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German automaker Volkswagen will join forces with China’s NIU to collaborate in production of battery-powered kick scooters, German newspaper Die Welt reported without mentioning sources. The companies are going to
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BMW’s Chief Executive on Tuesday stated the automaker has boosted production of its X3 offroader model in Spartanburg, South Carolina, along with that one in China, a step which decreases
BMW’s first-quarter operating profit dropped 78 percent to 589 million euros, regardless of higher deliveries of luxury vehicles, as the automaker felt the effects of higher investment spending and a
German prosecutors imposed a 535 million euro ($598 million) fine on Porsche AG, a unit of Volkswagen, as punishment for lapses in supervisory duties which made it possible for the
Ferrari beat forecasts on Tuesday with a 14 percent increase in first-quarter core earnings, increasing its shares on rising expectations the Italian luxury automaker might soon raise its full-year financial
Volkswagen has approached several companies to measure their appetite for purchasing MAN Energy Solutions, that makes large diesel engines for ships and power generators, people close to the issue said.
A federal judge in San Francisco on Friday authorized a $307.5 million civil settlement for about 100,000 U.S. owners of Fiat Chrysler diesel vehicles that the government stated had illegal
Fiat Chrysler Automobiles NV (FCA) stated on Friday that new U.S. pickup truck models would assist the automaker achieve its 2019 profit targets and offset a weak performance in the
Sales of higher-margin sports utility vehicles and cost cuts assisted Volkswagen to brush a 1 billion euro legal charge aside to meet first-quarter operating profit forecasts on Thursday, sending its
Volkswagen stated it has set aside 5.5 billion euros ($6.16 billion) in contingent liabilities to cover possible dangers emerging from a diesel cheating scandal, chief financial officer Frank Witter stated
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