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VW to cut 50,000 jobs amid Trump tariffs and falling Chinese sales

10 mars 2026 à 12:40

Car group reports 54% drop in pre-tax profits as it says Iran war could affect demand for Audi and Porsche brands

Europe’s largest automaker, Volkswagen, is to shed 50,000 jobs by the end of the decade, as it faces falling sales in China and North America and punitive US tariffs imposed by Donald Trump.

The 10-brand group, whose luxury subsidiaries Porsche and Audi are also under pressure, said the jobs would go in Germany, affecting the entire group, as part of a restructuring drive in light of the darkening global business climate.

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© Photograph: Christopher Neundorf/EPA

© Photograph: Christopher Neundorf/EPA

© Photograph: Christopher Neundorf/EPA

‘Bitter result’ for Friedrich Merz as Greens win in German car heartland

9 mars 2026 à 14:54

Cem Özdemir gains 30.2% of vote in Baden-Württemberg, ahead of CDU, with far-right AfD in third

Friedrich Merz’s Christian Democrats (CDU) have stumbled into a busy election year with a defeat to the Greens in a key state poll, as his embattled party struggles to fend off a challenge in other pivotal races from the far right.

The German chancellor’s conservative CDU had enjoyed a double-digit lead in the south-western car production region of Baden-Württemberg just weeks ago but the Greens and their charismatic candidate Cem Özdemir eked out a half-point-margin win in Sunday’s poll with 30.2%.

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© Photograph: Bernd Weißbrod/AP

© Photograph: Bernd Weißbrod/AP

© Photograph: Bernd Weißbrod/AP

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