Automotive

Audi to slash 9,500 jobs in Germany by 2025

German luxury carmaker Audi said Tuesday it planned to slash 9,500 jobs in Germany by 2025 as part of a massive overhaul to help finance a costly switch to electric vehicles.

Business

Continental launches job cuts, savings drive

German car parts giant Continental said Wednesday it would launch a massive restructuring including job cuts and factory closures, aiming to save hundreds of millions of euros annually in costs.