February 22, 2017 at 3:14 PM
PSA Group estimates that acquiring Adam Opel AG from General Motors Co. will hike the company’s global car sales to 5 million units and save the two operations as much as €2 billion ($2.1 billion) per year, sources tell Reuters.
February 22, 2017 at 2:59 PM
German lawmakers are calling for an investigation into the sudden departure of Volkswagen AG’s chief compliance officer last month, only a year after she was hired, Spiegel Online reports.
February 22, 2017 at 11:26 AM
Lexus and Porsche have tied as the U.S. market’s most reliable car brands in this year’s J.D. Power Vehicle Dependability Study. Lexus has topped the ratings for the past six years.
February 22, 2017 at 10:17 AM
A group of 11 non-OPEC oil producers appears to be about 50% short of its pledge to reduce petroleum production by 558,000 barrels per day.