(Bloomberg) — Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains. About 2,800 of ...

The German automotive industry is witnessing some pressing times as experts fear a bankruptcy wave within the automotive parts suppliers' segment. Avir Guss, a leading auto parts manufacturer, ...

German parts supplier Continental plans to cut a further 3,000 research and development jobs in its automotive division by the end of 2026, with more than half of the cuts to hit plants in Germany.

It seems like the whole world is rushing to find fuel-efficient solutions and cut down on emissions. Europe is introducing more low-emission zones. France planning to take that goal further with ...

German auto parts manufacturer Schaeffler said it would cut thousands of jobs across Europe as part of a restructuring program aimed at boosting its competitiveness in a challenging market. The ...