MUNICH (DPA, CONVERSEER) – Only a small minority of German companies are confident about the coming year, despite slightly better economic prospects, according to a survey published on Monday. The Munich-based ifo institute said that just under 15% of companies expect their situation to improve in 2026. A sizeable majority, 59%, do not expect any…
By Johannes Neudecker, dpa SHANGHAI (CONVERSEER) – In the race to develop autonomous driving technology, German automotive giant Volkswagen is taking a significant step by developing its own artificial intelligence (AI) chips in China. “By designing and developing the System-on-Chip here in China, we are taking control of a key technology that will define the…
By Julian Weber, dpa STUTTGART (DPA, CONVERSEER) – Oliver Blume is to step down as chief executive of German sports carmaker Porsche, the Stuttgart-based company said on Friday. Blume also serves as chief executive of Porsche’s parent company, the Volkswagen Group, a dual position that has attracted significant criticism amid years of struggles for the…
BERLIN (DPA, CONVERSEER) – Volkswagen (VW) is offering to make large-scale investments in the United States to ward off high tariffs on its imported vehicles, according to chief executive Oliver Blume. “The Volkswagen group aims to invest more in the US,” Blume told Germany’s Süddeutsche Zeitung daily in remarks published on Friday. VW already employs…
By Julian Weber, dpa Germany’s leading car manufacturers lagged behind much of the global competition last year, struggling with weak sales and falling profitability, according to an analysis by auditing and consulting firm EY.While Volkswagen reported a slight sales increase in 2024, BMW and Mercedes-Benz saw declines, leading to an overall revenue drop of 2.8%…
