Thursday, July 25, 2024

Chinese car brand closes in Europe – lays off all employees

China's Great Wall Motors is packing up its European headquarters in Munich, Germany and laying off 100 employees. The remaining business must be handled from China.

While Aiways is trying to save the business by moving out of China, Great Wall Motors is chomping at the bit in the opposite direction.

The group, which consists of several car brands, is now giving up running a European head office. According to the German Manager Magazin, Great Wall Motors is closing its head office and laying off 100 employees in the process.

Manager Magazin bases the story on a number of 'insider sources'. But this does not mean that the Great Wall will disappear completely from Europe.

In countries where the car brand has already settled, such as Sweden, Ireland, England and Germany, you will still 'be present'.

READ ALSO: Top director leaves crisis-hit car brand in the middle of a round of savings

It is not known, however, whether this only means servicing existing customers, or whether Great Wall will continue to sell cars in our latitudes.

According to the German media, however, the Chinese brand is dropping an otherwise planned expansion of the business, which included Austria and Switzerland. Allegedly, the car brand was so far along in the process that they had already hired new managers and rank-and-file employees. But now they don't get a job anyway.

However, an exit from Europe is not the only thing Great Wall Motors can talk about these days. Recently, the car brand has scaled back its otherwise grandiose ambitions. Among other things. the brand will no longer sell one million cars outside of China in five years – namely in the period between 2025 and 2030.

The brand blames a 'challenging' market. Great Wall Motor itself will not say much about the withdrawal. But the people stress that the brand will still live up to its commitments on the continent, reads a statement.

Read more exciting news from and about the world of cars right here!

Latest

Don't miss

Now Google adds popular feature to Android Auto

Soon Google will make it possible to control the...

Audi sells cars on 19" steel rims from the factory

Audi is not too nice to charge outrageous amounts...

Volvo warns – the future as a car brand is in danger

The EU's punitive tariffs on Chinese electric cars risk...

Yet another municipality prohibits cars from speeding over 40 km/h

In more and more places in Denmark, the speed...

The police warn people with a trailer: "You will lose your choir card"

The risk of losing your driving license if you...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

People are bound to love the C63 with 4 cylinders, says AMG

There is no way around the four-cylinder C63, although Mercedes-AMG sells very few of them. Now the boss believes that people need to love...

Renault is ready to withdraw from Formula 1

Renault, which supplies the Alpine team with engines for Formula 1, doubts the agency so much that Mercedes is already ready in the background...

Couple shocked – "Flying fish smashed our Tesla"

It sounds like a bad joke. But married couple Cynthia and Jeff Levine can document that some fish fell from the sky and destroyed...

Toyota manages the world's first operation with self-driving cars

Toyota's development department, the Toyota Research Institute, has, with the help of Stanford University in the USA, carried out the world's first tandem operation...

Lack of buttons in electric cars can be responsible for accidents

It's a trend that Tesla is leading the way. So the lack of buttons in new electric cars. Now, however, it turns out that...

Denmark's second most popular car taken for a crazy ride

There was far too much speed when a 29-year-old man had to hand over his Tesla Model 3 to the police on Wednesday evening,...

Haas confirms: Ocon is Kevin Magnussen's replacement

As has been rumored for several days now, Alpine rider Esteban Ocon will take over the vacant seat at Haas after Kevin Magnussen. Esteban...

Nissan is considering reviving the Silvia as a coupe, says boss

Nissan's head of global products dreams of a new Silvia that can compete with the Mazda MX-5 and Toyota GR86. Ford has the Capri,...

The police found a sleeping driver on the motorway – it became expensive

On Monday evening, the police received a report from a motorist who had seen a van stuck in the rut on the motorway. It...

16-year-old short 163 km/h BMW – parents get 3 years in prison

A 16-year-old boy faces up to 15 years in prison for killing his girlfriend in a car accident. His parents have already received 3...

How technology is changing the gaming industry

Artificial intelligence (AI) has revolutionized many industries, and now it is on its way to transforming the casino industry. This technology is changing how...

Too expensive in Denmark – here is the world's cheapest Tesla Model 3

New discounts and subsidies from the state are needed. But nowhere else is a new Tesla as cheap as in Spain . Even though...
footer.txt Viser footer.txt.