Continental AG is looking to rapidly restructure its workforce and phase out production plants to catch up with new-age mobility options like electric and connected vehicles.
Daimler is cutting jobs citing global economic slowdown and emissions fine; German economic growth exceeds expectations; U.S.-China limited trade deal is still unsigned.
European auto unions and trade groups have come out with a statement that warns of a seismic impact on the auto economies of the EU and the U.K. in the absence of a Brexit trade deal.
German auto industry is going through an economic crisis; Waymo carriers 6,000 passengers in its first month of autonomous taxi service; e-scooter market witnesses a slump in growth.
The German economy shrunk by 0.1 percent in the second quarter of 2019, sparking fears of a recession.
Workers scared of people replacing them than robots; oil markets face nightmarish scenario; German economy is slumping
