Automakers in Europe are speeding up the introduction of alternative fuel powertrains as they push to cut CO2 emissions by nearly one-third by 2021.
Mercedes’ July sales up 11% on Strong Chinese and U.S. demand
Daimler’s Mercedes-Benz brand had its highest monthly sales to date in July, up 11 percent to 130,003 cars.
Norway’s wealth fund voted against Fiat-Chrysler merger
Norway’s sovereign wealth fund was the single largest shareholder to vote against Fiat’s merger with its U.S. unit Chrysler, according to minutes of the Aug. 1 shareholder meeting.
Audi’s war chest could buy Fiat Chrysler
If there is one thing that Audi’s first-half results prove, it’s that Volkswagen Group’s premium brand earns so much cash it could easily swallow Fiat-Chrysler whole.
Unions force VW to axe consultants in clash over cost cuts
By Edward Taylor and Andreas Cremer
Volkswagen’s €5 billion ($6.68 billion) cost-savings plan hit a major setback after labor leaders forced management to axe McKinsey, the consultants working out the cuts, three sources with knowledge of the matter told Reuters on Thursday.
