Edition:
United States

Edward Taylor

German carmakers have 50:50 chance of facing Detroit's fate, VW says

Oct 16 2018

FRANKFURT German carmakers only have a 50 percent chance of surviving as leading players in the auto industry unless they transform their businesses to meet new regulations and adapt supply chains, Volkswagen's chief executive said on Tuesday.

Bosch to compete against automakers with electric van-sharing

Oct 09 2018

FRANKFURT German auto parts supplier Bosch [ROBG.UL] is launching an electric van-sharing service in Germany, expanding its reach in rentals and pitting it against some of its customers who are also expanding into pay-per-minute mobility services.

Volkswagen set to hire four banks for truck unit IPO: sources

Oct 08 2018

LONDON/FRANKFURT Volkswagen is close to hiring Citigroup , Deutsche Bank , Goldman Sachs and JP Morgan to help with the potential stock market listing of its truck unit Traton, two people familiar with the matter told Reuters on Monday.

Carmakers step up warnings over disorderly Brexit

Oct 02 2018

PARIS Carmakers ratcheted up their Brexit warnings on Tuesday, with France's PSA Group and Germany's BMW both saying UK production would suffer if Britain leaves the European Union without a deal.

Carmakers step up warnings over disorderly Brexit

Oct 02 2018

PARIS Carmakers ratcheted up their Brexit warnings on Tuesday, with France's PSA Group and Germany's BMW both saying UK production would suffer if Britain leaves the European Union without a deal.

Carmakers step up warnings over disorderly Brexit

Oct 02 2018

PARIS, Oct 2 Carmakers ratcheted up their warnings on Tuesday over a disorderly Brexit, with France's PSA Group and Germany's BMW both saying UK production would suffer if Britain leaves the European Union without a deal.

Daimler names R&D head as next CEO, Zetsche to become chairman

Sep 26 2018

FRANKFURT Daimler named research chief Ola Kaellenius as its next CEO on Wednesday in a succession plan that promotes a raft of tech-savvy managers at its Mercedes-Benz car brand and also seeks to install long-serving CEO Dieter Zetsche as chairman.

CORRECTED-UPDATE 3-Daimler names R&D head as next CEO, Zetsche to become chairman

Sep 26 2018

* Markus Schaefer to become Head of Group Research and Mercedes-Benz Cars Development

BMW warns on profit, blames price and trade wars

Sep 25 2018

FRANKFURT German carmaker BMW warned its pretax profit would fall this year, against earlier expectations for a flat outcome, and cut its profit margin guidance for cars, blaming intense price competition following new emissions rules. | Video

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