Cologne Toyota strengthening his position within the matter. It is in Cologne that the automaker is opening its first logistics megahub. “This is Toyota’s biggest center in Europe, with a capacity of up to 350,000 cars a year,” he said in an interview for SZ Byznys Overview Toyota Motor Manufacturing Czech Republic Robert Kiml. 420 … Read more
Car emergency Volkswagen and by extension the entire European industry is entering the next phase. The company will report third-quarter results on Wednesday and management will meet again with the IG Metall union, which is threatening a strike at the company over layoff plans. According to an economist and electromobility expert Jan Staňka the company’s … Read more
Automaker Volkswagen plans to close at least three plants in Germany, cut tens of thousands of jobs and cut wages by 10 percent, with no raises over the next two years. Daniela Cavallová, the head of the Volkswagen works council, said on Monday that she will write the day Financial Times. The restructuring of the … Read more
According to the OECD, the German economy will spend the entire year 2024 in recession and will recover by only one percent next year. Cars from German factories are losing ground in the world market to China to a large extent, Mario Draghi’s research has revealed, and according to statistics from the European Automobile Manufacturers … Read more
Canceling the European Union’s 2025 emissions targets will only mean that European carmakers will fall further behind their Chinese rivals. This was said by Carlos Tavares, CEO of the fourth largest car group in the world Stellar. Several car manufacturers, including Renault and Volkswagen, and the European Automobile Manufacturers Association have asked the European Union … Read more