BERLIN, German | Xinhua | Germany’s auto industry have cut more than 51,000 jobs over the past year as weak demand, U.S. tariffs and the costly shift to electric vehicles weighed heavily on the sector, according to a report by consultancy EY. Employment in the auto sector fell by nearly …
Read More »Germany’s Merkel to open embattled Frankfurt car show
Frankfurt am Main, Germany | AFP | German Chancellor Angela Merkel opens the biennial IAA car show in Frankfurt to the public Thursday, addressing an auto industry on the defensive over safety and the environment. Climate protection protesters plan a rally outside the show Saturday, saying the sector is failing to …
Read More »Auto industry dented by latest Trump tariffs
New York, United States | AFP | President Donald Trump’s plan to impose tariffs on Mexico will affect myriad industries, but few are as exposed as automakers. Shares of several major automakers and auto suppliers dived five percent or more following Trump’s announcement Thursday night that the United States would impose …
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