News [5]

FCA passenger cars to move to PSA platforms
20.December 2019

In outlining the industrial side of their merger, PSA Group and Fiat Chrysler Automobiles said that more than two-thirds of their production would be concentrated on just two platforms, with 3 million cars per year on a compact/midsize platform and 2.6 million on a small platform.

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.

VW headquarters raided again in diesel probe
4.December 2019

Volkswagen Group’s headquarters in Wolfsburg, Germany, was raided by public prosecutors on Tuesday in the latest investigation into the automaker’s diesel emissions scandal.

Daimler could face further diesel recalls
3.December 2019

Daimler could face further recalls related to manipulated diesel engines in some of its Mercedes-Benz compact models, weekly magazine Der Spiegel said on Friday, without citing sources.

BMW, Daimler, VW fined for steel cartel
25.November 2019

Germany’s cartel authority said it was fining BMW, Volkswagen Group and Daimler a total of 100 million euros ($110.84 million) for unlawful actions in relation to steel purchases.

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.

Two ex-VW board members charged
18.November 2019

Two former Volkswagen management board members and two other managers were charged by German prosecutors for paying too much to labor representatives.

Tesla plans to build factory in Germany
13.November 2019

Tesla plans to build its next factory near Berlin, CEO Elon Musk said, sending a stark message to Germany’s automakers that he is headed for their home turf.

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.