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German automaker BMW will raise its spending more on research and development next year, to 6.5 to 7 percent of sales, finance chief Nicolas Peter informed Handelsblatt. “That is a
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Audi intends to cut expenses by 10 billion euros ($12 billion) by 2022 to construct fund a shift to electric vehicles as it looks for to proceed after the emissions
BMW plans to slash 1 billion euros ($1.14 billion) in indirect procurement expenses by 2019, BMW head of production Markus Duesmann informed the Handelsblatt daily. A BMW representative confirmed the
Volkswagen will probably select a new chief executive officer (CEO) from within the automaker’s own ranks, CEO Matthias Mueller told Handelsblatt. “I am presently in talks with the supervisory board
German high-end automaker BMW Group will raise its yearly production capacity to 3 million cars by 2020 and plans to construct its X5 offroader in China, German daily Handelsblatt stated,
The Porsche and Piech families are wanting to strike a quick deal to purchase shares in Porsche SE from Volkswagen’s former chairman Ferdinand Piech, a person knowledgeable with the matter
Luxury automaker BMW is thinking about moving organized production of an electric version of its Mini compact automobile to Germany from Britain in reaction to plans by London to leave
Volkswagen stated it has no strategies to keep a large number of temporary workers on its books following a media report noting management at the automaker’s Volkswagen brand would retain
Volkswagen’s efforts to draw the line under its dieselgate scandal were dealt a blow on Thursday after the German automaker fell out with the compliance chief it worked with to
Volkswagen stated on Tuesday it would drop diesel automobiles in the United States and once again concentrate on sport energy and electrical automobiles, as the car manufacturer wants to reboot
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