Daimler has warned, any further escalation in the trade row “would be harmful for all stakeholders”. German luxury carmaker Daimler cut its 2018 profit forecast citing growing signs of import tariff wars between the United Statea and China as well… Read More ›
Matthias Mueller’s pay package comes in the wake of VW almost doubling its 2017 operating profit despite being weighed down by the U.S. emission scandal. On Tuesday, Volkswagen, EU’s biggest carmaker, reported that it has hiked up its CEO, Matthias… Read More ›
With GM’s major restructuring, consumers have preferred high-end German engineering to one whose after-care services residual value is uncertain. German engineering is making history in South Korea: for the first time, BMW and Mercedes vehicles have outsold those from General… Read More ›
Leclercq has worked earlier for a Chinese company, and he knows the kind of designs the Chinese prefer. In a move aimed at reversing its fortunes in China, Kia Motors Corp has hired former BMW designer Pierre Leclercq as head… Read More ›
With France and Britain deciding to eventually ban all petrol and diesel vehicles, pressure is building on Germany’s top exporters to tackle long standing issues related to the release of pollutants in the atmosphere. Car executives are set to meet… Read More ›
The uncertainty surrounding Britain, especially after the outcome of its June 8 snap elections, is taking a toll on the health of its economy. As per a board member for sales at BMW, the carmaker will take a decision as… Read More ›
The uncertainty surrounding Britain, especially after the outcome of its June 8 snap elections, is taking a toll on the health of its economy. As per a board member for sales at BMW, the carmaker will take a decision as… Read More ›
Tesla’s needs Grohmann Engineering’s expertise to ramp up its production to 500,000 cars by 2018. Tesla Inc has stated it is determined to resolve the outstanding disputes with the legacy customers of its Grohmann engineering unit. Issues had flared up after… Read More ›
If it is of any indication, shares of companies against whom the complaint has been filed by Intellectual Ventures II, have largely remained unmoved. Trade authorities in the United States have disclosed that they will soon begin an investigation into… Read More ›
It has appointed Qi Lu, a former executive at Microsoft Corp as its chief operating officer. China’s Baidu Inc has disclosed it will be launching its self-driving car technology designed for a restricted environment later this year in July. It… Read More ›
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