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Emissions rules and electric shift to spur car engines M&A

10 July 2019, 5:39 AM

A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives and bankers say.

VW, FCA could face 2021 EU emissions fines: study

26 June 2019, 12:10 PM

Volkswagen and Fiat Chrysler could face penalties of up to 1.83 billion euros (1.64 billion pounds) and 746 million euros respectively, if they fail to meet the European Union’s emissions targets set for 2021, according to AlixPartners.

VW to conclude co-operation talks with Ford

13 June 2019, 2:23 PM

Car giant Volkswagen’s talks on co-operation with United States (US)-based Ford concerning electric vehicles and automated driving are “close to completion”, the German company’s chief executive Herbert Diess said Thursday.

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Volkswagen shrugs off 1 billion euro legal hit with higher SUV sales

2 May 2019, 3:20 PM

Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.5% higher.

A Volkswagen logo is seen on a new car model at the 89th Geneva International Motor Show in Geneva.

Volkswagen pushes battery partners to build Gigafactories

15 April 2019, 5:53 AM

Volkswagen will buy $56.57 billion worth of battery cells for electric cars and has identified South Korea’s SKI, LG Chem and Samsung SDI as strategic battery cell suppliers.

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