Volkswagen opens new tab wants to avoid setting "utopian" goals for its market share in China, its CEO told German newspaper FAZ on Friday, adding that anything above 10% was "very respectable" given the intense competition.
BMW reported a smaller-than-expected 6 percent decline in second quarter operating profit on Thursday while brushing off concerns about new anti-pollution rules and trade tensions which caused rival Daimler to warn on profits.
Every now and then, car manufacturers join forces to cut production costs and speed up development by working together on a variety of projects that bring benefits for both parties involved. It’s been happening since the dawn of the automotive industry and the latest companies to ink a deal are none other than giants Volkswagen and Ford.
Donald Trumps’ pressures on industry of Iran is getting stronger and it affected the automotive industry. The European companies are doubtful about keeping their relation with Iran.
Volkswagen has revealed a pair of concepts at the annual Lake Worthersee meet, created by the company's apprentices at its Wolfsburg and Zwickau bases.
Evelozcity, an electric car startup based in Los Angeles and formed by ex-Faraday Future staff, announced last week the appointment of Karl-Thomas Neumann as the new head of mobility and European operations.