Ferrari rolled out the Portofino M, a modified version of its top-selling gran tourer, on Wednesday as the sportscar maker looks for a rapid turn over of new models despite the crisis caused by the coronavirus. The new car, the first to be launched since Ferrari closed its operations for seven weeks during a COVID-19 […]
European
Volkswagen plans to take stake in rental firm Sixt
German automaker Volkswagen prepares to take a stake in Sixt, a rental firm that has branched out into mobility services such as car-sharing and ride-hailing, Manager Magazine reported on Wednesday. Sixt is a German multinational car rental company with about 2,100 operations in more than 105 countries. The automaker could take a stake of up […]
Fiat Chrysler shares increased by PSA merger deal revision
Shares in Fiat Chrysler Automobiles (FCA) increased sharply in Milan on Tuesday after the automaker and French partner PSA modified the terms of their merger deal, with FCA’s shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which in 2019 agreed to merge to give birth to Stellantis, the […]
BMW to use software from Tactile Mobility in next-gen vehicles
Israel’s Tactile Mobility said on Tuesday its software will be embedded into the German automaker BMW’s next-generation vehicles starting in 2021. The collaboration will gear up with BMW vehicles with the ability to analyze the road surface attributes under their tires, allowing detection of road conditions. Tactile Mobility, founded in 2012, develops software that uses a […]
Daimler to pay $2.2 billion in diesel emissions cheating settlements in the U.S.
German automaker Daimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, according to court documents. The automaker and its Mercedes-Benz USA LLC unit revealed on August 13 it had reached a settlement in principle resolving civil and environmental claims associated with 250,000 […]
U.S. to reveal Daimler diesel emissions cheating settlement
German automaker Daimler AG is set to pay an $875 million civil penalty for violating clean air laws of the U.S., as part of a $1.5 billion settlement with the country and California regulators over excess diesel emissions in passenger vehicles and vans, two people knowledgeable about the matter said. The U.S. Justice Department and […]
Navistar declines Traton’s buyout offer, calls it a starting point
Navistar International on Monday turned down Volkswagen truck unit Traton‘s buyout offer of $43 per share, but said it was a starting point for finding out a possible transaction. The German automaker has raised its $35 per share January offer as it looks to boost its 16.6% stake in the U.S. truck maker Navistar acquired in […]
Skoda aims to shift some production in Czech Republic
Volkswagen‘s Czech unit Skoda Auto plans to move production of some high-earning models to other automaker’s plants in other countries, the automaker’s trade union boss said in an article on Thursday. A Skoda spokeswoman refused to comment. Skoda is the central European country’s biggest exporter, but its success has sometimes caused disharmony within Volkswagen, whose […]
Sharp Corp wins patent infringement suit against Daimler
Sharp Corp, a Japanese industrial electronics, said on Friday it has won a patent infringement lawsuit against German automaker Daimler in Germany, a ruling that could allow them to enforce a sales ban against the automaker. A district court in Munich ruled that mobile communications technology used in vehicles of Daimler violates a patent owned by […]
Maserati unveils MC20 the new supercar with 621 horsepower
After over one year on the skids, Maserati has taken the wraps off a new high-performance supercar called MC20, which parent Fiat Chrysler hopes will help the automaker turn the brand into the “crown jewel” of its merger with Peugeot. The sleek and super-lightweight supercar offers acceleration from 0 to 100 kilometers an hour (km/h) in […]
Citroen pitches car at teenage drivers with Ami
France’s Citroen has a new vehicle it hopes will reach a market most significant automakers have not tapped – drivers as young as 14. The French automaker’s small two-seater Citroen Ami vehicle is powered by a modest 6-kilowatt electric motor, so under French legislation, it can be driven by someone as young as 14 and […]
Volkswagen’s trucks subsidiary Traton hikes Navistar offer
Volkswagen‘s trucks subsidiary Traton on Thursday hiked its buyout offer for U.S. peer Navistar by over a fifth to $43 per share. The German automaker made a $35 per share offer in January when it was attempting to boost its stake in Navistar beyond the 16.6% it purchased in 2016 but failed to secure a majority […]
Volkswagen drops Mexico City dealership after it displayed Nazi poster
German automaker Volkswagen said Monday it had a severed relationship with a distributor in Mexico City after a Twitter user published photographs taken at the business showing a wall decorated with an image of a Nazi celebration of the Beetle car. In a statement, Volkswagen’s Mexico unit condemned the photos from the salesroom in the […]
Renault to develop, build next-generation Nissan Micra
French automaker Renault will develop and assemble the next generation of partner Nissan’s Micra models, a senior executive at the Japanese automaker said, as the two companies try to rework their alliance with tighter cooperation in production. Ashwani Gupta, Nissan’s chief operating officer, said in an interview with France’s Le Monde newspaper published on Monday […]
Volkswagen not seeking a deal with Tesla, says CEO Herbert Diess
Volkswagen’s CEO Herbert Diess on Monday sought to quell speculation that the world’s largest automaker, which is on its way to push for mass production of electric cars, has plans to develop deeper ties with start-up rival Tesla Inc. Diess met with Tesla’s CEO Elon Musk in Braunschweig, Germany, last week, and during his visit […]
