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. The embattled chancellor,

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.

Olaf Scholz became German chancellor with a pledge to modernise and jolt Europe’s largest economy from its paralysis. But just two months after taking office, Russia’s full-scale invasion of Ukraine in February 2022 ripped the Social Democrat’s plans apart and strained his coalition with the Greens and the Liberals.

German Chancellor Olaf Scholz is under mounting pressure ahead of next month's snap election as the country's economy shrinks for a second year in a row.

Chancellor Olaf Scholz on Friday laid out his vision to revitalise Germany's ailing economy at a campaign event in the historic home base of crisis-hit auto titan Volkswagen. In front of a crowd ...

Following the collapse of Chancellor Olaf Scholz's coalition ... and poor results at leading companies throughout the year. Volkswagen, Europe's biggest carmaker, has come to symbolise the ...

Chancellor Olaf Scholz’s three-party coalition government ... including a drumbeat of job cut announcements at major companies including Volkswagen, steelmaker and industrial conglomerate ...

Germany is in the middle of its worst economic slowdown in years. Official figures show two years of consecutive GDP contraction, and 2025 is unlikely to bring any relief, projected at near-zero growth.

Friedrich Merz, the conservative front-runner in the race to be Germany’s next chancellor, warned domestic companies against making bigger investments in China.

Auto industry jobs have long been the lifeblood of the German town of Luedenscheid but now, a trade union official says, the sector's woes have sparked fears it will turn into an "open-air industrial museum".

Auto industry jobs have long been the lifeblood of the German town of Luedenscheid but now, a trade union official says, the sector's woes have sparked fears it will turn into an "open-air industrial museum".

Chancellor Olaf Scholz voiced cautious optimism on Tuesday on the potential for German-U.S. relations under President Donald Trump, citing good first talks with his administration, but stressed the importance of "cool heads" in the face of uncertainty.