Browsing: volkswagen

German automotive manufacturer Volkswagen AG agreed on Monday to sell its Osnabrück assembly plant to Israeli private equity firm Aurelius Capital and the German state of Lower Saxony. Under the preliminary agreement, the new owners will convert the vehicle manufacturing

BRUSSELS, December 17, 2025: The European Union is set to ease its planned 2035 ban on the sale of new combustion engine vehicles after sustained pressure from automakers and several member states, marking a significant policy adjustment in the bloc’s long-term climate agenda.

Tesla experienced a sharp decline in sales across major European markets in April 2025, as new vehicle registrations in Germany and the United Kingdom fell to their lowest levels in over two years. Despite a general uptick in demand for

Germany’s DAX stock index reached a historic milestone on Tuesday, surpassing 20,000 points for the first time despite the country grappling with significant economic challenges. The index, which tracks 40 of Germany’s largest publicly traded companies, has defied domestic economic

Tesla Inc. reported its fourth-quarter and year-end vehicle production and delivery results, revealing the company’s first-ever annual decline in deliveries. Tesla disclosed 495,570 vehicle deliveries and 459,445 units produced in the fourth quarter of 2024, bringing total annual deliveries to

German Chancellor Olaf Scholz has lost a confidence vote in the Bundestag, prompting the dissolution of parliament and setting the stage for snap elections on February 23, 2025. The vote, held on December 16, followed the collapse of Scholz’s three-party

MENA Newswire News Desk: The European Union will proceed with imposing significant tariffs on Chinese-made electric vehicles (EVs), despite opposition from key member Germany, the EU Commission announced Friday. The move, which follows a contentious vote, marks the bloc’s largest