Volkswagen is planning to loss-making startup Tesla for motivation on the best ways to enhance its core business, the Volkswagen’s chief executive Herbert Diess stated in an interview. Asked who
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On Friday, Volkswagen AG executive Oliver Schmidt pleaded guilty in U.S. District Court in Detroit with association with the diesel emissions scandal that has cost the automaker about $25 billion.
BMW has informed its top managers that regulators penetrating reports of collusion amongst German automakers will find the claims hard to justify, 2 sources acquainted with the matter stated. German
Munich prosecutors on Friday stated a criminal investigation into diesel manipulation at automaker Audi has now reached the management board level. The investigation is focusing unknown individuals, a spokesperson for
Tesla Inc reported quarterly earnings that doubled on Wednesday and a loss that was the automaker’s biggest ever, but its shares increased after revealing over 1,800 daily bookings for the
Honda Motor increased its profit forecast for the year pointing out a more beneficial currency exchange rate, after posting an unexpected increase in quarterly revenues on the back of a
Volkswagen, Daimler and BMW are dealing with expenses of a minimum of 500 million euros ($593 million) to update the engine software of diesel automobiles in Germany to suppress emissions,
Billionaire financier David Einhorn, who has been harmed by his bet against Tesla Inc, stated on that the automaker is over-valued and that the business is not sufficiently capitalized. “The
The European anti-fraud office examining if Volkswagen used EU funds and European Investment Bank (EIB) loans to make devices that cheated emission tests has sent its judicial suggestions to German
Infineon will provide parts to Tesla’s upcoming mass-market Model 3, the German chipmaker stated, after being vanquished as initial provider by Franco-Italian competitor STMicroelectronics for the desired deal. Infineon, which
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