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Thousands more jobs are under threat in Germany's beleaguered automotive industry. Parts supplier Schaeffler said it would cut thousands of jobs for a net reduction of about 3,700 workers. Union officials said Volkswagen plans to shut factories in Germany for the first time. AdvertisementGermany's auto industry is under intense pressure — and now thousands of jobs will go at a key company in the supply chain. Auto parts supplier Schaeffler said on Tuesday it would cut about 4,700 jobs across Europe and close two of its 10 locations in Germany.
Persons: Schaeffler, , Klaus Rosenfeld, Schaeffler's, Mercedes, BYD Organizations: Service, VW, BMW, Mercedes, Benz, Volkswagen, EV, EVs Locations: Germany, Europe, Frankfurt, Europe's, China, Hungary, Turkey
AdvertisementThe days of European carmakers dominating China's luxury vehicle market are over. A study by AlixPartners found that Chinese automakers released 40 over-the-air software updates between March 2023 and February this year, compared with just two from legacy automakers. AdvertisementHard to quitDespite a challenging environment, Western premium automakers can ill afford to give up on China. As well as increased competition, European automakers face a geopolitical headache. AdvertisementTim Urquhart, principal automotive analyst at S&P Global Mobility, told BI the European Union's tariffs on Chinese automakers meant Beijing could impose levies on European car imports in retaliation.
Persons: , Aston Martin, James Bond, Chris Brownridge, BYD, Lutz Meschke, Max, Xiaomi, Steve Dyer, Dyer, AlixPartners, Mercedes, GAO, China's, Tim Urquhart, Urquhart Organizations: BMW, Mercedes, Benz, Porsche, Service, upstarts, Volkswagen, Royce, British, Bloomberg, Reuters, Getty, P Global Mobility Locations: China, British, London, Korea, Western Europe, Beijing
Experts told BI that all three companies face slumping EV sales and brutal competition in China. BMW and Mercedes-Benz have issued profit warnings in recent weeks amid slumping EV sales in Europe and brutal competition in China, while Volkswagen is also facing a reckoning. German carmakers are losing out to Chinese EV makers such as BYD. She added that Mercedes, BMW, and Volkswagen offer comparatively few hybrid and extended-range vehicles — categories that have proven extremely popular in China. Slow sales in EuropeAt the same time, Germany's automakers are also dealing with a slowdown in EV sales in Europe.
Persons: , Arno Antlitz, Mercedes, Hendrik Schmidt, Daniel Pier, Getty Images Helena Wisbert, Wisbert, Matthias Schmidt, Tesla, JENS SCHLUETER, that's Organizations: BMW, Mercedes, Benz, Service, Volkswagen, Wednesday VW, VW, dpa, China Passenger Car Association, Getty Images, Ostfalia University, Getty, European Union, Volkswagen Group, UBS Locations: Germany, China, Europe, North America, South America, China —, AFP
Red Bull is no longer dominantMax Verstappen and Red Bull Racing haven't been as dominant this season. Dan Istitene/Getty ImagesIn a surprising midseason driver swap, Daniel Ricciardo was cut from RB F1, Red Bull Racing's sister team. Audi / Getty ImagesLast week, Toyota announced it would return to Formula 1, joining forces with the Haas F1 team. Audi is poised to join Formula 1 in 2026, taking over the Stake F1 Team Kick Sauber. The American manufacturer Ford also plans to partner with Red Bull in 2026 to provide the team with power units.
Persons: It's, Lewis Hamilton, Bryn Lennon, Mercedes, , Red Bull, Max Verstappen, haven't, Mark Thompson, McLaren's Lando Norris, Verstappen, Verstappen hasn't, Red, Christian Horner, Adrian Newey, McLaren, Andrea Stella, Lando Norris, Song, Oscar Piastri, Bull, Aston Martin, Adrian Newey Adrian Newey, Bradley Collyer, he'd, Lawrence, Fernando Alonso, Daniel Ricciardo, Daniel Ricciardo's, Dan Istitene, Ricciardo, Yuki Tsunoda, Andrea Kimi Antonelli, Oliver Bearman, Joe Portlock, Liam Lawson, Ferrari's Carlos Sainz, Jack Doohan, they're, Ford Organizations: Ferrari, Mercedes, Red, Miami Grand Prix, Miami Grand, McLaren, Aston, Red Bull, RB F1, Netflix, NASCAR, Alpine, Audi, Getty, Toyota, Haas F1, Haas, Formula, Stake Locations: British, Hamilton, Red, New Zealand
Political organizations supporting Vice President Kamala Harris and former President Donald Trump are touting both campaigns' messages of “freedom” as they woo Latinas, a key voting bloc. Against Hillary Clinton in 2016, Trump won just 28% of Hispanic women voters compared to Clinton’s 67%, according to Pew. Also, at least 13 states saw increases in Latina voter registrations when Biden left the race and endorsed Harris, according to TargetSmart CEO Tom Bonier. Republican Mercedes Schlapp, one of the “Latinas for Freedom” organizers, said the issue of abortion is one for states to decide. The group is defining freedom for Latinas as freedom from economic policies they say are "socialist."
Persons: Kamala Harris, Donald Trump, Latinas, Harris, they’ve, Hillary Clinton, Trump, Joe Biden’s, Pew, Stephanie Valencia, Equis, Biden, Tom Bonier, Mercedes Schlapp, Walz, It’s, , Ingrid Pino Duran, , Nydia Velázquez, Kamala, Zoom, Wade, Duran, , ” Harris, Schlapp Organizations: Pew Research Center, Congressional Hispanic Caucus Institute, Trump, GOP, Conservative, Pew, Equis Research, Democratic, News, Latinas, Freedom, NBC, Associated Press, PODER PAC, Rep, Republicans, Latino Entrepreneurship, Stanford, Conservative Political, Conference, Trump White House Locations: Latina, Texas, Florida, it’s
An employee does final inspections on a Mercedes-Benz C-Class at the Mercedes-Benz US International factory in Vance, Alabama. Mercedes shares fell more than 8% Friday after becoming the latest carmaker to cut its guidance this year as sluggish demand in China and trade disputes weigh on the sector. Shares pared losses slightly to trade 6.9% lower as of 9:40 a.m. London time. "This affected the overall sales volume in China including sales in the Top-End segment. Overall, the sales mix in the second half of 2024 is expected to remain unchanged versus the first half, and therefore weaker than originally expected," the company said.
Persons: Mercedes Organizations: Benz, Mercedes, Benz US International, Volvo, BMW, Continental Locations: Vance , Alabama, China, London
It used to be that you saw a stretch limousine and excitedly wondered who was inside — maybe a corporate executive or a celebrity or some other classy, mysterious type. The limo industry isn't dead; it's just leaving the classic black stretch version of itself behind. Trade shows and expos for limousines and luxury transportation no longer have many, if any, actual classic stretch limos on their floors. He said they keep a stretch limo around for nostalgia's sake more than anything. A CEO gallivanting around in his or her fancy stretch limousine is gross.
Persons: They've, Joe Reinhardt, He's, they're, Brett Barenholtz, Michael Douglas, Richard Gere, Mercedes, van, Scott Michael, Robert Alexander, Alexander, promgoers, Barenholtz, It's, Reinhardt, Chris Weiss, hasn't, crouch, Weiss, " Weiss, Emily Stewart Organizations: We're, Carolina Limousine, CLC Worldwide, National Limousine Association, Consumers, Benz Sprinter, United Motorcoach Association, RMA, Trade, expos, Cadillac, Lincoln, Facebook, Mercedes, ABC, NLA, Business Locations: Myrtle Beach, South Carolina, Maine, Boston, , Washington , DC, California, New York, limos, Franken, It's
Read previewIconic actor James Earl Jones died on Monday at the age of 93. Related storiesGrowing up in silenceA photo of young James Earl Jones, after the success of Broadway show, "The Great White Hope." Muhammad Ali jumped in the ring with James Earl Jones to help him promote the movie adaptation of "The Great White Hope." Advertisement"Star Wars" director George Lucas and James Earl Jones attended the AFI Life Achievement Award tribute to Sir Sean Connery. Charles Sykes/Invision/APCecilia Hart and James Earl Jones pose with their son, Flynn Earl Jones, at the 65th Tony Awards.
Persons: , James Earl Jones, Jones, Oscar, Darth Vader, Tony, Mark Hamill, Luke Skywalker, " Jones, Dick Cavett, Tony Awards, King, Conan, Muhammad Ali, Jones wasn't, Daisy, Darth Vader James Earl Jones, Jim Spellman, David Prowse, Linda Blair, Mercedes McCambridge, Mercedes, George Lucas, Sir Sean Connery, Mark Mainz, AFI Jones, Annie, Geoffrey Holder, Vader, Rachael Ray, Cecilia Hart, Charles Sykes, Flynn Earl Jones, Julienne Marie, Hart Organizations: Service, Bell Atlantic, Verizon, Business, Hollywood, CNN, Newspapers, Academy, End, Broadway, Newsweek, AFI, Getty, American Film Institute, Star Wars Rebels, Disney, NY Daily Locations: Hollywood, Michigan, America, London, There's, Britain
Drill music hasn’t always been this fun. Cash Cobain, the 26-year-old breakout rapper and producer from the Bronx, is helping to raise its trajectory. With lusty rhymes and unorthodox samples, he’s become a central figure of “sexy drill,” a more lascivious offshoot, and one that has tilted the sound of rap nationally. When people hear his music, he explained, “everyone should feel that, feel like they can’t control their body. Their body just gotta dance because the music is so sexy.”
Persons: Cash Cobain, he’s, Cobain, Locations: Bronx, Coney
Read previewWhen 2020 hit with all of its uncertainties, I knew there was no better time to start van life. I wanted to hit the road as soon as possible while keeping costs low, so I went with a smaller van. Next time, I'm investing in a van with 4-wheel driveI'm always hesitant to off-road in my van. AdvertisementSpreading out the build would've given me more rest days — I took exactly two days off — and peace of mind. Now, I see a van build as an ongoing expense, like rent, that I'm always saving for and investing in rather than a one-time purchase.
Persons: , I've, I'd, Abigail Robertson, I'm Organizations: Service, Ford Transit Connect, Business, Mercedes Sprinter, Ford Transit Locations: Ohio, California
Read previewLanding a corporate job at Apple is such a big deal for tech workers that some seek out career coaches to help get interviews. Apple is seen as a place where workers 'push boundaries'Apple positions itself as providing more than just a job. AdvertisementAs with its products, Apple has worked to brand itself as having a more playful and curious environment than its competitors. Related storiesEven Apple Park, the company's headquarters in Cupertino, California, has earned the nicknames "the spaceship" and "the ring" for its futuristic circular design. Another Apple hopeful posted that they were "getting desperate" for a job at the company and had applied for 60 jobs in one day.
Persons: , Marc Cenedella, Steve Jobs, Cenedella, They've, Apple, Ehsan Farkhondeh, Arianny Mercedes, they'd, Theresa Park, Mercedes, Dan Ives, Apple's, Drew Evans, Evans Organizations: Service, Apple, Business, Wedbush Securities, American Express, Employees, Spotify, Apple Intelligence Locations: Silicon, Cloud, Cupertino , California
After a bout of burnout, the pair decided to quit their conversion business and prioritize building a van to travel in. Scarlett and Seth EskelundAfter five years of converting and selling vans, the couple was ready to build their dream oneIn 2018, Seth and Scarlett felt stuck. Since 2018, Seth and Scarlett converted 11 vans, including three they lived in; their builds typically took three to six months. Side-by-side images of the interior of the couple's $127,000 van build. And while they accomplished their dream van, Scarlett said, "You couldn't pay us to do it again."
Persons: , Scarlett, Seth Eskelund, Seth, It's, Scarlett Eskelund, Ram ProMaster, Scarlett Eskelund paddleboarding, van Scarlett, haves, Lula, Sasha, they've Organizations: Service, Business, The New York Times Locations: The, Colorado, Mexico, Canada
So, what can set you apart from a sea of Apple candidates? We asked an Apple employee and four tech career experts and recruiters. The interview process at Apple is "generally straightforward," Theresa Park, a former creative recruiter at the company, said. Related storiesOne Reddit user said that during a monthlong interview process as a software engineering candidate, he was asked to design a vending machine. According to posts on the anonymous employee forum Blind, some Apple recruiters might even disclose the exact questions that will be asked in an interview.
Persons: , Apple, Dan Ives, Marc Cenedella, Daniel Harten, Harten, Theresa Park, Glassdoor, Tim Cook, Cook, Leander Kahney, Greg Joswiak, Apple's, Kahney, Arianny Mercedes, Park, they've, Cenedella, Apple didn't Organizations: Service, Apple, Apple Intelligence, Business, Big Tech, American Express Locations: tooting, Munich
Eyewitnesses also said that they saw Israeli forces in disguise – dressed as Hamas fighters or civilians. The Israeli military denied using civilian vehicles, but declined to say whether the officers conducting the rescue were disguised as militants or dressed as Palestinian civilians. The Israeli military had previously used civilian clothing as a tactic in its operations. But soon after the mission got underway, Israeli soldiers and militants began to exchange fire, according to eyewitness accounts and statements from the Israeli military. A senior Biden administration official tells CNN that Israeli forces did not use an aid truck in the operation.
Persons: Mercedes, , , ” Khalil Al Tirawi, Mercedes van, — Noa Argamani, Almog Meir Jan, Andrey Kozlov, Shlomi Ziv, Noa Argamani’s, Adm, Daniel Hagari, , Argamani, Arnon Zamora, Al Tirawi, Abdullah Jouda, ” Jouda, ” Hagari, Fadi Thabet, Trevor Ball, Richard Weir, ” Al Tirawi, Nidal Abdo, Zamora, Yaron Finkelman, that’s, Jake Sullivan, CNN’s Dana, ” Benjamin Netanyahu’s, Hagari, Alex Marquardt Organizations: CNN, Israel Defense Forces, Nova, Israeli Security Agency, IDF, ” CNN, National Police, Hamas ’, Al, CNN CNN, Mercedes, Human Rights Watch, Biden, Southern Command, Union, Sheba Medical, Ichilov Locations: Nuseirat, Gaza, Israeli, Jabalia, Al Jazeera, Argamani, United States, Israel, U.S, “ State, Ramat Gan, Tel Aviv
The Monaco Grand Prix is the crown jewel of Formula 1, known for its glitz and glamour. In the decades since then, the Monaco Grand Prix has become the crown jewel of Formula 1 — and arguably the most famous race in the world. Senna's surprising defenseThat crash was a distant memory by 1992, as Senna unexpectedly claimed his fifth Monaco Grand Prix victory. While he didn't gain any victories during his Mercedes stint, he earned a pole position at his final Monaco Grand Prix at 43. Daniel Ricciardo celebrating his Monaco Grand Prix win in 2018.
Persons: , it's, Bob Varsha, Varsha, Clive Rose, Zak Brown, McLaren, Lando Norris, It's, Juan Manuel Fangio, Alfa, Yves, Giraud Cabantous, Maurice Trintignant, Robert Manzon, Giuseppe Farina, Jackie Stewart, Stewart, Jackie, Ayrton Senna, Senna, Ayrton Senna's, Nigel Mansell, Brown, Mansell, Michael Schumacher's, Mercedes, Mark Webber, Schumacher, Daniel Ricciardo, Lewis Hamilton, Ricciardo, Dan Istitene, Charles Leclerc —, he's, Leclerc Organizations: Monaco, Service, Prix, ESPN, Miami Grand Prix, Indianapolis, Le, Alfa Romeo, Formula, Getty, Universal Pictures, Williams, Renault, Mercedes F1, Netflix, Monaco Grand Prix, Monaco —, Ferrari Locations: Monte Carlo, Monaco, Argentine, British
So, she set out to do just that for her most recent van conversion. AdvertisementFor the next nine months, she designed and built a space that's just as much functional as it is artistic. By the end of the conversion, Minor said she spent $140,000 on the build. For example, Minor used liquid fiberglass — a material that's typically used on the exterior of automobiles — inside her van. "In which case, it just turns into a regular business that's complicated, that's restricted."
Persons: , Abbe Minor, Minor, Autoevolution, Noovo, I've, I'm, she'd, Diego's, Minor's van, van isn't, Abbe Minor's van, she's Organizations: Service, Business, Minor, Overland Locations: San Diego, Pennsylvania, Washington
But, the often-invisible work of parenting can take just as much of a toll on one's mental health as a paid job. In fact, 62% of parents feel burned out by their responsibilities as a parent, according to a new survey by The Ohio State University Wexner Medical Center. This burnout can lead many caretakers to self-isolate, as they don't feel like they have the energy to maintain relationships outside their family. Two out of three parents say the demands of parenthood sometimes or frequently make them feel lonely, according to the survey. To curb burnout at home and in the workplace, take these three steps.
Persons: Mercedes Samudio Organizations: The Ohio State University Wexner Medical, CNBC
About half a million light vans are sold in the United States every year, with many of those going to companies like Amazon and FedEx. Light vans are those with a gross vehicle weight rating of less than 10,000 pounds. Lane departure prevention technology could have helped prevent or, at least, reduce the seriousness of, about 11% of those fatal crashes. That tech could help prevent 37% of fatal crashes involving delivery vans, the Institute said. In more than 60% of crashes and more than half of fatal crashes, the occupant of another vehicle or a pedestrian or cyclist was killed or injured.
Persons: Ram ProMaster, Ram, Van Organizations: CNN —, Amazon, FedEx, Insurance Institute for Highway Safety, Ford Transit, Mercedes Sprinter, Institute, Stellantis, IIHS, Ford Locations: America, United States
CNN —The Republican operative who accused American Conservative Union chairman Matt Schlapp of sexual assault last year received a significant financial settlement in exchange for dropping his lawsuit against Schlapp, multiple sources familiar with the case told CNN. The $480,000 settlement was paid to Carlton Huffman through an insurance policy, according to a source familiar with the details. The original lawsuit filed by Huffman against Schlapp asked for more than $9 million in damages. Huffman told CNN that Schlapp made unwanted sexual advances, including groping and fondling his groin without consent, on the ride back from two Atlanta-area bars on October 19, 2022. A former official on the Walker campaign told CNN he does not believe the settlement exonerates Schlapp.
Persons: Matt Schlapp, Schlapp, Carlton Huffman, Huffman, , ” Schlapp, , ” Huffman, Tim Hyland, Mark Corallo, Donald Trump, George W, Bush, Mercedes Schlapp, Republican Herschel Walker’s, Charlie Gerow, Walker, Carlton, Huffman’s, ” “ Organizations: CNN, Republican, American Conservative, ACU, Washington Examiner, Political, Conference, House, Georgia GOP, Republican Herschel Walker’s Senate Locations: Atlanta, CPAC, Walker’s, Raleigh , North Carolina
I wanted to explore the US, but I also wanted to see if van life was something I could do full-time. I quickly realized that these small costs — eating out, gas station snacks, souvenirs — are where van life can get expensive. AdvertisementSo finding a lifestyle like van life, which includes adventure and potential savings, sounds too good to be true. Monica Humphries/Business InsiderI experienced ways that living in a van could be cheaper than my lifestyle todayThere are hidden costs that come with van life. I'm not saying van life is necessarily cheaper than city living, but I am convinced it can be if I work at it.
Persons: , ProMaster, I've, Apartments.com, Axios, It's, Brittany Newson, Monica Humphries, it'd, Zach Nelson, Joe's, Joshua, Ram, van, I'd, I'm Organizations: Service, Denver, Mercedes, Benz, Costco, Walmart Locations: Denver , Colorado, Denver, Southwest America, Plenty, San Fransico, Joshua Tree
Meta's chief technology officer, Andrew Bosworth, is a big fan of his Mercedes AMG EQS. More recently, he drove a Honda Accord for 10 years and then a Tesla Model S for another decade, Bosworth said. His Tesla Model S, Bosworth said, "had a thing happen to it while it was parked." AdvertisementSpringing for a Mercedes AMG EQS isn't cheap: The 2023 luxury sedan has a retail price of $147,550. The interior of the Mercedes AMG EQS.
Persons: Andrew Bosworth, Mercedes AMG, Bosworth, EQS, , Mercedes, Getty Mercedes Organizations: Mercedes, Benz, Service, Getty, Honda Accord, Tesla
In 2021, the German carmaker announced plans only to sell electric vehicles — "where market conditions allow" — by 2030. And, as of Thursday's release, it expects its overall EV sales to reach just 50% by the time 2030 rolls around. During a September interview at the Munich car show, Mercedes CEO Ola Källenius first hinted at a more narrow outlook for the EV market. AdvertisementMercedes expects its EV sales to account for about 19% to 21% of new car sales this year. Mercedes isn't the only automaker that is reevaluating its EV plans.
Persons: Mercedes, Ola Källenius, It's, Mercedes isn't, Harald Wilhelm Organizations: Benz, carmaker, EV, Mercedes, Reuters Locations: Munich
MARANELLO, Italy (AP) — Lewis Hamilton's arrival will present “a huge opportunity” for Ferrari next year but signing the seven-time Formula One champion involved some uncomfortable phone calls, team principal Fred Vasseur said Tuesday. Hamilton is joining Ferrari for next season after driving for Mercedes since 2013. He will team up with Charles Leclerc at the Italian team after Carlos Sainz Jr. leaves. One of the most difficult was the one with Toto," Vasseur said. Ferrari struggled for much of the season but was the only other team to take a race victory as Sainz won the Singapore Grand Prix.
Persons: — Lewis Hamilton's, Fred Vasseur, Hamilton, Charles Leclerc, Carlos Sainz Jr, , , Vasseur, Hamilton —, Sainz, Toto Wolff, Toto, “ I’m, Carlos, ” Leclerc, “ We’ve, Lewis, Ferrari, Leclerc, Red Bull, Max Verstappen Organizations: Ferrari, Mercedes, McLaren, Red, Singapore, Prix Locations: MARANELLO, Italy, British, Hamilton
For Mercedes, it is a devastating loss, unable to retain a generational talent and the face of its entire motorsport brand. He has been so successful with Mercedes that it’s almost hard to imagine the 39-year-old Briton racing for any other team. Hamilton holds the all-time record for F1 wins (103), achieving 82 of those with Mercedes and 21 with McLaren. It also reunites him with Ferrari team principal Fred Vasseur, who Hamilton raced for at junior level. Last season, a Mercedes driver failed to win a race across a whole season for the first time since 2011.
Persons: CNN —, Lewis Hamilton, Carlos Sainz, Will Buxton, Hamilton, , ” Hamilton, ” Ferrari, , Red, Bryn Lennon, it’s, Mercedes, McLaren, McLaren –, , Clive Mason, Ferrari, Fernando Alonso, Sebastian Vettel, Red Bull, Max Verstappen, Charles Leclerc, Leclerc, Nico Rosberg, Leonhard Foeger, ” Phil Duncan, Juan Manuel Fangio, Jack Brabham, CNN’s Coy, Tom Brady’s, Tampa Bay Buccaneers “, Hamilton’s, Fred Vasseur, Aston Martin, John Thys, Toto Wolff, “ Lewis, Duncan Organizations: CNN, Mercedes, Ferrari, Arrows, Hamilton, Constructors, Scuderia, Reuters, CNN Sport, NFL, New England Patriots, Tampa Bay Buccaneers, Red, McLaren, Getty Locations: Hamilton, Bull’s, AFP, Austria
Lewis Hamilton surprised Mercedes team principal Toto Wolff when he broke the news over breakfast that he was leaving the F1 team for Ferrari but there is “no grudge” between them, Wolff said Friday. Hamilton is leaving Mercedes at the end of the upcoming season to join Ferrari for 2025 in a move announced Thursday. Hamilton has raced for Mercedes since 2013 and won six of his seven titles with the team. Wolff said he has no concerns about involving Hamilton with Mercedes’ car development, even with Hamilton due to join a rival. In more recent times, Mercedes has also been a key supporter of Hamilton's efforts to improve diversity in F1.
Persons: Lewis Hamilton, Mercedes, Toto Wolff, Wolff, Hamilton, , I've, ” Wolff, Hamilton’s, Peter Bonnington, ‘ Bono ’, George Russell, Mercedes ’, Nico Rosberg, we’ve, Nico, , ” Hamilton, , Ferrari —, Lewis Organizations: Ferrari, Mercedes, Hamilton, McLaren Locations: Oxford, England, Abu Dhabi, Sao Paulo
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