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.

France Hikes Stake in Valeo

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.