# automotive industry
Latest news and articles about automotive industry
Total: 3 articles found
Volkswagen Cuts One-Third of Executives and Reorganises Factories as China EV Shock Hurts Profits
Volkswagen is cutting a third of executives in its core brand cluster and consolidating factories into five production regions as part of a drive to save €1 billion by 2030. The measures respond to a sharp sales slowdown in China, steep declines in local EV volumes and tariff pressures in North America that have eroded profits and forced tougher restructuring.
China’s January Car Retail Slumps Month-on-Month but EVs Now Nearly Half the Market
January retail sales of China’s narrow passenger-car market are estimated at about 1.8 million units, down 20.4% from December but roughly flat year-on-year. NEVs made up around 800,000 of those sales, reaching a 44.4% retail penetration and underscoring the swift structural shift toward electrified vehicles.
Germany Revives EV Purchase Grants — Up to €6,000 to Reignite Demand and Protect the Auto Industry
Germany has reinstated purchase subsidies for electric cars, offering between €1,500 and €6,000 to private buyers of new battery electrics and certain hybrids registering from 1 January 2026. The policy aims to boost demand, protect domestic industry and accelerate decarbonisation, but its effectiveness will depend on targeting, uptake and complementary investments in infrastructure.