Michelle Fitzpatrick

  • German carmaker Volkswagen (VW) and Porsche AG CEO Oliver Blume (L) and Volkswagen Brand CEO Thomas Schaefer attend a company’s general meeting in Wolfsburg, northern Germany, on September 4, 2024. German automotive giant Volkswagen said on September 2, it could take the unprecedented move to close production sites in Germany and threatened further job cuts as its savings plans stalled. (Photo by Moritz Frankenberg / POOL / AFP) (Photo by MORITZ FRANKENBERG/POOL/AFP via Getty Images)Retail

    Volkswagen’s reckoning: Job cuts, factory closures, and a 10% pay slash loom over Germany’s auto icon

    By Michelle Fitzpatrick and AFP
  • German Minister of Economics and Climate Protection Robert Habeck uses a visual during a press conference on the government’s updated growth forecast, in Berlin on October 9, 2024. The German government slashed its 2024 forecast on October 9, 2024 and said it now saw Europe’s largest economy contracting for a second straight year before a recovery gets under way in 2025, bolstered by domestic and foreign consumption. (Photo by John MACDOUGALL / AFP) (Photo by JOHN MACDOUGALL/AFP via Getty Images)Finance

    German government slashes economic growth forecast, warning ‘structural problems’ will remain until 2025

    By Michelle Fitzpatrick and AFP