Volkswagen will pay a 48% premium to buy out the small shareholders of premium division Audi, the premium division said on Tuesday. Volkswagen, which already holds 99.64% of Audi, declared
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Volkswagen is boosting its stake in U.S. company QuantumScape by up to $200 million to increase the development of solid-state battery technology that aims to increase the range of electric
French automaker Renault plans to cut 1,500 engineering jobs in France, a trade union source informed Reuters on Tuesday. The engineering job cuts are part of cost savings plans that
Peugeot’s award-winning light commercial vehicle (LCV) range is now available for booking online through Peugeot Buy Online. Customers can speak to a Brand Specialist from online portals, configure and reserve
Fiat Chrysler Automobiles (FCA) is among the nine companies participating in a U.S. Department of Transportation initiative created for improving the safety and testing transparency of self-driving cars, and Michigan is among
Hungary is ready to provide financial support to German automaker Audi to help its manufacturing plant in the country run at full operating capacity, Prime Minister Viktor Orban said on
Volkswagen expects a very unfavorable second quarter, but also sees a positive adjusted operating profit before special items for this year, Chief Financial Officer Frank Witter stated in an internal
Former Nissan CEO Carlos Ghosn always said he was set up and now there’s some evidence to support the businessman’s claim. According to people knowledgeable with what happened and previously
Volkswagen’s Mexican unit will start sending workers back to its plant in the central state of Puebla on Tuesday for “preparation and training eyeing a gradual start further ahead,” the
Puebla, a state in Mexico state, said it is not ready to reopen its automotive sector because of the ongoing increase of the coronavirus. Volkswagen and it’s luxury brand unit
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