European | SpeedLux

U.S. tariffs could cost up to 2.5 billion euros, says Volkswagen CEO

The biggest threat to Volkswagen’s 2019 profit is possible tariffs from the United States, Chief Executive Herbert Diess informed the Financial Times. “It’s becoming tense once again,” Diess informed the

Audi7 years ago

Volkswagen’s Audi to slash 10 percent of management positions

Volkswagen’s premium auto brand Audi prepares to remove one layer of management or about 10 percent of the division’s executive positions in a cost cutting drive, the unit’s chief executive

Renault7 years ago

Renault’s outlook cut to ‘negative’ by rating agency Standard & Poor’s

Credit rating agency Standard & Poor’s slashed its outlook on automaker Renault to “negative” from “stable”, citing wider challenges within the automotive sector that could affect its profits. “The negative

Images of Volvo Concept 40 Series EV Electric

Volvo7 years ago

Volvo raises $215 million in bond issue months following failed IPO

Sweden’s Volvo Cars has raised some 2 billion Swedish crowns ($215 million) in a bond issue just five months after the Chinese-owned carmaker terminated plans for a stock market flotation,

Daimler7 years ago

Daimler risks fine as German prosecutors start new investigation

German prosecutors have started an investigation into Daimler for allegedly failing to avoid diesel emissions cheating, possibly resulting in a fine for the automaker, as its legal woes mount up

Volkswagen7 years ago

Volkswagen South Africa targets record production in this year

German automaker Volkswagen’s South African unit expects to produce a record number of automobiles this year regardless of slow domestic economy, power outages and looming discussion with union members, its

Nissan7 years ago

Nissan Motor to oppose having same chair as Renault SA

Nissan Motor’s independent committee on governance is anticipated to recommend against the company having the similar chairman as Renault SA, the Financial Times reported on Wednesday, mentioning people knowledgeable about

Audi7 years ago

Audi considers cutting night shifts at Ingolstadt plant

Volkswagen’s Audi is thinking about cutting night shifts at its Ingolstadt plant, Handelsblatt reported on Tuesday, mentioning the head of the luxury automaker’s works council. “We were verbally informed about

Volkswagen7 years ago

Volkswagen customer prepares to take diesel case to Germany’s highest court

A German court on Tuesday ruled in favor of Volkswagen in a case brought by a customer asking compensation for having bought a diesel car affected by emissions cheating, however

Porsche7 years ago

2020 Porsche 911 Looking Better Than Ever

Porsche is a brand associated with it’s sleek, compact yet powerful sports cars, but their models haven’t changed much in the in intervening years. That’s what makes the new 2020

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