India to be export hub with Mercedes’s EU trade deal
The country head of Mercedes-Benz told the media on Friday that a complete trade agreement between India and the European Union might open the...
Nicolas Peter, chief financial officer (CFO), stated in a roundtable on Monday that BMW anticipates reaching the higher end of its 7-9% profit target...
Fisker plans to produce, sell electric SUV in India
According to the chief executive officer of the American startup Fisker Inc (FSR.N), the business could start producing its automobiles locally in a few...
Tesla recalls 1.1 million vehicles in US to update window reversing software
Because the window automated reversal system may not respond appropriately after sensing an obstruction, increasing the risk of damage, Tesla (TSLA.O) is recalling nearly...
Volkswagen plans 75 billion euro valuation in Porsche IPO
In what will be the second-largest initial public offering (IPO) in Germany's history, Volkswagen stated on Sunday that it aims to value Porsche at...
GM to boost EV production with $491 mln
At its Marion metal stamping facility in Indiana, General Motors Company announced on Thursday that it would invest $491 million to increase production of...
Mercedes-Benz to sack 3,600 employees in Brazil
In response to pressure on its output, Mercedes-Benz announced on Tuesday that it will lay off 3,600 workers in a restructure of its truck...
Aston Martin raising $660 million fund in rights issue
As significant investors, notably Saudi Arabia's national wealth fund, continue to believe in the struggling luxury British carmaker, Aston Martin, the company is raising...
Ford recalls 198k SUVs from US due to risk of fire
Following complaints of 25 fires, Ford Motor Co. (F.N) announced on Thursday that it is recalling 198,000 SUVs in the United States to replace...