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German unions warn of massive opposition in turnaround dispute with Volkswagen
9+ hour, 40+ min ago (409+ words) By Rachel More and Christina Amann DRESDEN, Germany, Aug 31 (Reuters) – Germany’s largest union, IG Metall, on Monday warned of maximum resistance to any efforts by Volkswagen to unwind a previously agreed restructuring package, stopping short of threatening strikes ahead of…...
German state minister says higher tariffs could boost Chinese interest in VW plant
1+ mon, 2+ week ago (237+ words) BERLIN, July 16 (Reuters) – The European Union should consider raising tariffs on cars made in China to increase pressure on Chinese automakers to partner with European manufacturers such as Volkswagen, a minister in the German state of Saxony, home to a…...
BMW shares slide after China weakness, Iran war prompt profit warning
2+ mon, 2+ week ago (281+ words) BERLIN, June 17 (Reuters) – BMW shares fell by more than 7% after the German automaker issued a profit warning late on Tuesday, with some analysts saying it signalled a broader strategic rethink. The premium carmaker blamed ongoing weakness in China and the…...