Volkswagen AG (VOWG.DE)
19 Jul 2019
FRANKFURT United States-based diesel engines maker Cummins has made an indicative offer for Volkswagen's MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets.
FRANKFURT, July United States-based diesel engines maker Cummins has made an indicative offer for Volkswagen's MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets.
STOCKHOLM, July 18 Volvo on Thursday announced plans to cut fixed costs by 2 billion Swedish crowns ($214 million), becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability.
STOCKHOLM, July 18 Sweden's Volvo announced new measures to cut fixed costs by 2 billion Swedish crowns ($214 million) on Thursday, as it became the latest carmaker to warn that pricing pressure and tariffs arising from the Sino-U.S. trade war were denting profitability.
, NEW YORK Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner. | Video
* Graphic: https://tmsnrt.rs/2Hcr3H4 (Adds Breakingviews link, updates share move)
NEW YORK/LONDON (Reuters Breakingviews) - Ford Motor boss Jim Hackett says the self-driving joint venture he struck with Volkswagen’s Herbert Diess on Friday “instantaneously makes it the biggest platform” in the industry. Autonomous vehicles can potentially reduce congestion and traffic-related fatalities, improve carmaker margins and more. The trouble is that working out how to value these outfits is a quest in itself.
DETROIT Volkswagen AG's $2.6-billion investment in Ford Motor Co's Argo AI self-driving unit, announced on Friday, immediately vaults the two-year-old Pittsburgh-based startup into the top ranks in the sector.
DETROIT, July 12 Ford CEO Hackett says Ford, Volkswagen will share data generated by self-driving software company Argo AI Volkswagen CEO Diess says revenues from electric cars produced in cooperation with Ford to reach up to $10 bln within next 6 years Argo AI CEO Salesky says hopes to begin testing autonomous vehicles in europe next year Ford CEO says company's planned $11 bln spending on electric vehicles will not change given the ev part of the deal with vw Ford CEO says companie
FRANKFURT Luxury carmaker Daimler cut its profit forecast for the fourth time in 13 months on Friday, as it set aside more money to cover a regulatory crackdown on diesel emissions and vehicle recalls related to Takata airbags. | Video