European | SpeedLux

Traton will be a strong contributor toward Volkswagen’s cashflow target

Volkswagen executive Andreas Renschler on Tuesday stated the Traton trucks division is going to be a “strong contributor” toward parent company Volkswagen Group’s 10 billion euro ($11.4 billion) cashflow target

Volkswagen7 years ago

Volkswagen’s Traton trucks pursues growth with alliances

Volkswagen’s trucks business Traton wants to use alliances with competitor in China, the United States and Japan to tap into worldwide growth and achieve a return on sales of nine

Volkswagen7 years ago

Volkswagen to reduce staff in Slovakia for first time in a decade

Volkswagen’s business in Slovakia, the nation’s biggest car plant and largest private sector employer, prepares to reduce staff this year for the first time since the 2009 global slump as

Renault7 years ago

Macron says concerned about conditions of Ghosn’s detention in Japan

French President Emmanuel Macron stated on Sunday he has expressed his concerns to Japanese Prime Minister Shinzo Abe about the prison conditions faced by former Renault boss Carlos Ghosn. “I

Renault7 years ago

France warns against ‘exorbitant’ payoff for Carlos Ghosn

France’s finance minister stated on Sunday a severance package for previous Renault chief Carlos Ghosn, forced to resign in a financial misconduct, should not be “exorbitant” and that the French

Audi7 years ago

Audi to reduce $17 billion from costs by 2022

Volkswagen’s premium brand Audi intends to cut expenses by 15 billion euros ($17 billion) by 2022, Germany’s Manager Magazin business monthly reported on Thursday, citing Audi executives. The cost cuts

Fiat7 years ago

Fiat Chrysler owners suing automakers in U.S. diesel case

Lawyers representing owners of Fiat Chrysler diesel vehicles informed a U.S. judge they are seeking up to $106.5 million in legal costs and out-of-pocket costs in relation with a settlement

Mercedes-Benz7 years ago

Mercedes-Benz to increase business with China auto suppliers

Daimler AG will deepen partnerships with Chinese auto suppliers since they often lead United States and European competitors in major technologies for electric vehicles and connected vehicles, Mercedes-Benz executive Wilko

Renault7 years ago

Renault names new leaders following Ghosn’s resignation

Renault appointed Michelin boss Jean-Dominique Senard as its new chairman on Thursday, after former chairman Carlos Ghosn was forced to resign following financial scandal that has deeply affected the French

BMW7 years ago

BMW and Daimler to refer ride-hailing venture as ‘Jurbey’

German companies BMW and Daimler are going to name their combined ride-hailing and car-sharing company “Jurbey”, a source knowledgeable about the matter stated on Tuesday. Daimler and BMW refused to

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