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
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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
BMW and Audi have suspended shipments of cars by rail from Germany to China due to the ongoing conflict in Ukraine, the automakers said on Tuesday. While both automakers produce
Volkswagen Group factory in Shanghai has started a gradual resumption of production, the automaker said on Monday. Its factories in the northeastern Chinese city of Changchun, which it operates in
Ferrari revealed the new 296 GTS convertible, its fourth plug-in hybrid model as a part of the luxury automaker’s electrification plan. It comes after Ferrari’s three earlier hybrid models that
Renault said on Friday that all options were on the table for separating its electric vehicle business, including a possible public listing by 2023. Thierry Piéton, Renault’s finance chief, said
Luxury automaker Ferrari is set to recall 2,222 cars in China because of a possible fault in its braking systems, China’s market regulator said on Friday. The recall will start
On Wednesday, BMW started pre-sales of the seventh generation of the BMW 7 Series, which is featuring an all-electric luxury sedan for the first time as well as hybrid and
Volkswagen Group China on Monday said its factories in the northeastern Chinese city of Changchun have gradually restarted production as the city eases movement restrictions imposed for curbing Covid-19 cases.
BMW CEO Oliver Zipse said the companies need to be careful not to become too dependent on a few countries by focusing only on electric vehicles, adding that the market
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