BMW will pay 3.6 billion euros ($4.2 billion) to gain control of its main joint venture in China, the first such move by an international automaker as Beijing starts to …
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Arndt Ellinghorst
Volvo Cars and its Chinese owner Geely have delayed plans to float shares in the Swedish automaker, putting blame on trade tensions and a slump in automotive stocks. But while …
- Volkswagen
Volkswagen emissions scandal bill hits $30 billion after another charge
by SpeedLuxby SpeedLuxIn the United States, Volkswagen is taking another $3 billion charge to repair diesel engines, lifting the overall bill for its emissions-test scandal to around $30 billion. The automaker is …
Daimler shares increased over 3 percent in early trade after the Mercedes maker reported higher than anticipated first-quarter profits, enhanced by one-off gains and an increase in purchases of luxury …
Profits at Volkswagen‘s core brand name plunged over a half in the 3 months through September, showing up the pressure on the German automaker to strike a huge cost-cutting deal …
