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
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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
Daimler’s Mercedes-Benz has revealed a major interior component of its upcoming electric luxury sedan: a large, curved screen that sweeps throughout almost the entire width of the car instead of
French automaker Renault and U.S. hydrogen specialist Plug Power have joined forces for developing hydrogen-powered light commercial vehicles (LCV), they said on Tuesday. The companies have signed a memorandum of
BMW said it observed an 8.4% decline in vehicle sales in 2020 as the outbreak of coronavirus took its toll and many retail outlets across the world were closed for
Volkswagen will recall 56,000 of its bestselling Golf models for repairing the software issues that affect the infotainment system and reversing camera, the German automaker said on Tuesday. The fix
Renault’s new CEO Luca de Meo will revive some best-selling models from the 1960s to 1990s era as electric vehicles under a turnaround plan intended at improving sales and repositioning
When Lamborghini announced their first SUV, the Urus, they also announced they were doubling their production capacity to around 7 thousand vehicles per year. Up until that point, there were
Volkswagen’s premium automaker Audi aims to get rid of combustion engines and offer only electric cars in 10 to 15 years, at the latest, German weekly WirtschaftsWoche reported. The automaker
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