US auto giant General Motors has agreed to sell its European operations to French automaker PSA Group for €2.2bn. PSA will buy Opel/Vauxhall automotive operations for €1.3bn, while GM Financial’s European operations will ...
Tags: General Motors, PSA Group, automotive
FAW Group, a leading Chinese automaker, said that sales surged at the start of the year on the back of expanding sales outlets. FAW Group, based in the northeastern city of Changchun, reported over the weekend that wholesale volume of ...
French automaker PSA Group is in talks to acquire the European operations of General Motors' (GM) business, including the Vauxhall and Opel brands. PSA and GM have earlier had a close alliance, working together on three projects since ...
Volkswagen has launched a new subsidiary designed to oversee $2bn in investments to promote zero-emission vehicles in the US. The new company, Electrify America, will be based in Reston, Virginia. It will invest in the construction and ...
Tags: Volkswagen, Zero-Emission Vehicles
Lear, which supplies automotive seating and electrical systems, has agreed to acquire Grupo Antolin's automotive seating business. Grupo Antolin's seating business is headquartered in France with sales and operations concentrated in 5 ...
Tags: Lear, Antolin's Automotive, Seating Business
German automobile manufacturer Audi is set to further expand its business activities in the Chinese market. Together with its local partner FAW Group, the company has defined 21 key strategy fields with respective goals in a 10-year plan. ...
Tags: Audi, Chinese Market
The European Commission has presented guidance for member states to crack down on automakers violating diesel emissions regulations. The guidance will help member states assess if car manufacturers use defeat devices or other strategies ...
Tags: Automakers, diesel emissions
Volkswagen is nearing a $4.3bn settlement with the US regulators that would include pleading guilty to several criminal charges in the diesel emissions scandal. The company is in advanced discussions with the USDepartment of Justice and ...
Tags: Volkswagen, Diesel Emissions
Volkswagen has agreed to recall an additional 83,000 vehicles and pay $250m to partially settle claims related to its emissions cheating scandal. The company signed an agreement with the US Department of Justice (DOJ) on behalf of the ...
Tags: Volkswagen, Vehicles
The European Commission is taking legal action against seven member states, including the UK, for failing to properly regulate car emissions, after the Volkswagen emissions scandal. The Commission opened infringement procedures against ...
Tags: Car Emissions, EU vehicle
Volkswagen has launched its own mobility services company, Moia, which will focus primarily on autonomous vehicles. The move will allow the German firm to compete with Uber and Lyft. Moia will connect the car with the new mobility ...
Tags: Volkswagen, Mobility Services
Dilawri Group of Companies has acquired Automobiles Niquet Audi and Volkswagen (Automobiles Niquet), for a combined total of eight dealerships in the Province of Quebec. The acquisition of these two premier dealerships, representing the ...
Tags: Dilawri Group, Automobiles
Govt incentives remain the primary driver of the industry, rather than organic demand or products' competitiveness Electric cars are widely believed to be the future of the automotive industry, but experts say even in the world's largest ...
Tags: Electric Car, SAIC Motor
"Like the same when we predicted on the basis of one-sided viewpoint, the direction of the Internet to see their own good hand." December 10, 2016 - 11 day, sponsored by the "Chinese entrepreneurs" magazine, the FAW - Volkswagen Audi as ...
Tags: a keynote speech, the Internet, a big data
Automakers BMW, Daimler, Ford Motor and Volkswagen along with Audi and Porsche have signed a memorandum of understanding (MOU) to create the highest-powered charging network in Europe. The goal is the quick buildup of a sizable number of ...
Tags: Automakers BMW, Charging Network