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News
BMW's Profit Plummets by More Than a Third
1+ hour, 28+ min ago (549+ words) BMW Headquarters in Munich: Car sales are plummeting. China, in particular, is weighing on the Munich-based company. The second-quarter figures show why the automaker plans to cut thousands of jobs. The new CEO, Milan Nedeljkovic, has a lot of work…...
Musk Helps Trump's Republicans Again in Congressional Elections
1+ hour, 46+ min ago (493+ words) Tech billionaire Elon Musk plans to once again support U.S. President Donald Trump’s Republican Party in a big way in the upcoming congressional elections, despite a temporary rift with Trump. The organization America PAC, founded by Musk, will focus on advertising,…...
BMW is cutting 8,000 jobs worldwide
23+ hour, 37+ min ago (387+ words) Now BMW is joining the list: As the last German automaker to do so, the Munich-based company is launching a major job-cutting program. Around 8,000 jobs are set to be cut worldwide, according to information obtained by the German Press Agency…...
Ford Benefits from SUV Demand in Its Home Market
1+ day, 9+ hour ago (203+ words) bluewin.ch Ford Benefits from SUV Demand in Its Home Market Thanks to strong sales of lucrative SUV models in the U.S., Ford has raised its profit forecast for the current year. The company now expects adjusted pre-tax earnings of between…...
Empa Study Sees Huge Recycling Potential in Fossil-Fuel-Based Buildings
1+ day, 23+ hour ago (246+ words) Valuable resources lie hidden in old coal mines and oil platforms. (Illustrative image) Decommissioned oil platforms, coal mines, and power plants contain enormous amounts of steel and copper. According to a Swiss study, recycling these “urban mines” could make the…...
Porsche to Cut Another 5,000 Jobs
2+ day, 18+ hour ago (91+ words) bluewin.ch Porsche to Cut Another 5,000 Jobs Sports car manufacturer Porsche is cutting another 5,000 jobs in the Stuttgart region. In return, the job protection program will be extended through the end of 2035, according to a joint statement by the company…...
Job Cuts at Porsche Continue
2+ day, 18+ hour ago (260+ words) bluewin.ch Job Cuts at Porsche Continue Porsche, the sports car and SUV manufacturer, is cutting an additional 5,000 jobs in the Stuttgart region by 2035. The cuts will affect the main plant in Stuttgart-Zuffenhausen and the development center in Weissach. In…...
In Altstätten, SG, robotaxis are already a common sight on the streets
5+ day, 23+ hour ago (677+ words) In Altstätten, SG, robotaxis are already part of everyday life, so to speak. Postauto AG is testing the use of highly automated cars there that can carry up to three passengers. A test drive shows how the robotaxi handles traffic…...
VW's Profit Plummets by a Third
6+ day, 1+ hour ago (276+ words) The Volkswagen Group reported another decline in profits in the second quarter. From April through June, consolidated net income after taxes fell by 32.9 percent to 1.54 billion euros, according to a statement from Europe’s largest automaker in Wolfsburg. In the second…...
EU Auto Market Continues to Grow – Chinese Sales on the Rise
1+ week, 2+ hour ago (318+ words) In June, new passenger car registrations in the EU rose by 13.6 percent. Fully electric cars and hybrid models are seeing particularly strong growth. Electric and hybrid cars continued to drive the EU auto market in June. Overall, new passenger car…...