a reform package with five key points could strengthen Germany's economic position.
The Berlin Classic Days attract thousands of classic car enthusiasts to Kurfürstendamm, showcasing historic vehicles. Despite the climate crisis and rising fuel prices, the passion for classic cars remains unbroken, as reported by Zeit.
Archion, the new truck manufacturer, plans to increase its profit margin to over ten percent and is focusing on strong growth.
The automotive sector warns of greater job losses than previously expected, with up to 225,000 positions at risk, primarily among suppliers.
The German government has approved a fuel discount package to reduce high fuel prices. According to BR, the discount of nearly 17 cents per liter will be granted for two months.
Oliver Zipse has departed from BMW amid shareholder dissatisfaction with his direction. His exit is overshadowed by technical issues during the virtual annual meeting, as reported by Elt.
The VinFast VF6 impresses with numerous extras but also has some weaknesses highlighted in the test report.
Porsche SE has reported a loss of €923 million in the first quarter of 2026, caused by a substantial write-down on its Volkswagen stake.