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Spanish carmaker SEAT a and PowerCo supplier annoounced historic...
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Volkswagen Group has agreed to pay 9 million euros ($9.9 million) in a deal with a German court to end legal proceedings against its chairman and CEO, who were accused of holding back market-moving information on rigged emissions tests.
Even as automotive manufacturers tentatively restart production lines after the COVID-19 crisis disruptions, the global automotive industry faces a hit to the market that will be greater than in the 2007/8 financial crisis, says GlobalData, a data and analytics company.
TPCA, a joint venture of Toyota and PSA Group, has extended the shutdown of its plant in Kolin, Czech Republic, until at least May 25.
Benzina plans to continue the investment in expanding and developing its Slovak network also this year. The leader of the Czech market ended last year with ten filling stations in Slovakia, and it plans to double their number this year.
Porsche is extending the new car warranty by a further three months for all cars with a new car warranty expiring between 1 March 2020 and 31 May 2020. This measure is free of charge for customers and is valid worldwide.
Ford confirmed today that it intends to restart initial production at most of its main continental European vehicle and engine plants from May 4.
PSA Group warned of sharp fall in demand for autos this year due to the coronavirus crisis after posting a 15.6 percent drop in first-quarter revenue.
Global light vehicle production is now expected to fall more than 20 percent to around 71 million units in 2020 as a result of the COVID-19 pandemic and ensuing recession, a top automotive forecaster said Monday.
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