Edition:
United Kingdom

Edward Taylor

VW to take on Tesla X in China from 2021 with electric SUV

17 Apr 2019

SHANGHAI Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla's Model X as the German carmaker ramps up production of zero emissions vehicles. | Video

In quest for electric supercars, engineers head to start-ups

15 Apr 2019

FRANKFURT Rene-Christopher Wollmann, head of Mercedes-AMG's 2.75 million euros (£2.38 million) Project One supercar programme, has moved to a job at Automobili Pininfarina in a sign that innovation in high end electric sportscars is shifting towards small start-ups.

Parts maker ZF Friedrichshafen positions for driverless cars with $7 billion deal for Wabco

28 Mar 2019

FRANKFURT German auto parts maker ZF Friedrichshafen has agreed to buy U.S. rival Wabco for over $7 billion, an acquisition it has long targeted to bolster its expertise in autonomous-driving technologies.

Daimler to develop Smart brand together with Geely

28 Mar 2019

FRANKFURT/BEIJING Daimler will build its next generation of Smart electric cars in China through a joint venture with Geely, as a way to increase economies of scale in a market segment that is struggling to turn a profit.

Daimler to develop Smart brand together with Geely

28 Mar 2019

FRANKFURT/BEIJING Daimler will build its next generation of Smart electric cars in China through a joint venture with Geely, as a way to increase economies of scale in a market segment that is struggling to turn a profit.

BMW plans to cut costs after warning on profits

20 Mar 2019

MUNICH BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro (10.3 billion pounds) savings and efficiency plan to help offset higher technology investment and currency costs. | Video

Sparprogramm soll BMW aus der Krise helfen

20 Mar 2019

München/Hamburg BMW verliert mitten im größten Umbruch in der Geschichte der Automobilindustrie an Boden.

U.S. SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors

15 Mar 2019

WASHINGTON/FRANKFURT The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal, alleging a "massive fraud" on U.S. investors. | Video

Volkswagen brand to cut up to 7,000 jobs in new savings drive

13 Mar 2019

WOLFSBURG, Germany Volkswagen will cut up to 7,000 positions, aim to boost productivity and deliver 5.9 billion euros (5.1 billion pounds) of annual savings at its core VW brand by 2023, in its latest attempt to raise profitability at its top-selling division. | Video

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