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    VW pays nearly $10M to end proceedings against chairman

    21.May 2020
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    Volkswagen Group has agreed to pay 9 million euros ($9.9 million) in a deal with a German court to end legal proceedings against its chairman and CEO, who were accused of holding back market-moving information on rigged emissions tests.

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    Auto industry faces sharper downturn

    18.May 2020
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    Even as automotive manufacturers tentatively restart production lines after the COVID-19 crisis disruptions, the global automotive industry faces a hit to the market that will be greater than in the 2007/8 financial crisis, says GlobalData, a data and analytics company.

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    Toyota, PSA extend shutdown at Czech plant

    13.May 2020
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    TPCA, a joint venture of Toyota and PSA Group, has extended the shutdown of its plant in Kolin, Czech Republic, until at least May 25.

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    Benzina wants to double the number of stations in Slovakia

    11.May 2020
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    Benzina plans to continue the investment in expanding and developing its Slovak network also this year. The leader of the Czech market ended last year with ten filling stations in Slovakia, and it plans to double their number this year.

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    Porsche extends warranty due to the corona crisis

    4.May 2020
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    Porsche is extending the new car warranty by a further three months for all cars with a new car warranty expiring between 1 March 2020 and 31 May 2020. This measure is free of charge for customers and is valid worldwide.

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    Ford to restart European manufacturing production

    28.April 2020
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    Ford confirmed today that it intends to restart initial production at most of its main continental European vehicle and engine plants from May 4.

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    PSA says demand to fall sharply

    22.April 2020
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    PSA Group warned of sharp fall in demand for autos this year due to the coronavirus crisis after posting a 15.6 percent drop in first-quarter revenue.

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    Global auto output could fall by 20% in 2020

    21.April 2020
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    Global light vehicle production is now expected to fall more than 20 percent to around 71 million units in 2020 as a result of the COVID-19 pandemic and ensuing recession, a top automotive forecaster said Monday.

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