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
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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
Stellantis will temporarily halt a shift at its Vauxhall van factory in Luton, southern England, because a huge number of workers isolated to halt the spread of COVID-19. “The safety
Volkswagen Group delivered nearly five million vehicles globally between January and June this year, 27.9 percent more than during the same period in 2020, the automaker said. In Europe, the
Volkswagen said on Wednesday it will appeal a Dutch court order to compensate owners of the automaker’s vehicles affected by dieselgate. The district court in Amsterdam said 3,000 euros ($3,537)
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