General Motors planned $3.6 billion cash infusion to save its South Korean business is going to be in the form of loans, while Korea Development Bank (KDB) will get preference
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Shareholder adviser Hermes EOS stated on Wednesday it had recommended clients vote against the election of two candidates to the supervisory board of automaker Volkswagen and called for an evaluation
Nikola Motor, the maker of hydrogen-powered semi trucks, filed a lawsuit on Tuesday against Tesla Inc accusing the automaker of design patent infringements. Tesla’s Semi, its first electric heavy duty
Most major automakers on Tuesday posted lower amount of new U.S. vehicle sales for April as consumer demand continued to weaken and competition intensified after a lengthy increase for the
Volkswagen’s Czech division Skoda stated it will move some production of sport-utility vehicles (SUVs) to Germany to meet increasing demand for its models. Executives at Europe’s largest automotive group and
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
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
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