Report: Audi to name interim CEO following arrest of Stadler

2017 Audi R8 V10 plus exclusive edition images

Volkswagen’s premium brand Audi is going to appoint an interim chief executive as current boss Rupert Stadler was arrested earlier on Monday, Germany’s Frankfurter Allgemeine Zeitung reported, without mentioning any sources. The appointment is going to be made at a supervisory board meeting convened at short notice on Monday, the paper stated. Munich prosecutors, who […]

Daimler to stop selling combustion engine Smart cars in US and Canada, will focus on electric cars

Smart cars

Daimler will quit selling combustion engine Smart cars in the United States and Canada and focus the brand on electric vehicles in both countries, the company stated. Dietmar Exler, head of Mercedes-Benz USA, stated in a letter to dealerships evaluated by Reuters that the sale of Smart vehicles with gasoline engines would quit when the […]

Volkswagen expects to lose 25,000 jobs

Volkswagen logo

Europe’s biggest vehicle producer Volkswagen says a shift to electrical vehicles will require the automaker to slash 25,000 job openings in the coming years, the Frankfurter Allgemeine Zeitung paper reported, mentioning the automaker’s head of personnels. As cars with electrical motors are developed from fewer parts than cars with combustion engines, “we will require less […]