Europe

Mahindra Buys Out Peugeot Motorcycles

October 30, 2019 at 1:52 PM

A European subsidiary of India's Mahindra & Mahindra Ltd. has agreed to buy the remaining 49% of Peugeot Motorcycles it didn’t already own.  

ABB Acquires Chinese EV Charging Specialist

October 30, 2019 at 10:38 AM

Swiss engineering and robotics giant ABB Group has agreed to purchase 67% of Chargedot New Energy Technology Co., which supplies charging systems for electric vehicles.

VW Posts 3Q Growth but Cuts Sales Outlook

October 30, 2019 at 3:30 AM

Volkswagen AG’s unit sales, revenue and operating profit all rose in the third quarter. But the company trimmed its sales outlook because the global market is cooling faster than expected.

FCA, PSA Revive Merger Talks

October 30, 2019 at 12:08 AM

Fiat Chrysler Automobiles NV and PSA Group are again in exploratory talks about merging, The Wall Street Journal says.

Gembella Plans 800-hp Hypercar

October 29, 2019 at 11:40 AM

German tuner Gembella GmbH, which specializes in ultra-high-performance McLaren and Porsche variants, hopes to find investors to help it develop its own hypercar.

VW Forms Autonomous-Driving Unit

By: Steve Plumb - October 29, 2019 at 9:46 AM

Volkswagen AG is creating a new subsidiary, Volkswagen Autonomy GmbH (VWAT), to head development and deployment of Level 4/5 fully autonomous vehicle systems.

Report: VW to Decide This Week on Turkish Plant

October 29, 2019 at 12:28 AM

Volkswagen AG’s supervisory board reportedly will decide this week whether to shift plans for an assembly plant from Turkey to Slovakia.

Lamborghini Teases 830-hp Hypercar

October 28, 2019 at 1:16 PM

Lamborghini SpA’s Squandra Corse motorsports unit is developing a track-only variant of the Aventador supercar that could generate as much as 830 hp.

VW Confirms €200 Billion Market Cap Goal

October 28, 2019 at 12:33 PM

Volkswagen AG verifies that it intends to hike its current market value to €200 billion ($222 billion) from the current €95 billion.

Ford Adds Geofence Hybrid Testing to Germany

October 28, 2019 at 9:43 AM

Ford Motor Co. soon will begin testing a geofencing system in Cologne, Germany, that automatically switches plug-in hybrid vehicles to all-electric mode when operating in zero-emission areas.

Report: Gabriel Will Head Germany’s VDA

October 28, 2019 at 1:03 AM

Germany’s VDA (Assn. of the Automotive Industry) reportedly will name former foreign minister Sigmar Gabriel as its new president.

JLR Revives with 3Q Pretax Profit

October 25, 2019 at 4:18 PM

Jaguar Land Rover Ltd. returned to pretax profit in the third quarter as a richer product mix generated more revenue on fewer unit sales.