Week news

Nissan examines split from Renault
14.January 2020

Nissan has stepped up contingency planning for a possible split from Renault, according to the Financial Times, which cited people familiar with the matter.

VW will decide on $1.4B Turkish plant in Feb.
17.December 2019

Volkswagen Group is not considering other locations for a new multibrand plant besides Turkey, sources said. A decision to build the plant in Turkey is still on hold and will not be made until February, sources familiar with the matter told Automobilwoche.

Renault offers CEO job to Seat’s De Meo
16.December 2019

Renault has offered Luca de Meo, CEO of Volkswagen Group’s Seat brand, the job of CEO, Spanish newspaper La Vanguardia reported on Saturday, citing anonymous sources.

Europe may tighten CO2 emissions targets
12.December 2019

Automakers selling cars in the EU may face tougher CO2 emissions reduction targets after the European Commission signaled it will review goals already set for 2030.

European sales rise 9% in October
19.November 2019

European new-car sales rose 8.6 percent in October, driven by robust demand in Germany and France and a rebound in demand for Volkswagen Group brands that were hit by the introduction of new emissions rules last year.

PSA-FCA will maintain brands after merger
12.November 2019

PSA Group and Fiat Chrysler Automobiles have no plans to scrap any of their brands following their $50 billion merger, PSA CEO Carlos Tavares told a French television station.

European factories at risk in FCA-PSA merger
7.November 2019

Fiat Chrysler Automobiles and PSA Group have said they will not to close factories if they merge but this promise is likely to come under heavy strain as the combined group would have spare production capacity of almost 6 million vehicles in a slowing autos market.

VW labor boss Osterloh blocks Turkey plant
4.November 2019

Volkswagen Group’s powerful labor unions vowed to block the automaker’s plan to build a factory in Turkey until violence triggered by the country’s cross-border offensive in northern Syria has stopped.

Skoda CEO seeks to calm fears about push downmarket
21.October 2019

Skoda has sought to reassure its employees after reports suggested that its owner, Volkswagen Group, is considering repositioning the brand downward to compete with low-cost marques such as Renault’s Dacia.

VW’s top executives charged with stock market manipulation
25.September 2019

Volkswagen Group’s two top leaders, CEO Herbert Diess and Chairman Hans Dieter Poetsch, were charged with market manipulation in Germany over allegations they failed to inform investors early enough about the automaker’s diesel-emissions scandal.

GEFCO celebrates 15 years on the Slovak market
17.September 2019

GEFCO Slovakia celebrates its 15th anniversary this year. Luc Nadal, the head of the group, informed journalists about the company history and current results in the region in Bratislava.

Battery-powered models to dominate in Frankfurt
9.September 2019

The Frankfurt auto show will see debuts of key electric vehicles such as Porsche’s first series production EV, the Taycan, and Volkswagen’s mass-market battery-powered hatchback, the ID3.