The Latest Breaking News from Handelsblatt

Volkswagen saw its electric car sales decrease by 2.7% in 2024 when Audi fell even harder, with EV deliveries declining by 7.8%. Demand for the VW Group's zero-emission models decreased by 3.4%, proving that the transition to an all-electric lineup will be bumpy. A new report indicates the two brands…

Right before Christmas, Volkswagen reached an agreement with German unions to reduce its workforce by over 35,000 people by 2030 through a "socially responsible reduction" program. This drastic decision is part of a broader plan to cut costs in the company's domestic market. Labor costs alone will be slashed by…

The updated Tesla Model Y is reportedly going into production today at the company’s European factory in Germany. According to the German newspaper Handelsblatt, employees at Tesla’s Gigafactory Berlin facility were informed of the product launch yesterday, with assembly set to begin today, January 14.

Workers' representatives will update VW staff at all 10 German plants about management's latest savings proposals at 1000 GMT, with many bracing for news of thousands of job cuts.

Tesla managers in Germany caused controversy by visiting employees' homes to verify sick leave after absentee rates surged to 17% in August, sparking criticism from workers and unions, though management defended the move as a response to potential abuse of sick leave policies.

Unionized workers claim poor conditions are responsible for employees calling out sick.

Kolanovic wants Wall Street to know he correctly predicted this summer's correction in the stock market, even if he paid for it with his job.

Today on Critical Materials: VW delays flagship "Trinity" EV, Musk and Tesla seem to disagree on subsidies, and South Korea presses for EV battery transparency.

Christophe Fouquet asserted in a Monday interview that non-Chinese chip industries are not producing enough mature chips to meet demand.