Tag Archives: Volkswagen

26Oct/26

Audi Ditches Its Logo in China

The Great Automotive Realignment: How China Upended Germany’s Global Car Supremacy

Mon, July 26 2026 /Mpelembe Media/ — For decades, German automotive giants—Volkswagen Group, BMW, and Mercedes-Benz—dominated the global industry and derived a significant share of their corporate profits from mainland China. However, a severe structural contraction has destabilized this industrial core, culminating in a 76% year-on-year collapse in combined Q3 operating profits down to €1.711 billion. China’s share of total global vehicle deliveries for German carmakers dropped from 39% in 2020 to 29% in 2025, with quarterly deliveries in China plummeting between 30% and 41% by mid-2026. Domestically, annual German passenger vehicle output fell from 5.6 million units in 2017 to 3.4 million in 2024, burdened by high labor costs averaging €62 per hour and severely underutilized assembly plants—such as Wolfsburg operating at just 61% capacity—compelling Volkswagen to shutter a domestic manufacturing plant in Germany for the first time in its 88-year history. Continue reading →

13Jan/25

2024-2025 Global Top Brands Awards Ceremony

Jan. 11, 2025 /Mpelembe Network/ — The text details the 2024-2025 Global Top Brands Award Ceremony and accompanying summit in Las Vegas. The event celebrated leading consumer electronics brands, highlighting advancements in AI and technological innovation. Numerous awards were presented, recognising companies like TCL, TECNO, and ECOVACS for their achievements. Continue reading →