
China is accommodating the EU on cars - will this deal save Europe's industry?
AI-generated summary
The European automotive industry is under pressure from a high number of car exports from China. The EU has now entered into negotiations to regulate these imports.
Compromise in Beijing: China is accommodating the EU on cars - will this deal save Europe's industry?
A flood of exports from China is putting a strain on local industry. The EU has now negotiated that Beijing should ship fewer hybrid cars to Europe in the future. But the agreement leaves many questions unanswered.
By Benedikt Müller-Arnold

Klaus Rader, co-founder of the L'Osteria restaurant chain, was fatally injured in a car race in Mallorca. His Porsche fell down a slope during the “Challenge Mallorca 550”. The police are investigating the cause of the accident; the event was canceled.

BMW has started a severance pay program for indirect areas in Germany. The high volume of requests for offers via the 'HR4Me' platform led to a brief overload of the system. The goal is to cut 8,000 jobs by the end of 2027.

German car manufacturers often blame the crisis on high wage costs and bureaucracy. But industry analyzes show that they have missed innovative manufacturing concepts such as cell-to-chassis and gigacasting from China and the USA, which make cars drastically cheaper.

Porsche reports a global sales decline of 16 percent to 178,532 vehicles for the first nine months. The main reasons are the weak markets in China and North America and the phasing out of certain combustion engine models.

Audi has initiated mandatory negotiations about job cuts and working conditions at the Neckarsulm plant after a bad weather clause agreed in the future pact was triggered due to worsening economic conditions. The location is threatened with closure if no cost-cutting concept is presented within a year, which, according to experts, could cost around 50,000 jobs in the region.

BMW iX3 and Mercedes GLC compete as new electric SUVs. BMW leads in Europe with 36,500 new registrations compared to 16,100 for Mercedes. While BMW is benefiting from pre-orders, both brands are struggling with weak demand and strong competition in China.