Latest from Michael Gerster
Workers at Porsche's main plant in Stuttgart-Zuffenhausen and its R&D site in Weissach will be affected by the job losses.
Battery problems for the 718 series, questions about the K1′s future and changes to the Cayenne and Panamera come as demand in EV-leaning China tumbles.
Amid weak demand in Europe and slumping sales in China, Mercedes is looking at cutting capacity and laying off workers while doubling down on its luxury strategy that prioritizes profit over volume.
Sales of the upper-premium sedan have plunged in China, the U.S. and Europe as demand for high-end cars stalls.
Sales of the upper-premium sedan have plunged in China, the U.S. and Europe as demand for high-end cars stalls.
The Recaro name still has an excellent reputation in the auto industry, but the future is uncertain with the bankruptcy filing.
With EV demand slumping, Mercedes will stop developing the MB.EA architecture for future E-Class and S-Class models. Instead, it will continue to refine the existing EVA2 platforms.
The VW Group subsidiary has deepened ties with Google and formed new partnerships after sister company Cariad struggled to deliver software in time.
Suppliers will continue to have a harder time than automakers in the coming years, especially as the trend towards insourcing accelerates among automakers.
Industry experts predict that only 200,000 of the 270,000 jobs currently held by suppliers in Germany will be left by 2030, a reduction representing about a quarter of the total positions today.
