Volkswagen CEO Herbert Diess on Friday stated he expected the multi-brand automaking group to be the most profitable manufacturer of electric cars due to economies of scale. Even first generation
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U.S. automakers and parts suppliers on Thursday cautioned that President Donald Trump’s steel and aluminum tariffs and threatened vehicle tariffs would undermine the advantages of the new deal to modernize
Tesla Inc CEO Elon Musk stated on Thursday that Model 3s ordered in the United States by the end of this month are going to be delivered by December 31,
BMW stated it was continuing to plan for a no-deal Brexit, given uncertainty around Prime Minister Theresa May’s deal following resignation of several ministers in protest. BMW welcomed this week’s
Ford Motor and Walmart and delivery service Postmates Inc will work together to design a service for providing groceries and other goods to Walmart clients that could someday use autonomous
German automaker Daimler AG stated on Wednesday it prepares to invest 1.1 billion yuan ($158.23 million) in a second research and development center located in Beijing to help speed up
Deliveries of Volkswagen’s Skoda Auto cars dropped 7.4 percent in October, mostly in European markets because of conversions to conform to the Worldwide Harmonised Light Vehicle Test (WLTP) anti-pollution regulations.
Hedge fund Elliott on Tuesday renewed pressure on Hyundai Motor, prompting it to return $10.6 billion of capital to shareholders and look forward to sell non-core assets, consisting of costly
Volkswagen intends to sell electric vehicles for less than 20,000 euros ($22,836) and safeguard German jobs by converting three factories to make Tesla competitors, a source familiar with the plans
Volkswagen could build up to fifty million electric cars on its new electric vehicle platform and is looking at broadening its manufacturing footprint in the United States, Chief Executive Herbert
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