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VW pays nearly $10M to end proceedings against chairman
21.May 2020

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.

 

News

VW begins production of ID4 EV in Germany
21.August 2020

Volkswagen Group has begun regular production of ID.4 crossover, the second model in a planned family of electric vehicles that will be built and sold around the world.

Porsche delivers 116,964 vehicles in the first half year
21.July 2020

In the first six months of 2020, Porsche supplied a total of 116,964 cars to customers worldwide. The coronavirus crisis and the resulting closures of Porsche Centres over a period of several weeks resulted in a 12 per cent decline in deliveries as compared to the prior year.

Expected 17.2% decline to global LUV market
7.July 2020

The world’s light vehicle market is forecast to decline by 17.2% to 73.6 million units in 2020 due to the impact of the COVID-19 pandemic and its associated economic fallout, according to GlobalData, a leading data and analytics company.

UK car output slumps 95% in May
29.June 2020

Britain’s car production plunged 95 percent to the lowest level for May since 1946 after automakers were forced to idle factories to help prevent the spread of the coronavirus pandemic.

BMW and Mercedes reset autonomous drive collaboration
24.June 2020

Following the news that BMW and Mercedes-Benz are putting their autonomous drive technology collaboration on hold; David Leggett, Automotive Analyst at GlobalData, a leading data and analytics company, offers his view.

VW pays nearly $10M to end proceedings against chairman
21.May 2020

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.

Auto industry faces sharper downturn
18.May 2020

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.

Benzina wants to double the number of stations in Slovakia
11.May 2020

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 extends warranty due to the corona crisis
4.May 2020

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.

PSA says demand to fall sharply
22.April 2020

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.