Ride-hailing company Uber Inc has offered over 1 billion euros ($1.19 billion) to purchase Daimler and BMW’s joint mobility services company Free Now, German business magazine Manager Magazin reported on Wednesday.
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BMW on Monday said rebounding markets helped the German automaker to deliver higher-than-expected free cash flow in the automotive segment in the third quarter. Free cash flow totaled to 3.07 billion
French automaker Renault will unveil an eight-year plan by 2020 as the group contends with a demand decline exacerbated by the coronavirus crisis, Chief Executive Luca de Meo said in
Jaguar Land Rover (JLR) prepares to launch its electric Jaguar I-PACE sedan in India in early 2021, the automaker’s country head informed Reuters on Thursday, as governments throughout the world
Fiat Chrysler Automobiles (FCA) will spend between $1.35 billion and $1.5 billion in its Windsor assembly plant located in Canada to build electric vehicles as part of a tentative deal
French automaker PSA is putting an end to the production of Peugeot and Citroën small city cars, three sources informed Reuters, withdrawing from an increasingly unprofitable market as it begins a
French automaker Renault has drawn down part of a 5 billion-euro ($5.86 billion) loan guaranteed by the French government, put in place earlier this year to increase its finances during
Daimler shares boosted 4.5% on Friday after the German luxury automaker posted forecast-beating third-quarter results, rallied by a better-than-expected recovery in sales of luxury cars in September. European car registrations increased
General Motors on Tuesday filed an appeal with the 6th Circuit Court of Appeals in Cincinnati, seeking reinstatement of its racketeering lawsuit against Fiat Chrysler Automobiles (FCA). GM took legal
German premium automaker Audi said on Tuesday it had signed a memorandum of understanding with China’s state-owned FAW Group to start a venture for making premium electric vehicles (EVs). Audi
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