BMW expects to earn a profit this year if demand continues to recover, despite posting a record loss for its auto division in the second quarter after sales declined 25%
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Ferrari has trimmed its full-year earnings forecast on Monday following the decline in second-quarter income of about 60% because of the impact of the coronavirus crisis but said orders were
Volkswagen’s Czech automaker Skoda Auto named VW’s South Africa boss Thomas Schaefer as its new chairman on Monday as part of a broader shake-up at the automaker. Schaefer is taking
Skoda Auto sees signs of recovery following first-half deliveries saw a 31% decline amid coronavirus lockdown measures, the Czech automaker owned by Volkswagen stated on Friday. The automaker, a bellwether
German automaker Volkswagen owned U.S. subsidiary on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling which stated that two counties could seek financial penalties for
Automakers that once competed mostly over the power of their engines are now striving over a much less tangible sort of power as they race to develop automated automobiles –
Volkswagen reported a second-quarter operating loss on Thursday as vehicle deliveries declined by nearly a third because of the coronavirus crisis, forcing the German automaker to slash its dividend despite
Volkswagen on Thursday moved to turn down rumours that CEO Herbert Diess had been sidelined by issuing an unsolicited declaration of support, after clashes with the company’s labor leaders who
Bugatti and the London-based Little Car Company are collaborating to make 500 miniature electric Bugattis for kids — and now some of them have just become available to buy. Initially,
McLaren and Gulf Oil International Ltd on Tuesday announced a multi-year strategic partnership that will see Gulf, one of the most popular lubricant brands in the world, partner with world-famous race team
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