Renault is set to sell its majority stake in Russian automaker Avtovaz to a Russian science institute, the French automaker said on Monday, adding that the deal consists of a
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Renault said on Thursday that the two business units that would emerge from its planned separation of electric and conventional car production could both employ 10,000 staff by 2023. Renault
Volkswagen is preparing to build 800,000 fully electric cars globally this year and 1.3 million in 2023, the automaker said on Thursday. Volkswagen delivered 452,000 EVs worldwide in 2021 and
Volkswagen and its partners will invest 10 billion euros ($10.6 billion) to make electric vehicles and batteries in Spain, the automaker said on Thursday. The automaker also announced a partnership
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
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
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