Europe
Daimler Trucks Buys Majority Stake in Torc Robotics
March 29, 2019 at 3:18 PM
Daimler AG’s commercial truck unit has purchased a controlling stake in Torc Robotics Inc., a Virginia-based developer of autonomy driving technology.
Ford Drops C-Max, Night Shift at Saarlouis Plant
March 29, 2019 at 2:42 PM
Ford Motor Co. will end production of its C-Max MPV and drop one of three shifts at its assembly plant in Saarlouis, Germany, at the end of June.
March 29, 2019 at 2:13 PM
The French government’s Bpifrance investment arm has increased its stake in auto supplier Valeo SA to 5%, in part over concern that activist investors may target the country’s companies.
Siemens Joins VW/Amazon Industrial Cloud
March 29, 2019 at 10:51 AM
Siemens AG will be the integration partner for the Volkswagen Industrial Cloud platform the carmaker is developing with Amazon Web Services.
Fiat 500 Will Go All-Electric in 2020
March 29, 2019 at 1:02 AM
Fiat Chrysler Automobiles NV says it will transform the Fiat 500 city car into an electric-only luxury model in 2020.
Stuttgart Will Ban Most Diesels on April 1
March 28, 2019 at 3:59 PM
Stuttgart, Germany, will begin banning older-generation diesel vehicles—including those owned by its own residents—on April 1.
Porsche Powers Up Its Taycan EV
March 28, 2019 at 1:51 PM
Porsche AG’s upcoming Taycan electric sedan will be available with at least three power variants, Autocar reports.
Opel to Cut 350-400 Jobs in Austria
March 28, 2019 at 11:48 AM
PSA Group’s Opel unit will eliminate as many as 400 jobs—one-third of the workforce—at its powertrain plant outside Vienna, Austria.
VW, Ford to Develop Next-Gen Amarok Pickup
March 28, 2019 at 11:24 AM
Volkswagen AG reports it has signed a deal with Ford Motor Co. to develop the successor to the German carmaker’s Amarok midsize pickup truck.
ZF Will Buy Wabco in $7 Billion Deal
March 28, 2019 at 10:44 AM
ZF Friedrichshafen AG has agreed to acquire Brussels-based Wabco Holdings Inc. in a deal worth $7 billion.
Daimler, Geely Confirm Venture to Relaunch Smart Brand
March 28, 2019 at 10:17 AM
Daimler and Zhejiang Geely Holding Group confirm they have formed a 50:50 joint venture to develop and operate Daimler’s Smart brand globally as an all-electric carmaker.
Report: BMW, Daimler to Collaborate on Small EVs
March 28, 2019 at 9:34 AM
BMW AG and Daimler AG plan to co-develop a platform for small electric vehicles that could yield models for both carmakers by about 2024, reports Manager Magazin.