Daimler has declined an offer from China’s Geely to take a stake of approximately 5 percent by means of a discounted share placement, as the German automaker has long hesitated
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Geely Holding Group and its Volvo Cars unit are thinking about making Lynk & Co branded automobiles at Volvo plants in Belgium and the United States state of South Carolina,
Audi has agreed to eliminate required redundancies in Germany by 5 years till the end of 2025 and to construct two fully-electric SUV models at its primary plant in Ingolstadt,
The Dutch markets watchdog has fined Volkswagen 450,000 euros ($534,000) for misinforming customers who bought its diesel vehicles from 2009 to 2015. The Authority for Consumer & Markets (ACM) stated
Deutsche See has appealed against a German court’s refusal of its complaint against German automaker Volkswagen over the emissions scandal. Deutsche See stated in February it was taking legal action
French automaker PSA Group is increasing deliveries of Chinese-made gasoline engines to Europe as it adapts to a customer shift away from diesel, Les Echos reported on Monday. The maker
A French investigation into presumed diesel test-cheating by Fiat Chrysler is focused on vehicle models that generated 152 million euros ($181 million) in sales in the nation, Le Monde reported
Leaving Formula One would harm Ferrari if the Italian team were to follow through on a hazard to give up the sport, International Automobile Federation (FIA) president Jean Todt stated.
German automaker BMW will raise its spending more on research and development next year, to 6.5 to 7 percent of sales, finance chief Nicolas Peter informed Handelsblatt. “That is a
BMW will bundle its battery cell proficiency in a new skills center, the German luxury automaker stated on Friday, adding it would invest 200 million euros ($ 237 million) in
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