Tag: automobile industry
The speculation about buying a stake in Tesla is without merit, a Volkswagen spokesman says.
Customers in Germany and abroad have turned away from the fuel since Volkswagen's 2015 admission to cheating regulatory emissions tests on 11 million vehicles worldwide.
Fiat walked away from talks on a proposed merger after growing frustrated with tensions between Renault's executives and the French state.
Ford announced in June it would slash 12,000 jobs across Europe.
SAIC, Volkswagen and General Motors project 2019 sales will fall by about 7%.
Fiat Chrysler Automobiles NV is considering a tie-up with Renault SA, which could eventually lead them to becoming part of the Renault-Nissan Motor Co. alliance, according to people familiar with the matter.
Volkswagen plans to produce 50 electric car models by 2025 in a step meant to win over consumers.
Tesla shares tumbled after the company announced in a blog post plans to move from physical to online stores.
Chinese consumers are shunning expensive purchases like cars as the economy slows down and the US-China trade war continues.
As demand in China for electric cars rockets, passenger cars see a downturn in sales.
Economy Minister Altmaier says that the tightening of US trade policies has resulted in increased tensions and slowed global growth.
The entrepreneur development minister insists project will use national expertise to create ecosystem leading to possible aerospace ventures
Lotus Cars could complete Li Shufu’s ambition to create a portfolio of international brands at different price points as it would be a prestigious addition, like Volkswagen has Porsche and Toyota has its Lexus.