William Boston

BYD is taking aiming at Europe's high volume small-car segment with the Dolphin G DMi plug-in hybrid hatchback, its first model developed for the region.

Porsche CEO Michael Leiters told shareholders the sports-car maker will reduce models, deepen VW cooperation and pursue more job cuts. Operating margin fell to 1 percent in 2025.

For years, Germany's premium automakers insisted weakening China demand and rising tariffs were manageable setbacks. Now BMW and Porsche are telling investors their decades-old export model no longer works.

The automaker’s supervisory board will consider eliminating up to 100,000 jobs globally and closing German factories as China sales plunge and tariffs disrupt exports.

The plant — the largest investment in Infineon’s history — will produce power semiconductors for EVs and AI systems. The supplier said it will reach full production faster than expected because of strong demand.

The automaker's supervisory board meets Sept. 4 to consider closing four German factories. Labor leaders, the state of Lower Saxony and the controlling Porsche-Piech families are at odds over the plan.

Chinese companies including BYD are challenging established brands such as Daimler and Volvo with electric trucks, vans and autonomous vehicles.

Daimler, Volvo, and partners are pushing hydrogen trucks across Europe despite high costs, scarce fuel, and rapid battery-electric advances.

Europe's leading truck makers — MAN, Volvo, Daimler Truck — are split on how to counter Chinese expansion in commercial vehicles.

Audi's CEO joined President Trump on stage to announce a $4 billion Georgia factory, but German labor leaders and politicians are pushing back, complicating parent VW Group's restructuring.