German premium automaker Audi aims to sell 1 million vehicles in China in 2023, against 726,000 vehicles in 2020, the brand’s China chief Werner Eichhorn said on Wednesday. Audi, which
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Volkswagen AG has lost sales of tens of thousands of cars in China due to global chip supply shortage having impacted its production in December, the head of its China
China’s Zhejiang Geely Holding, which owns Volvo Cars and holds 9.7% of Daimler, said on Tuesday it has signed an agreement with Tencent Holdings to develop smart vehicle cockpit and
Fiat Chrysler and PSA have finalized their long-awaited merger on Saturday to form Stellantis, the world’s fourth-largest automobile group with deep enough pockets to fund the transition to electric driving
BMW said on Friday that it wants to double its sales of fully-electric vehicles this year as the automaker and competitors race to release new models to comply with CO2
A German court in Braunschweig, Germany, said on Friday it had stopped criminal proceedings against former Volkswagen CEO Martin Winterkorn for alleged market manipulation as part of the automaker’s diesel
Daimler will reduce production and working hours at a second factory, as the automaker is having a hard time due to a global shortage of semiconductors, the Handelsblatt daily reported
French automaker Renault in December drew down an extra 1 billion of its 5 billion euro ($6.1 billion) government-guaranteed loan arranged because of the coronavirus crisis, Deputy Chief Executive Clotilde
Volkswagen said on Wednesday it would further slash auto production at its main plant located in northern Germany because of a shortage of semiconductors that has hit the industry globally.
Italian American automaker Fiat Chrysler Automobiles (FCA) said on Wednesday that the payment of a planned 2.9 billion euro ($3.5 billion) special dividend as part of its merger with French
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