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
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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.
Volkswagen AG’s luxury unit Audi stated on Tuesday that it was recalling 1.16 million vehicles globally due to concerns that an electric coolant pump could overheat or short-circuit due to
Volkswagen trumpeted a good start to this year at the Beijing auto show on Tuesday and described spending plans for electric vehicle and autonomous driving ventures in the country. The
PSA Group posted a 42 percent boost in first-quarter revenue, raised by its acquisition of Opel-Vauxhall. Group revenue increased to 18.18 billion euros ($22.2 billion), the parent of Peugeot and
U.S. activist hedge fund Elliott Management rejected Hyundai Motor Group’s restructuring plan as insufficient on Monday and called on the South Korean conglomerate to embrace a holding company plan and
Hyundai Motor stated it would keep communicating with shareholders and investors, including Elliott Management, regarding its proposed restructuring plan. “Hyundai Motor Group will keep communicating with shareholders and investors across
The German state of Thuringia is ready to offer help to automaker Opel for keeping the region’s Eisenach plant open, state premier Bodo Ramelow informed Reuters on Monday. The state
General Motors’ South Korean unit dropped their plan of filing for bankruptcy following winning concessions on pay, bonuses and advantages from its labor union in a tentative deal reached on
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