In a statement Stellantis said, a French court has charged its unit, Peugeot, with consumer fraud and ordered the company to provide $36 million (30 million euros) in in guarantees for potential payouts. The charge, part of a diesel emissions… Read More ›
According to two sources, China’s Dongfeng Motor will have a reduced stake of 4.5% in the new group following the merger of PSA with Fiat Chrysler. The board of both groups have approved a binding memorandum of understanding for a… Read More ›
Fiat Chrysler Automobiles (FCA) has decided it will appeal Italy’s tax authority statement which says that the carmaker had underestimated the value of its U.S. business after it bought Chrysler. As per a source close to the matter at hand,… Read More ›
The boards of both companies hve agreed to the merger and a binding MOU is set to be signed in the coming weeks. On Thursday, in a joint statement, Peugeot’s owner PSA and Fiat Chrysler stated, they would merge by… Read More ›
Boris Johnson and rival Jeremy Hunt, have both said they are prepared to take Britain out of the EU without a deal on Oct. 31, 2019, although this is not their preferred option. In a statement, Britain’s car industry warned… Read More ›
Thanks to more business days, car sales are shooting up. According to industry data published on Thursday, in April car sales in the European Union have shot up by 9.6%, led by Toyota, Hyundai and Ford Motors. As per Brussels-based… Read More ›
VW could place Neumann at the helm of Audi. As per a source familiar with the matter at hand, following a media report that Opel’s CEO will quit his job, Volkswagen may possibly hire him to lead its Audi brand…. Read More ›
This has the potential to be a game changer for the upcoming self-driving market. In what could potentially be a significant moment for the future of smart cars for the near future, Faurecia, a France-based car parts supplier, has signed… Read More ›
The partnership aims at building “level 5” autonomous vehicles which will be tested in Singapore. French car manufacturer Peugeot has entered into a partnership with Massachusetts-based nuTonomy, to test self-driving cars in Singapore. The company has disclosed that NuTonomy’s sensors,… Read More ›
General Motor’s decision to sell its Opel brand signifies its CEO’s vision to focus on the company’s Return on Investment rather than sales volume as a measure of GM’s success. For General Motors, putting its European operations up for sale… Read More ›
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