Volkswagen said it would further cut car production at its Wolfsburg plant in northern Germany due to a shortage of semiconductors that has hit the industry worldwide.
Ex Audi CEO Rupert Stadler to face fraud charges as part of Volkswagen Group’s emissions-cheating scandal that was uncovered by U.S. regulators five years ago.
Fiat Chrysler Automobiles and PSA Group said that investors had approved their $52 billion merger, and that shares in the new company, named Stellantis, would start trading in two weeks.
Following the news that the shareholders of Peugeot- Citroën (PSA) and Fiat-Chrysler (FCA) have approved the proposed merger to create Stellantis, Mike Vousden, Automotive Analyst at GlobalData, offers his view.
Nissan plans to further reduce its presence in Europe, including outsourcing sales of its cars to alliance partner Renault, according to a Japanese newspaper.
Volvo Buses continues to strengthen its position on the European market for electromobility system solutions and electrically powered buses. Over the past year´s the company has received a large number of new orders from various cities throughout Europe.
Britain’s car manufacturing industry had its weakest September in 25 years due to a slump in the number of vehicles exported to the United States, industry figures showed on Thursday.
Volkswagen Group returned to profitability in the third quarter, helped by a surge in demand in China, despite an overall drop in global vehicle deliveries during the COVID-19 pandemic.
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