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Renault is planning to significantly reduce its vehicle range, withdrawing well-known but poorly performing models like the Espace minivans, as part of looming cost reduction plans, four sources in the
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Fiat Chrysler’s decision to scrap its dividend has set another setback for plans by the Agnelli family’s Exor arm to raise cash following a $9 billion sale of its reinsurer
BMW on Thursday stated China sales of luxury passenger cars revived in April but the German premium car and motorbike producer cautioned that other markets consisting of the United States
Aston Martin posted a deep first-quarter loss following decline in sales by almost a third because of the impact of the coronavirus crisis, though the luxury automaker said production of
EU antitrust regulators will make a decision by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA’s $50 billion merger, according to a European Commission filing on Monday.
Volkswagen observes demand rebounding in China, due to new buyers switching from public transport and sales of premium vehicles, but cautioned that the business would not recover from the coronavirus
BMW will put investments on hold as it looks forward to conserve cash to counter a decline in demand caused by the spread of Covid-19 coronavirus pandemic, Chief Financial Officer
BMW has reduced the outlook for the profitability of its automotive and motorcycles divisions, citing the low demand which has been hit because of the movement restrictions imposed to contain
The United Auto Workers, the union that represents U.S. hourly workers at Detroit automakers, has given its tacit approval on Tuesday for the automakers to resume production amid the coronavirus
Fiat Chrysler Automobiles (FCA) has seen first-quarter loss of $1.8 billion and warned of a “significant” loss this quarter, even as it plans to reopen its most profitable North American
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