European | SpeedLux

Aston Martin prepares to resume St Athan unit, cuts executives’ pay

Aston Martin stated on Thursday it prepares to resume its St Athan factory located in south Wales on May 5 and will also restart operations at Gaydon later, following the

Volkswagen5 years ago

Volkswagen making masks in China for its staff at European plants

Volkswagen AG is creating making masks in China for distribution to Volkswagen plant workers in Europe, the German automaker stated on Thursday as it plans to resume European production. Volkswagen

Daimler5 years ago

Daimler’s earnings decline as coronavirus hit sales

German automaker Daimler reported a drop of almost 70% in first-quarter operating profit on Thursday because of the coronavirus pandemic and warned that the cash flow it utilizes to pay

Renault-Nissan-Mitsubishi Renault Nissan Mitsubishi

Nissan5 years ago

Nissan, Renault and Mitsubishi reportedly partners to draft deeper alliance in May

Nissan Motor, Renault SA and Mitsubishi Motors are going to draft plans for a deeper alliance next month, including joint development of more electric vehicles and autonomous technology, the Yomiuri

Volvo5 years ago

Daimler partners with Volvo for $1.3 billion Hydrogen fuel-cell joint venture

German automaker Daimler has announced on Tuesday that it is collaborating with Swedish auto giant Volvo to establish a $1.3 billion joint venture to make Hydrogen fuel-cell for trucks. Both

Peugeot5 years ago

Peugeot maker PSA says demand to drop significantly

French automaker PSA on Tuesday warned of significant drop in demand for the sector this year after publishing a 15.6% fall in first-quarter sales but maintained its mid-term operating margin

Land Rover5 years ago

Jaguar Land Rover extends COVID-19 production pause in UK

Jaguar Land Rover (JLR) on Monday stated it would be extending its temporary pause in production lines in the UK for few more weeks as the coronavirus crisis continue to

Ferrari5 years ago

Ferrari comes to aid local communities in Italy hit by coronavirus

In response to the COVID-19 coronavirus crisis, Ferrari has agreed to donate all or part of their annual compensation to help a series of initiatives in the region with the

Volkswagen5 years ago

Volkswagen to keep factories closed through April in Brazil

Volkswagen AG stated on Monday it will keep its plants in Brazil, South America’s top auto producer, closed through the end of the month, but that a decision has not

Volkswagen5 years ago

Volkswagen settles lawsuit with most of the VZBV related claimants

Volkswagen has reached settlements with 200,000 of the 260,000 claimants taking part in a class action lawsuit brought by German consumer group VZBV over the automaker’s misleading diesel emissions tests,

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