Mercedes plans electric Maybach to defend luxury position

This post was originally published on this siteMercedes-Benz wants its lineup of battery-powered cars to extend all the way up to ultra-luxury vehicles to help defend its high-end market

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VW Cuts Dividend After $940 Million Loss

This post was originally published on this siteVolkswagen AG cut its proposed dividend after recording an 800-million-euro loss ($940 million) in the first half of the year, when the Covid-19

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Continental Sales Beat Estimates, But Car Supplier Is Wary

This post was originally published on this siteContinental AG climbed in Frankfurt trading after reporting better-than-expected second-quarter results as demand picked up during the period,

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Audi’s new CEO sees crisis giving struggling automaker an opening

This post was originally published on this siteFRANKFURT — Audi’s new CEO, Markus Duesmann, plans to seize the deepest industry slump in decades to make the automaker nimbler and

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Daimler CEO Sees ‘Drastic’ Pay Cuts, Deeper Restructuring

This post was originally published on this site(Bloomberg) — Daimler AG Chief Executive Officer Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful

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VW board backs CEO to ease tensions after spat rocks carmaker

This post was originally published on this siteVolkswagen AG’s supervisory board accepted an apology from Chief Executive Officer Herbert Diess, with the unusual public statement reflecting

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Bentley to cut 1K UK jobs in recovery plan after virus

This post was originally published on this siteBentley Motors Ltd. plans to slash as many as 1,000 jobs in the U.K., about a quarter of its workforce, to cut costs and contain the fallout of the

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German Coronavirus Deaths Rise to 1275 With 168 New Fatalities

This post was originally published on this siteThe number of coronavirus deaths and confirmed cases in Germany climbed further, a day after Robert Koch Institute President Lothar Wieler warned

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New Virus Test to Shortens Wait to 2.5 Hours From Two Days

This post was originally published on this siteRobert Bosch GmbH said it developed a test that can diagnose Covid-19 in less than 2.5 hours and might help efforts to fight the coronavirus

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VW to Hire ‘Aggressive’ Climate Activist to Scrutinize Policies

This post was originally published on this siteVolkswagen AG Chief Executive Officer Herbert Diess plans to hire a climate campaigner to shake up the German automaker’s efforts to fight

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