Volvo Cars’ monthly sales declined 24.8% in April from a year earlier due to lockdowns in China and disruption in the global supply chain. The automaker said that demand remained
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Stellantis has agreed to purchase the Share Now car-sharing business from BMW and Mercedes-Benz as the two German companies concentrate more on the software part of their mobility alliance. Stellantis
Volkswagen’s premium brands Audi and Porsche have taken the decision to join Formula 1, said Volkswagen CEO Herbert Diess on Monday. Diess added that Porsche’s preparations to join the highest
Mercedes-Benz is taking a look at energy alternatives should Russia cut gas deliveries. The automaker is working closely with German officials to ensure energy supplies, the premium automaker’s top executive
Volkswagen is thinking about an expansion of its Chattanooga plant in the United States for producing an electric pick-up and the new ID.Buzz microbus, according to a Reuters report citing
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
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
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