Tag: automotive industry
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Crisis in the automotive industry – supplier Schaeffler wants to cut 4,700 jobs
The ailing automotive industry in Europe is affecting more and more suppliers. German automotive and industrial supplier Schaeffler announced on Tuesday that it would...
Crisis in Graz – Magna produced a third fewer cars
Magna's engine is sputtering: the number of vehicles produced in Graz continues to decline and overall sales are declining. An important order from Jaguar...
Recycling in Russia – Chinese use former VW and Mercedes factories
According to insiders, Chinese car manufacturer Chery uses former factories of Western competitors in Russia to build its vehicles. The company assembles the cars...
Industry under pressure – Styrian car supplier DAM goes bankrupt
More bad news from the Styrian automotive industry: With almost 16 million euros in excessive debt, the East Styrian supplier Dynamic Assembly Machines has...
Many effects – turbulence in the vehicle world causes waves
Tens of thousands of jobs could be lost, radical austerity measures must be implemented – there is a lot of turmoil in the automotive...
