Daimler Looks to Cut Thousands of Jobs
Daimler AG aims to slash thousands of jobs over the next three years and cut labor costs by $1.5 billion, the latest round of cost cuts in a sector squeezed Continue Reading
The Natural Gas Nation Every Exporter Is Targeting
Germany’s economy is the biggest and most dynamic in Europe and its gas demand makes it Gazprom’s largest customer in terms of natural gas imports. The country’s gas consumption is Continue Reading
Continental to cut 5,040 jobs as combustion engine demand falls
German auto supplier Continental ( CONG.DE ) on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting Continue Reading
BMW orders more than 10 billion euros’ worth of battery cells
German carmaker BMW on Thursday said it had ordered more than 10 billion euros’ ($11.07 billion) worth of battery cells from Chinese battery cell maker Contemporary Amperex Technology Co (CATL) Continue Reading
BMW targeting ~600 km (~373 mile) range for electric i4 in 2021; 390 kW/530 hp motor
BMW will introduce the electric i4 ( earlier post )—the Group’s first purely electrically powered model for the premium mid-range—in 2021. The i4 will feature the fifth-generation BMW eDrive technology Continue Reading
Germans fall out of love with wind power
From the glass-fronted living room of his house in Ober-Ramstadt, Gunther Schulz points towards the wooded hills that rise on the other side of the valley. It is a fine Continue Reading
VW starts battery system production in Germany, targets 500,000 units/year
VW has started production of lithium-ion battery systems at a factory in Braunschweig, Germany, set to produce 500,000 units per year, the automaker said Friday. VW started the production of Continue Reading
Tesla May Have Just Found A Home For Its Next Gigafactory
Europe’s biggest economy, Germany, which is also set to be one of the biggest and fastest-growing electric vehicle (EV) markets in the world, could be the ideal location for Tesla’s Continue Reading
German Coal Consumption Continues To Crash
Lignite and bituminous coal produced 50 percent less energy than renewables in Germany during the first three quarters of 2019, a new report by the Centre for Solar Energy and Continue Reading
Merkel wants Germany to have one million electric car charging points by 2030
Germany should have one million charging stations for electric cars by 2030, Chancellor Angela Merkel said in a video message on Sunday, ahead of meetings on Monday with the car Continue Reading