Daimler AG is close to the sale of a 50 percent stake in its small-car brand Smart to China’s Geely Automobile Holdings, the Financial Times stated on Tuesday, mentioning three
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Volkswagen AG has no plan to produce electric or hybrid vehicles in Brazil in the next few years, although it will start importing them this year, its top executive for
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
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
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
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
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
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
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.
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
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