Ford to cut 4,000 European jobs, cites weak EV demand and competition
Berlin: Ford announced plans to cut around 14% of its European workforce, equating to 4,000 jobs, citing weak electric vehicle (EV) demand, limited government support, and competition from subsidized Chinese automakers, media reports said.
Tesla likely to import cars from Germany in intial phase to enter Indian market: Report
New Delhi: Tesla will launch its entry into the Indian market with direct imports from its German Gigafactory, contrary to earlier reports that the Elon Musk-led company would manufacture cars in India, media reported.
World's 4th largest economy Germany slips into recession: Report
The euro experienced a decline on Thursday as Germany, the largest economy in Europe, slipped into recession, Reuters reported.
Berlin (Germany): The Department of Consumer Affairs and the German Federal Ministry for Economic Affairs and Climate Action signed the new Work Plan for 2023 during the 9th Annual Meeting of the Indo-German Working Group on Quality Infrastructure. The plan was signed in Berlin, Germany on 25 April 2023.
France starts direct gas supplies to Germany
Paris: Germany has started receiving gas supplies from French gas network system operator GRTgaz via a connection point in the northeastern commune of Obergailbach, the company said on Thursday.
European countries reviving coal-fired power units amid shortage of gas supply
Ahead of the winter season, many European nations are prepping up their coal-fired power plants as a last resort to cover the gap in case other sources cannot produce enough electricity, especially due to lower gas flows from Russia as a result of disputes triggered by its invasion of Ukraine, media reports said.
Germany supports India's 'Smart Cities' initiative
New Delhi/Berlin, Dec 8 (IBNS): Germany and India have agreed on a close cooperation in integrated sustainable transport system in Bhubaneshwar, Coimbatore and Kochi.