Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday.
Reuters. Tue, 11 Dec 2018 05:17:51 -0500.
Volkswagen's premium auto brand Audi said on Tuesday it would invest 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalization and autonomous driving.
Reuters. Tue, 04 Dec 2018 05:11:19 -0500.
BMW expects headwinds from U.S. President Donald Trump's trade war with China as well as higher commodity prices and foreign exchange swings to weigh on earnings next year by at least 1 billion euros ($1.1 billion).
AutoNews.com. Mon, 3 Dec 2018 10:58:32 EST. Subscription may be required.
Fiat Chrysler will earn 6 billion euros ($6.8 billion) next year from selling supplier Magneti Marelli and plans to use part of that paying shareholders their first dividend.
AutoNews.com. Tue, 27 Nov 2018 00:01:00 EST. Subscription may be required.
Automaker Volkswagen says it will invest 44 billion euros ($50 billion) in developing autonomous and electric cars and expand the appeal of battery-powered cars by selling its upcoming ID compact for about what a diesel-powered Golf costs.
ABC News. Fri, 16 Nov 2018 14:33:53 -0500.
German auto giant Volkswagen said Friday it will invest 44 billion euros by 2023 in the smarter, greener cars of the future as it ramps up efforts to shake off the "dieselgate" emissions cheating scandal. ...
Yahoo. Fri, 16 Nov 2018 11:26:39 -0500.
Porsche, the luxury sports car and SUV maker owned by Volkswagen, said it is doubling investment in electromobility to more than 6 billion euros ($7.5 billion) by 2022, focusing on both plug-in hybrids and purely electric vehicles.
By Neil Winton, Contributor. Forbes. Mon, 5 Feb 2018 15:26:00 -0500.
PSA Group wants roughly half of the 1.3 billion euros it paid to GM for its European Opel brand back, according to a report from Reuters. ...
Alex Nishimoto. Motor Trend. Wed, 29 Nov 2017 22:00:51 +0000.