German auto parts and tyre manufacturer Continental is to cut some 7,150 jobs worldwide due to its cost-cutting efforts in the weakening automotive supply business. This corresponds to more than 3% of ...

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 ...

FRANKFURT, July 22 (Reuters) - German car parts maker Bosch will cut up to 1,100 jobs by 2029 and restructure its Reutlingen plant as a rapidly worsening auto market drives down sales, a senior ...

Webasto, which produces auto parts including roof and heating systems, has also faced more competition in China from domestic players, prompting declining sales there in 2023. The backdrop is making ...