Schaeffler, which supplies GM, BMW and others, said it’s responding to the downturn in the auto market and intensifying competition.
November 3, 2026BusinessTechnologyEquipment
ZF CEO calls China 'center of gravity' for electric trucks
Electric trucks already account for about 30% of the Chinese market and ZF expects that share to rise toward 50%, CEO Mathias Miedreich told reporters.
September 9, 2026GovernmentBusinessTechnologyEquipmentFuel
EU could fine Daimler Truck 1B euros on emissions rules
CEO Karin Radstrom said, “I think these penalties aren’t fair,” and Daimler Truck has “done its homework” by developing several emission-free truck models.
August 10, 2026BusinessTechnologyEquipmentAutonomous
Automotive Technology Supplier Aumovio to Cut 4,000 Jobs
Aumovio will cut up to 4,000 jobs in research and development worldwide as the German auto supplier moves to rein in costs amid a “challenging” market environment and intensifying competition.
January 27, 2026