Porsche’s electric Taycan sees 30,000 potential buyers

Porsche Taycan

Porsche has taken down payments from 30,000 consumers in Europe for its Taycan, the luxury automaker’s first fully electric model, CEO Oliver Blume informed Germany’s Handelsblatt newspaper. These consumers have made down payments of 2,500 euros each and 10,000 of them have already booked an order to purchase a Taycan, Blume said, adding that this […]

Japan’s markets watchdog recommends $22 million fine for Nissan

Images of Nissan Tiida

Japan’s markets watchdog stated on Tuesday that it has recommended that Nissan Motor should be fined about 2.4 billion yen ($22 million) concerning the underreporting of former chairman Carlos Ghosn’s compensation. The fine would concern the four financial years from April 2014 to March 2018, markets watchdog the Securities and Exchange Surveillance Commission (SESC) stated. […]

Volkswagen charged with violating vehicle emission standards in Canada

Volkswagen logo

Volkswagen AG on Monday was charged with importing almost 128,000 vehicles into Canada by contradicting the country’s environmental legislation, a Canadian government agency stated. The German automaker was charged with 60 counts for the violation of the Canadian Environmental Protection Act by importing vehicles that did not conform to prescribed emission standards, Environment and Climate […]

Nokia suspends legal action against Daimler in the hope of mediation


Nokia has suspended legal action against Daimler in the hope that mediation will fix their dispute over technology licensing fees. The decision drew a positive response from the German automaker, which reiterated that the two firms had differing legal views on the dispute. Nokia’s pursuit of charges from Daimler has thrown a spotlight on the […]

Hyundai’s $1.8 billion deal with Daewoo faces EU probe

Daewoo Shipbuilding & Marine Engineering logo

World No. 1 shipbuilding group Hyundai Heavy Industries Holdings’ $1.8 billion merger with competitor shipbuilder Daewoo will deal with a full-scale investigation in Europe because of severe EU antitrust concerns, two people knowledgeable with the matter stated on Monday.  Hyundai in January declared the deal to form the world’s biggest shipbuilder with a 21 percent […]

Porsche attracts Tesla owners with electric Taycan sports car

Porsche Taycan

Porsche is experiencing a good amount of interest from Tesla owners for its new all-electric Taycan sports car, the head of the automaker’s North American operations stated. Klaus Zellmer, president, and CEO Porsche Cars North America has stated that out of “thousands” of potential U.S. consumers who have shown “sincere interest” in the sports car, Tesla owners […]