Volkswagen CEO Herbert Diess will promote Porsche CEO Oliver Blume to become head of the Volkswagen brand as part of a broader management reshuffle, Auto Motor und Sport stated on
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Renault finalized a 5 billion euro ($5.60 billion) loan on Wednesday from with the French government, boosting the automaker’s finances following the coronavirus crisis which has damaged the auto industry.
Volkswagen has closed its $2.6 billion investment in self-driving startup Argo AI, who is based on Pittsburgh. The automaker disclosed in a blog post on Tuesday. Argo, established in 2016
A U.S. appeals court ruled on Monday that German automaker Volkswagen AG cannot escape possible financial penalties from two counties in Florida and Utah that may amount to a “staggering”
Volvo Cars USA reports 9,519 cars sold in May 2020, making it a strong month-over-month result, dropping only 2.5 percent. Overall year-to-date sales declined 18.2 percent Sales were down just
German automaker Opel is preparing to start manufacturing a compact car for French parent PSA at its main Ruesselsheim plant from mid-2021 onwards, German business daily Handelsblatt reported, and mentioned
The Mexican unit of Germany’s Volkswagen AG stated on Monday the automaker was ready to resume operations in the states of Puebla and Guanajuato on June 15 after activity was
Several vehicles inside a Mercedes-Benz showroom in California’s Oakland were vandalized and damaged when rioters broke in during clashes over the death of George Floyd. Riots and demonstrations have spread
French automaker Renault has no plans to shut down its Maubeuge plant in northern France, Chairman Jean-Dominique Senard stated on Sunday, two days after the automaker announced 15,000 job cuts
SEAT UK is starting a phased re-opening of its showrooms in the UK in line with the easing of government restrictions. The government and automakers had enforced shutdowns of factories
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