Business

Europe's auto suppliers reach the end of the road

Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close.

Automotive

Volkswagen to reduce workforce as it chases profits

Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars.

Electronics & Semiconductors

GM reaches computer chip supply deal with GlobalFoundries

With the global shortage of semiconductors still crimping U.S auto production, General Motors has signed a deal with chipmaker GlobalFoundries to dedicate part of an upstate New York factory to supply the automaker.

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