Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany's ailing economy at a campaign event in the historic home base of the crisis-hit auto titan Volkswagen. In front of cheering supporters, Scholz defended his government's ...

Chancellor Olaf Scholz’s main challenger in Germany’s upcoming election plans to put proposals for a tougher migration policy to parliament

German Chancellor Olaf Scholz on Tuesday sharply criticized Elon Musk's backing of the right-wing parties in the European Union, calling it "really disgusting" and said it was hindering democracy in the bloc.

German Chancellor Olaf Scholz accused his main rival in the federal elections next month of breaking a taboo by signaling his openness to pushing disputed measures on migration through parliament with the far-right Alternative for Germany.

The European Union is working on a proposal for bloc-wide purchase incentives for electric vehicles to support the bloc’s struggling automakers, German Chancellor Olaf Scholz said Tuesday.

German companies, particularly the carmakers, face huge market pressure in China. For years derided as producing cheap, clunky cars, Chinese manufacturers — admittedly heavily supported by the state — have shot past their German counterparts in developing electric vehicles.

German industry has for years called out high energy prices and poor economic policies for making them uncompetitive. A coalition of SMEs is now saying enough is enough.

A leading consumer-climate index conducted by research groups GfK and the Nuremberg Institute for Market Decisions slipped to minus 22.4 in February's forecast, from minus 21.4 in January. It was a little weaker than the minus 21.8 reading expected by economists polled by The Wall Street Journal.

Monday, shares of Volkswagen AG (VOW:GR) (OTC: OTC:VWAGY), currently valued at $53.42 billion, remained in focus as Citi analysts reiterated their Buy rating and EUR125.00 price target. Trading at an attractive P/E ratio of 4.

The Ifo Institute's business-climate index rose to 85.1 in January from 84.7 in December, a little better than expected by economists polled by The Wall Street Journal. December's result was the lowest point since May 2020, when pandemic restrictions severely curtailed economic activity.

The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.

The decline in European production is accelerated by a trend known as 'local for local', which sees carmakers, such as German brands, increasingly produce their cars and source their supplies in the destination country of the cars. That is, by building cars for the US market in northern America.