VW Touts Record Unit Sales, Revenue Gain

February 23, 2018 at 2:23 PM

Volkswagen Group reports its revenue in 2017 climbed 6% to €230.7 billion ($283.7 billion) as unit retail sales rose 4% to a record 10.74 million vehicles.

Reports: Geely Buys 10% Stake in Daimler

February 23, 2018 at 1:32 PM

China’s Zhejiang Geely Holding Group has acquired a 9.7% stake in Daimler AG to make it the German carmaker’s largest single shareholder, according to media reports.

German Court Delays Ruling on Diesel Bans

February 23, 2018 at 1:20 AM

Germany’s highest administrative court in Leipzig says it won’t rule until Feb. 27 on an appeal to overturn temporary city bans on older diesels.

Germany Expands Audi Diesel Probe to Former Board Members

February 22, 2018 at 3:13 PM

Prosecutors in Germany have widened their investigation into Audi AG’s role in parent Volkswagen AG’s diesel emission cheating scandal to include two if its former management board members.

SEAT Unveils First Model for Cupra Performance Brand

February 22, 2018 at 1:39 PM

Volkswagen AG’s SEAT unit has taken the wraps off the first of seven model it’s planning to launch under the Cupra performance sub-brand by 2020.

Rolls-Royce SUV to Offer Premium Tailgate Seats

February 22, 2018 at 12:34 PM

BMW AG’s Rolls-Royce Motor Car unit’s upcoming Cullinan crossover/SUV will be equipped with high-end “viewing seats” that fold down and extend out from the rear cargo area.

Truck Sales in Europe Rebound in January

February 22, 2018 at 2:28 AM

Deliveries of commercial trucks across Europe climbed 8% to 194,100 units last month, reversing a 4% decline in December, says trade group ACEA.

BMW Ends Series 3 Production in South Africa

February 22, 2018 at 2:10 AM

BMW AG has discontinued production of its 3 Series sedan at its factory in Pretoria, South Africa.

EC Fines Three Suppliers €151 Million for Price Fixing

February 22, 2018 at 1:00 AM

The European Commission has fined Bosch, Continental and NGK a combined €151 million ($185 million) for conspiring to control competition for sparkplugs and electronic braking systems in Europe.

Stefan Quandt Becomes BMW’s Controllling Shareholder

February 22, 2018 at 12:00 AM

Stefan Quandt has amassed a 25.8% stake in BMW, giving him the ability to singlehandedly block any unwanted takeover of the company.

Volvo Speeds Up Intros for Hybrid Models

February 21, 2018 at 6:14 PM

Volvo Car Corp., which last year said it would electrifying all new models beginning in 2019, will beat that goal by adding two plug-in hybrids this spring.

Ferrari Gets on Track with 488 Pista Performance Model

February 21, 2018 at 2:56 PM

Ferrari SpA says the 488 Pista high-performance version of its 488 GTB supercar is faster, lighter and more powerful than the base model.