BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least 7 billion euros ($7.91 billion), Sueddeutsche Zeitung and Auto Bild said on Thursday.
Reuters. Thu, 14 Mar 2019 13:49:59 -0400.
Volkswagen's effort to get its fleet of cars certified according to the new WLTP emissions standard have cost the carmaker up to 3.6 billion euros ($4.04 billion) in 2018, a source familiar with the matter told Reuters.
Reuters. Fri, 08 Mar 2019 10:29:25 -0500.
BRUSSELS (AP) - The European Union's anti-trust regulator says it's fining auto safety equipment suppliers Autoliv and TRW more than 368 million euros ($417 million) for stifling competition by running cartels. ...
Washington Times. Tue, 05 Mar 2019 06:18:49 -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.