VW Begins Pilot Production of Battery Cells

September 25, 2019 at 1:24 PM

Volkswagen AG has begun small-scale production of lithium-ion battery cells on a pilot line at the company’s new Center of Excellence in Salzgitter, Germany.

Aston Martin Bond Issue Raises $150 Million

September 25, 2019 at 12:23 PM

Aston Martin Lagonda Global Holdings plc says it has sold $150 million in 12% senior secured notes.

Conti To Cut 20,000 Jobs, Close 2 U.S. Plants

September 25, 2019 at 10:12 AM

Continental AG is launching a 10-year restructuring plan that will eliminate as many as 20,000 employees and shutter two factories in the U.S. 

Commercial Truck Sales Jump 11% in Europe

September 25, 2019 at 2:44 AM

Deliveries of commercial vehicles across Europe climbed 11% to 189,400 units in August, according to trade group ACEA.

Renault: FCA Merger “Off the Table”

September 25, 2019 at 2:21 AM

Renault Chairman Jean-Dominique Senard reiterates that the French carmaker is no longer interested in pursuing a merger with Fiat Chrysler Automobiles NV.

London Extends Uber’s License for 2 Months

September 24, 2019 at 2:20 PM

Uber Technologies Inc. is being allowed to continue its ride-hailing service in London for another two months.

Jaguar Eyes High-Performance I-Pace EV

September 24, 2019 at 12:19 PM

Jaguar Land Rover Ltd. plans to eventually offer a performance variant of its I-Pace electric crossover vehicle.

Fire Risk Prompts Ford Recall in Europe

September 24, 2019 at 11:12 AM

Ford Motor Co. is calling back 322,000 cars in Europe with leaky starter batteries that could trigger an electrical fire.

Daimler Fined €870 Million for Diesel Emissions

September 24, 2019 at 11:07 AM

Prosecutors in Germany have fined Daimler AG €870 million ($958 million) for rigging 684,000 Mercedes-Benz vehicles to evade European emission limits.

VW’s CEO, Chairman Charged with Stock Market Manipulation

September 24, 2019 at 10:41 AM

Volkswagen Group’s top leaders have been charged with stock manipulation for failing to alert investors about the company’s diesel emission cheating.

Carmakers Warn of “Catastrophic” No-Deal Brexit

September 24, 2019 at 12:03 AM

Trade groups say a no-deal exit from the European Union by the U.K. will trigger a “seismic shift” in trade conditions that threatens the future of the British auto industry.

Frankfurt Auto Show Attendance Plunges 31%

September 23, 2019 at 2:30 PM

Attendance at the just-ended Frankfurt auto show—considered one of the world’s premier events of its kind—plummeted 31% to 560,000 people, according to trade group VDA.