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BMW published an increase in first-quarter profit on Thursday. This was due to a reevaluation of the German automaker’s stake in its Chinese joint venture and strong pricing, that kept
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Electric vehicle battery startup Group14 raised $400 million from a group of investors led by German automaker Porsche on Wednesday. Part of that money, which has increased Group14’s valuation to
Aston Martin on Wednesday named former Ferrari CEO Amedeo Felisa as its new CEO as the British luxury automaker works on emulating the Italian automaker’s success and focusing on electrification.
Volvo Cars’ monthly sales declined 24.8% in April from a year earlier due to lockdowns in China and disruption in the global supply chain. The automaker said that demand remained
Stellantis has agreed to purchase the Share Now car-sharing business from BMW and Mercedes-Benz as the two German companies concentrate more on the software part of their mobility alliance. Stellantis
Volkswagen’s premium brands Audi and Porsche have taken the decision to join Formula 1, said Volkswagen CEO Herbert Diess on Monday. Diess added that Porsche’s preparations to join the highest
Mercedes-Benz is taking a look at energy alternatives should Russia cut gas deliveries. The automaker is working closely with German officials to ensure energy supplies, the premium automaker’s top executive
Volkswagen is thinking about an expansion of its Chattanooga plant in the United States for producing an electric pick-up and the new ID.Buzz microbus, according to a Reuters report citing
Volvo Cars said on Thursday posted profits above forecasts and said that demand for its products continues to be strong while chip constraints were gradually improving. The ongoing shortage of
Renault is set to transfer its 68% stake in Russia’s biggest automaker AvtoVAZ to an auto research institute for one symbolic rouble. The report comes as an example of local
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