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Audi on Tuesday announced a significant restructuring scheme, cutting around 9,500 jobs until 2025 in an effort to embrace production to the e-mobility era and gain billion-euro cost savings. “The
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Fiat Chrysler has already started 90% of the investments earmarked for Italy, the automaker’s COO for the EMEA region Pietro Gorlier stated on Monday. FCA – which is finalizing merger
Volkswagen’s premium unit Audi intends to cut thousands of jobs to fund a costly shift to electric vehicles, but talks with powerful labor spokespersons have hit a logjam, two sources
BMW on Thursday informed that it had ordered more than 10 billion euros ($11.07 billion) worth of battery cells from Contemporary Amperex Technology, a Chinese battery cell maker, and Samsung
Fiat Chrysler Automobiles NV stated on Thursday it is going to recall almost 700,000 sport utility vehicles worldwide due to a faulty electrical connection that could prevent engine starts or
Daimler will start selling its electric Mercedes-Benz EQC in the United States in early 2019 at a starting price of $67,900, the German automaker stated on Wednesday. The Mercedes-Benz EQC
BMW is in talks with labor representatives and its top providers as it looks forward to achieving cost savings of over 12 billion euros ($13.26 bln) by 2022, Chief Financial
Germany’s cartel authority stated on Thursday it was fining the three major automakers of the nation – BMW, Volkswagen and Daimler – a total of 100 million euros for forming
Volkswagen on Tuesday rejected allegations of being anti-competitive after parts supplier Prevent Group took legal action against the automaker in the U.S. District Court in Detroit. The lawsuit states that
Most of the unions representing employees at Peugeot maker PSA are in support of a planned $50 billion merger with Fiat Chrysler, PSA executives and union representatives stated. The unions
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