Daimler will keep a 35% stake in the trucks division it prepares to spin off this year, the automaker said on Friday, providing more information on a landmark corporate split
Daimler will keep a 35% stake in the trucks division it prepares to spin off this year, the automaker said on Friday, providing more information on a landmark corporate split
A consortium led by Volkswagen has agreed with Europcar to introduce a tender offer for the French car rental company that values it at 2.9 billion euros ($3.4 billion) including
A consortium led by Volkswagen is in advanced talks to purchase Europcar in a deal that would value the French car rental company’s equity at about 2.5 billion euros ($3
Volvo Cars reported the best half-year results in terms of sales and operating profit in its 94-year history. The half-year financial report showed the automaker achieved a revenue of 141
Shareholders in Volkswagen on Thursday agreed to a deal to settle claims against four former executives, including former CEO Martin Winterkorn, related to the automaker’s emissions scandal. The initial deal,
Volkswagen‘s unit Skoda Auto will cancel some shifts ahead of the automaker’s annual general two-week leave, due to shortage of parts, trade unions said on Thursday. The annual leave is
Volvo Cars have struck a deal to purchase parent company Zhejiang Geely Holding from their joint ventures in China. Geely, which also owns a 9.7% stake in Daimler, said this
German automaker Porsche must pay a fine of 40 million euros ($47 million) over the breach of duty associated with its tax filings, German prosecutors said on Wednesday. The automaker
The ongoing worldwide shortage of semiconductor chips will negatively affect car sales in the second half of this year and will extend into the next year, Daimler AG said on
Volkswagen said Monday it will put an end to U.S. sales and production of the Passat sedan by 2022. This is the latest shift by automakers away from vehicles and toward




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