A German court ordered Porsche Automobil Holding SE to pay shareholders 47.2 million euros ($53.8 million) in compensation for breaching disclosure rules over an emissions scandal at its major investment
A German court ordered Porsche Automobil Holding SE to pay shareholders 47.2 million euros ($53.8 million) in compensation for breaching disclosure rules over an emissions scandal at its major investment
Germany’s Daimler is forming a ride-hailing joint venture in China with Geely Group, in an indication the Chinese firm is making progress in its drive for closer relations with the
Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has is set to purchase Fiat Chrysler’s Magneti Marelli for 6.2 billion euros ($7.1 billion) to establish the seventh-largest independent
Audi’s first electric sport utility vehicle (SUV) will hit showrooms four weeks after the planned date due to a software development issue, a representative for the German luxury car brand
Daimler stated its operating profit would decrease by over 10 percent this year, its second earnings warning since June, putting blame on “government proceedings and measures in various regions” as
Volkswagen’s China venture with SAIC Motor has started constructing a $2.5 billion new energy vehicle (NEV) plant in Shanghai, that will make automaker’s luxury Audi brand cars, a potential first
Volkswagen’s Porsche brand does not require a stock market listing to fund growth, Chief Executive Oliver Blume stated, adding he is sure the maker of the iconic 911 sportscar can
Volkswagen on Thursday stated it will offer trade-in incentives and a bonus for scrapping older diesel automobiles in Germany, in a move to stave off driving restrictions in polluted cities.
Volkswagen Group, Fiat Chrysler and Renault led a 23.4 percent European car sales reduction in September, the major regional industry body stated on Wednesday, as automakers still suffer from the
German premium car brand Audi, a division of Volkswagen, stated it was fined 800 million euros ($927 million) on Tuesday for violations associated with heavily polluting six- and eight-cylinder diesel




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