Alibaba, Tencent, Suning, and automakers such as Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the significance of ride-sharing giant Didi
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Daimler has asked Goldman Sachs to help it observe boosting its stake in Chinese automaker BAIC Motor, its main China joint venture partner, two people with knowledge of the matter
Hyundai Motor Group companies’ shareholders turned down Elliott Management’s demands on Friday for a massive special dividend and board seats, dealing a blow to the American hedge fund’s campaign to
Ford Motor on Thursday named Amazon.com veteran Tim Stone as chief financial officer (CFO), the automaker’s first external hire for the role in more than 70 years. Stone, 52, replaces
Volkswagen and Swedish battery maker Northvolt and other companies along with science labs are going to work together in battery cell research, the German automaker stated on Thursday. Beginning in
Ford Motor stated on Wednesday it is bringing production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set in
Volvo expects its margins on electric cars to find similarity with those of vehicles with combustion engines by 2025. Global automakers are preparing a $300 billion surge in spending on
BMW expects group pretax profit to drop by over 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency strategy to help offset higher
Skoda Auto does not expect to repeat the strong wage increase agreed in 2018 again in the recent round of collective bargaining, a board member said on Wednesday. Skoda is
The trial of former Nissan Motor boss Carlos Ghosn on charges of under-reporting his income is expected to start in Tokyo in September, Japan’s public broadcaster NHK stated on Wednesday.
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