Europe

VW Targets €1.9 Billion in Traton Truck IPO

June 14, 2019 at 3:02 AM

Volkswagen AG says it hopes to raise nearly €1.9 billion ($2.1 billion) by selling 10% of its Traton AG commercial truck unit in an initial public offering that begins on Monday.

Report: Lexus LC Convertible to be Unveiled in July

June 13, 2019 at 8:46 AM

Toyota's Lexus luxury unit reportedly will unveil a convertible version of its LC coupe at next month's Goodwood Festival of Speed in the U.K.

Next-Gen Renault Zoe Built for Sharing

June 13, 2019 at 7:31 AM

Renault SA plans to offer built-in car-sharing software in its next-generation Zoe supermini electric car, which is due to bow early next decade.

Reports: Renault, France to File Charges Against Ghosn

June 13, 2019 at 5:17 AM

Renault SA and the French government are preparing a lawsuit against former Chairman Carlos Ghosn over €11 million ($12 million) in questionable expenses charged to the company, according to media reports.

BMW Group Sales Rise 3%

June 13, 2019 at 4:30 AM

Sales of BMW, Mini and Rolls-Royce vehicles climbed 3% in May to 210,600 units.

VW Brand Sales Fell 5% in May

June 13, 2019 at 4:06 AM

Volkswagen AG says its VW brand delivered 512,100 vehicles last month, down 5% from the same month in 2018.

Renault Chairman Vows to Fix “Damaged” Nissan Alliance

June 13, 2019 at 2:54 AM

Renault SA Chairman Jean-Dominique Senard tells shareholders that his top priority is to restore relations between the French carmaker and alliance partner Nissan Motor Co.

Uber, Volvo Unveil “Production-Ready” Autonomous Car

June 12, 2019 at 11:21 AM

Volvo Car Corp. and ride-hailing giant Uber Technologies Inc. took the wraps off the latest version of their jointly developed prototype self-driving vehicle.

VW Invests $1 Billion in Northvolt

June 12, 2019 at 10:44 AM

Volkswagen AG is investing €900 million ($1 billion) in Northvolt AB, a Stockholm-based startup that will produce batteries for electrified vehicles.

Power Squeeze Threatens Sweden’s EV Market Growth

June 12, 2019 at 3:08 AM

Sweden’s push to put millions of electric cars on the road is overwhelming the ability of the country’s electric grid to charge them, says Bloomberg News.

Hydrogen Explosion Shuts Fuel Station in Norway

June 11, 2019 at 5:21 PM

Nel Hydrogen has closed a fueling station for fuel cell-powered vehicles in Oslo, Norway, following a hydrogen explosion there on Monday.

France Affirms Ban on Fossil Fuel Cars by 2040

June 11, 2019 at 4:23 PM

France is finalizing a new law on mobility that will formally ban the sale of fossil fuel-powered cars by 2040.