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Aston Martin will not make its World Endurance Championship or Le Mans bow because it has postponed the development of its “Valkyrie” car for the races, the company stated. The
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German automaker Daimler on Friday cautioned of dangers for the economy and its own business because of the outbreak of coronavirus that is spreading in China and elsewhere in the
Volkswagen finance chief Frank Witter will quit the German automaker in the summer of 2021, German business publication Manager Magazin reported on Thursday. Witter has refused to extend his contract
Elon Musk is not really positive about the recent car purchase of fellow billionaire entrepreneur Bill Gates. After Gates stated he purchased himself an all-electric Porsche Taycan, Tesla’s CEO took to Twitter to discuss
French Finance Minister Bruno Le Maire warned French automaker Renault on Tuesday against factory closures in France and cutting jobs there after the automaker announced “no taboos” cost slashes last
Volkswagen is closing two coal-fired power stations at its major plant in Wolfsburg, Germany and has rejected offers to sell them to slash the company’s carbon dioxide emissions, CEO Herbert
Fiat Chrysler (FCA) stated on Friday it had temporarily stopped production at its Serbian plant, the first such suspension by an automaker in Europe in response to the coronavirus outbreak
Volkswagen stated it will compensate owners of its heavily polluting diesel automobiles in Germany in a settlement that will cost automaker 830 million euros ($900 million). In 2015 VW admitted
Daimler will not give up the profitability of next-generation electric vehicles, CEO Ola Kaellenius stated on Tuesday, as the automaker is having a somewhat hard time to meet more strict
Volvo Cars and its owner Geely Holding stated Monday they are thinking about combining their businesses to form a company that would speed up “financial and technological synergies between the
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