Chancellor Olaf Scholz on Friday laid out his vision to revitalise Germany's ailing economy at a campaign event in the historic home base of crisis-hit auto titan Volkswagen. In front of a crowd ...

Chancellor Olaf Scholz’s main challenger in Germany’s upcoming election plans to put proposals for a tougher migration policy to parliament

Wolfsburg (Germany) (AFP) – Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany's ailing economy at a campaign event in the historic home base of the crisis-hit ...

German industry has for years called out high energy prices and poor economic policies for making them uncompetitive. A coalition of SMEs is now saying enough is enough.

German Chancellor Olaf Scholz on Tuesday sharply criticized Elon Musk's backing of the right-wing parties in the European Union, calling it "really disgusting" and said it was hindering democracy in the bloc.

Auto industry jobs have long been the lifeblood of the German town of Luedenscheid but now, a trade union official says, the sector's woes have sparked fears it will turn into an "open-air industrial museum".

German Chancellor Olaf Scholz on Wednesday insisted that a new aid package for Ukraine must be financed by lifting strict rules on government borrowing, accusing rival parties of "lying to the public" ahead of Germany's election on February 23.

The decline in European production is accelerated by a trend known as 'local for local', which sees carmakers, such as German brands, increasingly produce their cars and source their supplies in the destination country of the cars. That is, by building cars for the US market in northern America.

German companies, particularly the carmakers, face huge market pressure in China. For years derided as producing cheap, clunky cars, Chinese manufacturers — admittedly heavily supported by the state — have shot past their German counterparts in developing electric vehicles.

The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.

Monday, shares of Volkswagen AG (VOW:GR) (OTC: OTC:VWAGY), currently valued at $53.42 billion, remained in focus as Citi analysts reiterated their Buy rating and EUR125.00 price target. Trading at an attractive P/E ratio of 4.

The European Union’s largest economy, Germany, is experiencing a deindustrialisation trend due to factors such as high energy costs, unhelpful government policies and investment shortfalls. The country’s fading industrial competitiveness isn’t likely to improve soon,