France’s finance ministry reject a report from Japanese news outlet Nikkei that the French government had told Tokyo it was open to consider reducing Renault’s stake in Nissan Motor. Contact
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French automaker Renault must show “total transparency” as it investigates its business practices, including a sponsorship deal stuck with the Chateau de Versailles, finance minister Bruno Le Maire stated on
Daimler slashed its dividend on Wednesday after fourth-quarter operating profit plunged by 22 percent, due to trade wars, increasing costs for developing electric cars and an industry downturn that has
Daimler Chief Executive Dieter Zetsche on Wednesday stated the automaker is in talks about expanding its cooperation with China’s Geely, even as German politicians draw up ways to safeguard the
Fiat Chrysler Automobiles NV stated on Tuesday it would recall 882,000 pickup trucks globally in two new recalls to address issues with steering and pedal. The automaker stated it was
The Renault-Nissan-Mitsubishi alliance will partner Alphabet Inc’s Google to develop autonomous taxis and other services using self-driving vehicles, the Nikkei reported. Google’s self-driving car company Waymo is going to work
Volkswagen is discussing with Swedish institutional investors AMF, AP Fund 1 and 4, Investor AB and Folksam about being cornerstone shareholders in the dual listing of its trucks unit Traton
A federal judge allowed majority of claims against Daimler AG to move forward in a 2016 lawsuit by vehicle owners that claims the automaker’s Mercedes diesel vehicles utilized illegal software
Volkswagen AG unit Electrify America stated on Monday it will set up Tesla battery storage packs at over 100 charging stations throughout the United States to keep expenses down for
Judge Jose L. Linares in the U.S. District Court for the District of New Jersey today denied motions to dismiss filed by defendants Daimler, Mercedes-Benz, and Bosch in In Re Mercedes-Benz
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