Volkswagen is in talks to establish a joint venture with China’s Didi Chuxing to manage part of the ride-hailing company’s fleet of vehicles and assist with development of “purpose-built” vehicles
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Hyundai Motor stated on Friday it will cancel $890 million worth of treasury shares, its first stock cancellation in 14 years – a strategy that comes amid shareholder pressure to
Volkswagen expects productivity at its core autos brand to keep expanding in the months before because of cost cuts and full availability of higher-margin models launched in 2017. “We have
Toyota Motor is going to invest $170 million in a plant in Mississippi to develop the next generation of its Corolla sedan, the Japanese automaker stated on Thursday. The investment
Volkswagen group’s second-quarter operating profit should compare with 2017’s level of 4.55 billion euros ($5.54 billion) at least, finance chief Frank Witter stated. Underlying profit in the April-to-June period should
South Korea’s antitrust chief on Thursday stated U.S. activist fund Elliott Management’s proposal for Hyundai Motor Group to embrace a holding company structure was “inappropriate” and, if applied, would be
General Motors has planned to provide $3.6 billion in fresh funding to its struggling South Korean unit, more than its earlier proposed $2.3 billion as part of a preliminary deal,
German automaker BMW expects the pace of growth of its China sales to nearly halve this year, the firm’s chief executive stated on Wednesday, amid a broader slowdown in the
German luxury automaker Audi AG is looking to double China production with regional partner China FAW Group under five years, its chief executive stated on Wednesday, as worldwide automakers seek
Guangzhou Automobile Group Co Ltd (GAC) on Wednesday stated a brewing trade war between China and the United States could damage the Chinese automaker’s strategies to enter into the U.S.
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