Volkswagen’s premium auto brand Audi stated on Tuesday it would spend 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization and self-driving. Overall, the company’s projected expenditure for
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Tokyo prosecutors prepare to arrest Carlos Ghosn on a fresh claim of understating his earning, the Sankei newspaper reported on Tuesday, in a move that could keep the former chairman
General Motors CEO Mary Barra, facing increasing criticism, will meet with Ohio’s two U.S. senators on Wednesday regarding the automaker’s strategies to idle five North American plants and slash up
Holiday season deals propped up U.S. auto sales in November, limiting the scale of yearly decline at some automakers and putting total figures on course to top experts’ expectations, numbers
BMW expects headwinds from increasing currency and commodities costs to reach a mid to high triple-digit million euro amount in next year, Chief Financial Officer Nicolas Peter stated on Monday.
Nissan’s three independent board members are going to meet on Tuesday to talk about a replacement for arrested former Chairman Carlos Ghosn, a source knowledgeable with the matter stated. The
U.S. President Donald Trump stated China had agreed to slash import tariffs on American-made cars, buoying shares in BMW and Daimler who produce in the United States for export to
Several European nations have either ordered vehicle recalls by automakers over diesel emissions cheating or prepare to do so, German weekly Bild am Sonntag reported without mentioning sources. The paper
Japanese Prime Minister Shinzo Abe informed French President Emmanuel Macron on Friday that the future of the Renault-Nissan alliance depends on private shareholders, a spokesman for the Japanese leader stated.
A U.S. judge in California has okayed preliminary approval to a $48 million settlement for investors who stated Volkswagen AG made incorrect and misleading statements about its excess diesel emissions.
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