FRANKFURT Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday.
WOLFSBURG, Germany Volkswagen announced another 3 billion euros ($3.4 billion) of cost cuts on Thursday in an effort to speed up an improvement in profit margins at its core VW brand.
WOLFSBURG, Germany The global system of international trade is in crisis, the World Trade Organization (WTO) warned on Tuesday, as German car bosses gathered in Washington hoping to stave off potential tariffs on U.S. imports of luxury cars.
FRANKFURT The proposed alliance between Volkswagen and Ford shows that the days of carmakers going it alone are over, as tariffs, new technology and tougher emissions rules fragment markets that were once global.
WOLFSBURG, Germany Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday. | Video
Wolfsburg Ausgestattet mit einer selbst für VW-Verhältnisse ungewöhnlichen Machtfülle und einem üppigen Milliardenbudget für Investitionen will Volkswagen-Chef Herbert Diess den Konzern zu einem Anbieter von Elektroautos umbauen.
Frankfurt/Düsseldorf Der Aktienkurs von Thyssenkrupp kennt seit Monaten nur eine Richtung: nach unten.
FRANKFURT A fresh hit to Thyssenkrupp shares has driven down the group's enterprise value, raising the chances of a full takeover bid, two people familiar with the matter said, a move that could derail a plan to split the group in two.
FRANKFURT/DUESSELDORF Thyssenkrupp shares fell to a two-year low on Friday after the German conglomerate cut its profit forecast for the second time this year, raising doubts over a planned deal to split the steel-to-elevators group in two.