Volkswagen profit plunges on high costs, Chinese slump
Frankfurt (Germany) (AFP) - Europe's biggest carmaker Volkswagen reported a 64-percent drop in third-quarter net profit Wednesday, as it struggles ...
Tuesday, August 11, 2026
Tag: automotive industry
Hefty electric vehicle costs dent Ford profits
New York (AFP) - Ford reported lower profits Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle ...
Crisis-hit VW mulls closing at least three German plants
Frankfurt (Germany) (AFP) - Ailing auto giant Volkswagen plans to close at least three factories in Germany and slash tens ...
Crisis-hit VW eyeing plant closures, deep pay cuts: report
Frankfurt (Germany) (AFP) - Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ...
New models help Renault maintain sales in third quarter
Paris (AFP) - Renault said Thursday it managed to post an increase in third quarter revenue, weathering the overall slowdown ...
Wolfspeed and ZF put German chip factory on ice
Berlin (AFP) - US chipmaker Wolfspeed and the auto supplier ZF have put plans for a semiconductor factory in Germany ...
Volvo Cars cuts sales forecast on market headwinds
Stockholm (AFP) - Sweden's Volvo Cars on Wednesday drastically cut its sales forecast for the year, saying car markets in ...
Strong auto prices lift GM results as it eyes China revamp
New York (AFP) - General Motors reported strong earnings Tuesday on robust pricing as the Detroit giant said it was ...
Hyundai Motor India shares dip on debut after record IPO
Mumbai (AFP) - Hyundai Motor had a lacklustre Indian market debut on Tuesday after raising $3. 3 billion in the ...
Stellantis workers march in Italy over production slump
Rome (AFP) - Thousands of striking Stellantis workers protested in Rome on Friday over temporary layoffs and production stoppages in ...
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