BMW said on Thursday it would have to set aside 1 billion euros ($1.2 billion) less than initially thought for expected European antitrust fines for alleged collusion with competitors. In
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Italian tiremaker Pirelli said on Wednesday it was producing the world’s first FSC-certified range of tires, which it designed for BMW’s X5 xDrive45e plug-in hybrid model. The Forest Stewardship Council
Stellantis and Foxconn prepare to create a joint venture to supply in-car and connected-car technologies for the automotive industry, companies said on Tuesday. The two companies have signed a non-binding
Stellantis CEO Carlos Tavares said on Thursday each of the automaker’s 14 auto brands will get funding over the next 10 years to prove themselves. “For the time being, we
BMW prepares to unveil a limited series hydrogen fuel cell model SUV in 2022 as the automaker keeps researching zero-emission alternatives to battery-electric cars, the automaker’s top executive said on
Aston Martin is soon going to have new dealerships in multiple European locations, after signing agreements with six new dealer partners. The automaker’s transformation plan ‘Project Horizon’ identified a need
Volkswagen has finalized a commitment to introduce a new investment cycle in Brazil, the continent’s top auto producer, its chief executive for South America informed Reuters in an interview on Friday.
Volkswagen is looking for outside money in its preparation to build up to six battery cell factories in Europe by 2030, CEO Herbert Diess said on Thursday, adding he was
Luxury automaker Aston Martin posted a smaller first-quarter loss in 2021 of 42.2 million pounds ($58.7 million) and said it will keep taking steps towards profitability, as its sales to
Japan’s Nissan Motor said on Tuesday it was selling its approximately 1.5% stake in German automaker Daimler through an accelerated bookbuild offer, after a similar move by alliance partner Renault
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