Volkswagen in talks to purchase stake in Ford’s Argo unit

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Volkswagen has signed a deal to develop a pickup truck with U.S. competitor Ford and carries on discussions about extending its alliance to consist autonomous driving and mobility services, the German automaker stated. In June 2018 VW and Ford revealed they were in discussions to jointly develop a range of commercial vehicles and later expanded […]

Volkswagen not interested in any tie-up with Fiat Chrysler says CEO

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Volkswagen is not interested in a tie-up with competitor Fiat Chrysler as the German automaker’s efforts were all focused internally, CEO Herbert Diess informed Il Sole 24 Ore and other two newspapers. Asked if Volkswagen was interested in Fiat Chrysler’s premium brands like Alfa Romeo and Maserati, Diess stated VW group “already owns luxury brands”.

General Motors to invest $2.7 billion in Sao Paulo, Brazil factories

General Motors

General Motors stated on Tuesday it would spend $2.7 billion in two Brazilian factories during the next five years, sparing them from a shakeup of the car manufacturer’s operations, a decision hailed by the governor of Brazil’s largest state. Sao Paolo state Governor Joao Doria informed a joint news conference with GM executives that the […]

Former UAW vice president charged in corruption investigation

United Automobile Workers (UAW)

U.S. prosecutors in Detroit charged a former high-ranking United Auto Workers official in charge of the labor union’s association with Fiat Chrysler Automobiles (FCA) of misusing funds for lavish purchases for himself and other union authorities. Norwood Jewell, who headed the UAW’s FCA department from 2014 until his retirement in January last year, was charged […]