European | SpeedLux

Daimler6 years ago

Daimler taps Goldman to raise China BAIC shareholding sources

Daimler has asked Goldman Sachs to help it observe boosting its stake in Chinese automaker BAIC Motor, its main China joint venture partner, two people with knowledge of the matter

Volkswagen6 years ago

Volkswagen, Northvolt to work together for battery research

Volkswagen and Swedish battery maker Northvolt and other companies along with science labs are going to work together in battery cell research, the German automaker stated on Thursday. Beginning in

Volkswagen6 years ago

Volvo expects electric car margins to match conventional cars next decade

Volvo expects its margins on electric cars to find similarity with those of vehicles with combustion engines by 2025. Global automakers are preparing a $300 billion surge in spending on

BMW6 years ago

BMW plans to cut costs after warning on profits

BMW expects group pretax profit to drop by over 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency strategy to help offset higher

Skoda6 years ago

Skoda does not expect to repeat the wage growth

Skoda Auto does not expect to repeat the strong wage increase agreed in 2018 again in the recent round of collective bargaining, a board member said on Wednesday. Skoda is

Porsche6 years ago

Porsche SE raises voting rights share in Volkswagen

Porsche SE, the holding company controlling Germany’s Volkswagen, on Tuesday stated it raised its voting rights share in the automaker to 53.1 percent from 52.2 percent. “We continue to believe

Volkswagen6 years ago

Volkswagen discusses battery cell subsidies scheme

Volkswagen on Monday stated it had expressed its motive to Germany’s Economy Ministry to take part in a state funding scheme aimed at supporting battery cell production for electric automobiles.

BMW6 years ago

BMW, Varta apply for funds in battery cell push for electric cars

Luxury automaker BMW and Germany’s Varta have both applied for state funding intended at supporting battery cell production for an electric automobile, they stated on Friday, hitting a deadline set

BMW6 years ago

BMW, Mercedes-Benz lower costs in China after VAT drop

BMW AG and Mercedes-Benz stated on Saturday they are going to reduce their prices in China, following the government declaration it will decrease the country’s value-added tax (VAT) beginning on

Renault6 years ago

Renault-Nissan should streamline decision-making, says Senard

Renault and Nissan should streamline decision-making in the automaking alliance and increasing the companies’ cross-shareholding are not present in their plans, Renault’s chairman stated in comments published on Sunday. Japan’s

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