Volkswagen has selected partners to provide battery cells and associated technology worth around 20 billion euros ($25 billion) for its growing electric vehicle program, including additional pressure on U.S. pioneer Tesla. Till its “dieselgate” emissions scandal was revealed two and a half years earlier, Europe’s largest automaker had been slow to welcome electric vehicles. But
Volkswagen’s Czech automaker Skoda Auto reported a 14.3 percent increase in global deliveries in February, handing more than 92,800 vehicles, the most ever in that month, it stated on Monday. Skoda stated sales were driven by a 30.6 percent increase in China and 17.6 percent in Germany along with significant gains in Russia and Turkey.
Volkswagen will raise bonus payments to its staff based in Germany by more than 40 percent after the automaker posted record profit and sales last year, a labor union publication revealed. The annual bonus for 2017 will be increased to 4,100 euros ($5,088.10) per employee from 2,905 euros a year previously, according to the publication
A German trade union alleged by competitor labor representatives of harboring neo-Nazis has broadened its existence on the works council of a crucial plant operated by luxury automaker Daimler, election results showed on Tuesday. The Daimler works council at the Untertuerkheim plant located in southern Germany last month alleged neo-Nazis of using the Zentrum Automobil
Research and development of the next electric Mini will occur in China, BMW board member Peter Schwarzenbauer stated on Tuesday, as the British brand awaits a brand alliance with Chinese automaker Great Wall Motor. BMW announced last month that it had signed a letter of intent with Great Wall, potentially providing the Chinese company its
The Renault-Nissan-Mitsubishi alliance stated it would accelerate the merging in between the three companies on how they work in crucial areas, as part of a broader plan to deliver cost savings and increase revenues. The alliance stated it would be planning to extend its convergence in the areas of buying, engineering, production and supply chains,
Li Shufu, the founder and main owner of China’s Geely, is not seeking impact over Daimler’s strategy through representation on its board after building up a stake of nearly 10 percent in the German automaker, according to a newspaper interview. “I respect the values and culture of Daimler. I have never asked for a seat
Volkswagen’s Chinese joint venture FAW-Volkswagen is going to recall 430,388 vehicles from March 1 for issue with dashboard, China’s quality watchdog, The General Administration of Quality Supervision, Inspection and Quarantine, stated on its website on Wednesday.
Daimler and its Chinese partner BAIC plan to invest nearly $2 billion in a cutting edge factory in China, highlighting their relationship as competing Geely makes a surprise swoop on the German automaker. The two will invest over 11.9 billion yuan ($1.88 billion) in improving a plant to develop premium Mercedes-Benz vehicles consisting of electric
German automaker BMW stated on Friday it would recall 11,700 cars to repair their engine management software after it found that the wrong programming had been set up on its high-end 5- and 7-Series models. “In the course of internal tests, the BMW Group has found that a properly developed software update was erroneously assigned
BMW AG accepted to pay over $2.2 million to settle U.S. federal government claims that it failed to provide necessary refunds to 492 military personnel who lawfully terminated their automobile leases due to the fact that they were called to duty. In the first case of its kind, the United States Department of Justice on
Volkswagen has agreed to raise the wages of an estimated of 120,000 employees in Germany by 4.3 percent from May, resolving a dispute that had triggered its strikes since 2004. The deal revealed by Europe’s largest automaker and labor union IG Metall on Wednesday includes a 100-euro one-off payment, enhancements to Volkswagen’s business pension scheme
Trade unions at Volkswagen’s Czech automaker Skoda Auto have turned down the company’s latest wage increase offer, the unions stated on Wednesday. Unions said recently that they were beginning preparations for a possible extended strike, a rare occasion in the main European nation whose economic development is moved by the car sector. With strong development
A Virginia state court judge on Tuesday turned down a request by the U.S. unit of Volkswagen to delay several of the company’s trials for excess emissions because of “inflammatory” comments made by a lawyer representing vehicle owners that it fears will prejudice the jury. Fairfax County Circuit Court Judge Bruce White stated after a
Fiat Chrysler Automobiles NV’s U.S. unit stated on Friday it would recall about 228,508 trucks in the United States, Canada, Mexico and some other countries to prevent drivers from accidentally shifting their vehicles from “park”. The brake transmission shift interlock (BTSI) might overheat on some vehicles, FCA US LLC stated, including that it would cause