Fiat Chrysler Automobiles NV (FCA) has set an annual compensation target for CEO Mike Manley consisting of pay, cash and equity bonuses of $14 million, the automaker stated in a
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Volkswagen cautioned on Friday of a tough year prior its preliminary yearly results were weighed down by currency effects and production bottlenecks caused by new emissions testing rules. The German
Daimler and BMW revealed a joint ride-hailing, parking and electric vehicle charging business on Friday to rival with mobility services offered by Uber and other tech companies. The luxury car
In three cavernous former Royal Air Force hangars at an old airbase in Wales, luxury automaker Aston Martin is forging ahead with building of a new vehicle assembly plant. The
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
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
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
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,
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
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
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