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Daimler will cut fixed costs, capex, and R&D spending at Mercedes-Benz by over 20% by 2025 as part of a strategy overhaul to take the brand further upmarket. The move
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EU antitrust regulators will make decision by February 2, 2021, whether to clear Fiat Chrysler Automobiles (FCA) and French automaker’ PSA merger, a filing on the European Commission website noted on
Volkswagen needs to modify to stay relevant in the electric and digital vehicle era and will announce “important steps” to that end before the end of the year, CEO Herbert
Lebanon’s economic hardship is restoring confidence not a lack of financial assets, Carlos Ghosn, the former CEO of Renault and Nissan, informed a news conference in Beirut to start a
The four major unions representing workers at Renault are opposed to its cost-cutting plans, union sources said, adding to the French automaker’s restructuring troubles. Loss-making Renault, which is 15% owned
Fiat Chrysler will pay a $9.5 million (£7.4 million) civil penalty to settle allegations it deceived investors by not revealing that it carried out only a limited internal review of
Audi has been in the car market for more than a hundred years. Right from the start, the brand wanted to create fast cars that would modify the future. They
Chongqing Changan Automobile said on Saturday that sales of the Changan Ford joint venture will increase this year. Chairman Zhu Huarong had made the comments at the Beijing International Automotive Exhibition
Daimler’s former CEO Dieter Zetsche will not seek to become chairman of the German automaker’s supervisory board, he informed Frankfurter Allgemeine Sonntagszeitung newspaper. Zetsche, 67, a former chief executive of
French automaker PSA has offered to boost the production capacity for Japanese rival Toyota in their joint venture in a bid to win EU antitrust okay for its Fiat merger deal, people
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