Fiat Chrysler and PSA have informed their employees they would sign a binding merger agreement in the coming weeks. In two independent communications through internal channels, obtained by Reuters on
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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
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
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