Volkswagen announced on Monday a $2.9 billion battery components joint venture with Belgian materials firm Umicore. The move is the latest for the automaker to bring battery supplies closer to
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Mercedes-Benz is not currently looking at acquisitions as a means to proceed with its strategy of repositioning the automaker as a luxury firm, CEO Ola Kaellenius said on Friday. “There
Aston Martin is raising 575.8 million pounds ($668 million) in a rights issue as significant investors including Saudi Arabia’s sovereign wealth fund keep faith with the automaker. The automaker said
Volvo Cars saw its August sales decline by 4.6% year-on-year to 43,666 vehicles as the worldwide semiconductor shortage and other disruptions continue, the automaker said. Demand remained good, but the parts
Mercedes-Benz prepares to invest 1.2 billion euros in its Vitoria plant located in north-western Spain after workers backed a new labor agreement, unions UGT and CCOO said on Tuesday. About
Mercedes-Benz sales declined sharply in the second quarter, due to supply problems and coronavirus lockdowns in China, the automaker said. The automaker made deliveries of 490,000 passenger cars from April
BMW sold almost a seventh fewer vehicles in the first half of this year compared with the same period in the last year largely due to chip shortages and lockdowns
Volkswagen and its partners are set to invest more than 20 billion euros ($20.38 billion) in a battery cell business, creating 20,000 jobs and targetting yearly sales above 20 billion
Volvo Car Group is set to invest 1.2 billion euros ($1.25 billion) for building an electric vehicle (EV) plant in Slovakia, the automaker said. The site will bolster its standing
Audi announced on Wednesday that it will invest 100 million reais ($19.22 million) to resume production at its plant in Parana, Brazil, according to plans revealed in 2021. Initially, the
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