News [7]

EU regulators to investigate Spanish aid for PSA
2.July 2019

EU antitrust regulators opened an investigation on Monday into Spain’s plan to grant 20.7 million euros ($23.4 million) to PSA Group’s plant in the north west of the country, concerned that this may breach the bloc’s state aid rules.

Ford to cut about 20% of Europe workforce
27.June 2019

Ford will eliminate about 20 percent of the workforce across its European operations in a sweeping overhaul that reflects the challenges facing automakers in the region.

FCA, Renault shares drop after merger talks collapse
6.June 2019

Shares in Fiat Chrysler Automobiles and Renault fell sharply in early trading on Thursday after their $35 billion-plus merger plan fell apart only 10 days after being made public, with FCA blaming French politicians.

Fiat Chrysler withdraws Renault merger offer
6.June 2019

Fiat Chrysler withdrew a $35 billion merger offer for France’s Renault, abruptly calling off what would have been a landmark deal to create the world’s third-biggest automaker.

Seat chystá šest elektromobilů a hybridů
27.March 2019

Seat představil svou elektrickou strategii, která bude do roku 2021 zahrnovat šest elektrických a plug-in hybridních modelů. Elektrická verze Mii a elektromobil el-Born se stanou prvními elektricky poháněnými modely značky.

Skoda narrows choice for new European car plant
15.March 2019

Skoda is close to choosing the location for a new factory with Serbia emerging as the favorite. Speculation about the plant’s location has been intense since Skoda’s parent, VW Group, said it wanted to build factory in eastern Europe, with Skoda likely to take the lead.

VW brand to cut up to 7,000 jobs
13.March 2019

Volkswagen Group said it will shrink the workforce by up to 7,000 staff, raise productivity and make 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise the brand’s operating margin to 6 percent.

German automakers at most risk from Trump tariffs
18.February 2019

The U.S. Commerce Department sent a report on Sunday to President Donald Trump that could unleash steep tariffs on imported cars and auto parts. Profits at German automakers are seen most at risk from tariffs on cars they export to the U.S. from Europe.