Volkswagen on Friday said it recommended to its brands to pause paid advertising on social media platform Twitter until further notice following Elon Musk‘s takeover
Category: European
Mercedes-Benz has signed a supply agreement with Rock Tech Lithium Inc to receive on average 10,000 tons of battery-grade lithium hydroxide annually, the German automaker
BMW said on Wednesday it is going to invest $1.7 billion in building electric vehicles in the United States. The announcement is the latest from
BMW sold almost as many cars in the third quarter as it did in the same period a year ago, following the ongoing war in
Porsche took the top position as Europe’s most valuable automaker on Thursday, after overtaking former parent Volkswagen as the price of the sportscar maker’s newly-listed
Zhejiang Geely Holding Group said on Friday it purchased a 7.6% stake in British luxury automaker Aston Martin. The deal value was not revealed. The
Volkswagen is facing a class action suit in Israel after a court ruled in favor of petitioners that were seeking compensation from the automaker over
Volkswagen announced on Monday a $2.9 billion battery components joint venture with Belgian materials firm Umicore. The move is the latest for the automaker to
Mercedes-Benz is not currently looking at acquisitions as a means to proceed with its strategy of repositioning the automaker as a luxury firm, CEO Ola
Aston Martin is raising 575.8 million pounds ($668 million) in a rights issue as significant investors including Saudi Arabia’s sovereign wealth fund keep faith with
Volvo Cars saw its August sales decline by 4.6% year-on-year to 43,666 vehicles as the worldwide semiconductor shortage and other disruptions continue, the automaker said. Demand
Mercedes-Benz prepares to invest 1.2 billion euros in its Vitoria plant located in north-western Spain after workers backed a new labor agreement, unions UGT and
Mercedes-Benz sales declined sharply in the second quarter, due to supply problems and coronavirus lockdowns in China, the automaker said. The automaker made deliveries of
BMW sold almost a seventh fewer vehicles in the first half of this year compared with the same period in the last year largely due
Volkswagen and its partners are set to invest more than 20 billion euros ($20.38 billion) in a battery cell business, creating 20,000 jobs and targetting
