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Friday, October 18, 2019

Tag: automobile industry

Volkswagen not interested in buying Tesla stake

The speculation about buying a stake in Tesla is without merit, a Volkswagen spokesman says.

Car market slowdown ‘threatens jobs at Bosch’

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 Chrysler open to fresh merger talks with Renault

Fiat walked away from talks on a proposed merger after growing frustrated with tensions between Renault's executives and the French state.

Ford shuts down French transmission plant

Ford announced in June it would slash 12,000 jobs across Europe.

GM’s biggest Chinese ally braces for first annual sales dip

SAIC, Volkswagen and General Motors project 2019 sales will fall by about 7%.

Fiat Chrysler said to be in talks to forge ties with...

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.

VW straddles old and new with electric buggy, Passat face-off

Volkswagen plans to produce 50 electric car models by 2025 in a step meant to win over consumers.

Musk touts March 14 Model Y event as demand questions linger

Tesla shares tumbled after the company announced in a blog post plans to move from physical to online stores.

China car slump has dealers slashing prices, giving cheap loans

Chinese consumers are shunning expensive purchases like cars as the economy slows down and the US-China trade war continues.

Electric cars shine as China auto market’s lone bright spot

As demand in China for electric cars rockets, passenger cars see a downturn in sales.

Germany sees ‘most difficult part’ in EU-US trade talks ahead

Economy Minister Altmaier says that the tightening of US trade policies has resulted in increased tensions and slowed global growth.

New car project different from Proton: no bailouts, says minister

The entrepreneur development minister insists project will use national expertise to create ecosystem leading to possible aerospace ventures

Chinese billionaire adds Proton, Lotus to expanding auto empire

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.