Arndt Ellinghorst

BMW7 years ago

BMW to get control of China venture in ‘new era’ for foreign automakers

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

Volvo7 years ago

Volvo Cars drops IPO following trade tensions and auto stocks slump

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

Volkswagen8 years ago

Volkswagen emissions scandal bill hits $30 billion after another charge

In 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

Daimler8 years ago

Daimler shares rise following the boost in Mercedes sales

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

Volkswagen9 years ago

Volkswagen Brand Profit Dives, Porsche Lifts Automaker

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

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