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Volkswagen Group: Electric cars, yes, but they need flexibility
The strategy also includes combustion engines and plug-in hybrids. Operating profit of €22.6 billion in 2023
By
Brian Potter
1m ago
Fisker is reportedly in talks with Nissan to avoid bankruptcy
Reuters says that Fisker currently does not have enough cash to stay in business for another 12 months.
By
Angel Sergeev
5 March 2024
Las Vegas GP helps to boost F1’s 2023 profits to $392 million
Formula 1’s revenue and profits continued to climb
By
Adam Cooper
3 March 2024
The Volkswagen Polo 2024 attacks the Peugeot 208... and ups the power!
The Volkswagen Polo 2024 gets an update in its mechanical range. One of the most popular versions increases its power and improves its performance.
By
Brian Potter
21 February 2024
Official
Ex Jaguar Land Rover design chief takes helm at Audi, touts timeless designs
Future Audi models will be "free from superfluous ornaments."
By
Brian Potter
16 February 2024
UK: Carwow buys AutoExpress, Evo
No financial details about the deal have been disclosed.
By
Angel Sergeev
16 February 2024
Stellantis reports 2023 growth in profits and sales
Stellantis' profits will reach €18.6 billion in 2023. Worldwide sales are also good, at 6.16 million units.
By
Brian Potter
15 February 2024
Stellantis does not seek mergers with other manufacturers
Chairman Elkann says the company is focused on the Dare Forward 2030 plan and the Automotive Table
By
Brian Potter
12 February 2024
Stellantis denies merger rumours with Renault
The purpose would be to fight against the Chinese electric companies
By
Brian Potter
10 February 2024
New Mitsubishi Xforce 2024: The true successor to the previous ASX?
The Mitsubishi Xforce could be the natural successor to the old ASX - do you prefer it to the facelifted Renault Captur with a Mitsubishi logo?
By
Brian Potter
10 February 2024
Toyota chairman brought his Suzuki Jimny to a car show
He couldn't find a new one, so he called Suzuki's president to find him a used car.
By
Brian Potter
30 January 2024
Elon Musk implies he'll leave Tesla without more control, bigger stake
“I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control," Musk said in an X post.
By
Brian Potter
17 January 2024
Ford still can't find a buyer for the factory where it makes the Focus
Plus, the new Dacia Duster off-roader remains refreshingly cheap.
By
Brian Potter
5 January 2024
Nearly half of America's Buick dealers take buyout instead selling EVs - report
Mind you, Buick doesn’t sell a single electric vehicle in the United States. At least for now.
By
Brian Potter
21 December 2023
Bahrain will reportedly take full control of McLaren
A rumoured deal between the country’s sovereign wealth fund and shareholders will give the company a single owner.
By
Brian Potter
21 December 2023
Volkswagen wants Renault to help develop cheap EV
A spokesperson for Renault confirms the two are discussing a potential tie-up.
By
Brian Potter
11 December 2023
Mercedes fully owned Audi in 1959 when it nearly bought BMW
Just imagine the three-pointed star, four rings, and roundel under the same roof.
By
Brian Potter
11 December 2023
Volkswagen will cut staffing costs by a fifth as part of its £8.5b savings plan
VW CEO Thomas Schaefer said last week that the carmaker is “no longer competitive.”
By
Brian Potter
11 December 2023
Stellantis 'in the black' on EVs in Europe and the US, CEO says
By "EVs," Carlos Tavares meant "electrified vehicles" (BEV+PHEV+HEV), as Stellantis currently has zero BEVs on sale in USA.
By
Brian Potter
8 December 2023
Financial analyst says Tesla should cancel the Cybertruck
2024 is “already a lost year for growth,” Jefferies analyst Phillipe Houchois wrote.
By
Brian Potter
22 November 2023
Aston Martin F1 team sells stake to private equity firm at £1bn valuation
The Aston Martin Formula 1 team has sold a stake in its business to private equity firm Arctos Partners.
By
Matt Kew
17 November 2023
Ferrari entices employees to buy a slice of the company
It's also hiring 250 new people in the coming months.
By
Brian Potter
16 November 2023
GM and Honda ditch plans to make cheap electric cars together
The decision comes just one year after the two companies announced they would co-develop a platform for affordable crossovers.
By
Brian Potter
26 October 2023
Mini switching to agency sales model in Europe next year
BMW will follow in 2026.
By
Brian Potter
19 October 2023
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