Europe’s automotive supply chain will need consolidation
Leading car parts supplier this week announced it was considering spinning off its automotive division
German group says it could list car parts division in late 2025 pending ‘detailed review’
Group aims to save €400mn as it battles to remain competitive in electric vehicle era
Schäfer’s departure linked to investigation by public prosecutors into manipulation of engines installed in VW cars
Current supply crisis has forced groups from Volkswagen to General Motors to cut production
Additional costs from semiconductor shortage as group sees sales rebound this year
Volkswagen, Daimler, GM and Renault vie with consumer electronics groups for scarce chips
New chief of auto parts maker says no more than 30,000 roles at risk even if EU tightens emissions targets
Leading parts supplier decries speed of change while putting 30,000 jobs at risk
Unions accuse car parts supplier of using coronavirus crisis to justify cuts
Report commissioned by car parts maker finds forced labourers were exploited to the point of death
Carmaker must buy operating licences to use 4G technology in its vehicles, rules German court
Hanover headquarters searched in connection with device used by VW in one of its engines
Companies should pull out the stops to support critical suppliers now and prepare to resume production
VW, BMW, Daimler, Continental and Adidas criticised for considering payouts while relying on state funds
German supplier scraps outlook and warns smaller contractors could go out of business
German parts supplier predicts auto sales to fall for third year in a row as coronavirus hits
Infineon, Continental and Osram suffer as falling auto production depresses earnings
Michelin and Continental hit by waves of cheap China imports and global slowdown
German car parts maker says restructuring programme will lead to further costs of €100m
Auto parts supplier says 20,000 jobs at risk over next decade as it unveils restructuring plan
German car parts group to invest in cleaner transport market amid fall in combustion engine sales
For a convincing rebound, investors will need something more positive to talk about
