Elisabeth Behrmann
Daimler’s Luxury Sheen Shows Cracks After Fourth Profit Warning
Michaela Handrek-Rehle/Bloomberg News
Barely three weeks ago, Daimler AG dialed back profit expectations for the year. The move was seen as a housekeeping exercise to allow CEO Ola Kallenius to start with a clean slate.
July 12, 2019VW Steps Up Software Push With Own Operating System
Alex Kraus/Bloomberg News
Volkswagen AG is stepping up the pace of its digital transformation with a plan to pool some 5,000 digital experts into a single unit that will develop “vw.os,” a uniform software operating system across all new models.
June 18, 2019VW Creates Buzz Before EV Launch
Qilai Shen/Bloomberg News
Volkswagen AG is seeking to create buzz months before deliveries start for its first ID. electric car, following the footsteps of Tesla Inc.’s Elon Musk, whose promotion of the Model 3 generated reservation lines around the block.
May 2, 2019Volvo Exploring Closer Ties With Shareholder Geely in China
Volvo CEO, Martin Lundstedt (Krisztian Bocsi/Bloomberg News)
Volvo AB is exploring closer ties with Zhejiang Geely Holding Group Co. in China, in a sign the Swedish truckmaker and its largest investor are taking steps to collaborate.
April 9, 2019VW Joins BMW in Testing Self-Driving Cars on German City Streets
Krisztian Bocsi/Bloomberg News
Volkswagen AG has started testing five electric and highly-automated versions of its Golf compact cars on the streets of Hamburg, Germany.
April 3, 2019VW Pulls Truck Unit IPO in Setback to CEO’s Agility Revamp
A VW Heavy-duty truck on display at the IAA conference in 2018. (Krisztian Bocsi/Bloomberg News)
Volkswagen AG canceled plans for a partial share sale in its Traton SE division, citing weak markets, a setback to the automaker’s plan to generate fresh funds for the heavy-truck unit’s expansion outside of Europe.
March 13, 2019Ford’s Global Cost Purge Hits Europe With Thousands of Job Cuts
Daniel Acker/Bloomberg News
Ford Motor Co. said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years.
January 10, 2019VW, Daimler and BMW Brace for Tariffs
Krisztian Bocsi/Bloomberg News
Investors in European carmakers are once again facing months of share volatility after the U.S. circulated a draft report on tariffs and European Commission President Jean-Claude Juncker signaled a cease-fire in the looming trade war may soon come to an end.
November 13, 2018Global Auto Sector Likely to Feel Effects of Tariffs
Daniel Acker/Bloomberg News
Over the past three decades, the global auto industry has gotten, well, more global. Manufacturers built scores of factories outside their home countries to reduce exposure to currency swings, take advantage of cheaper labor and manufacture cars closer to buyers.
June 22, 2018German Electric Carmakers Pose Threat to Tesla
Jaguar Land Rover I-Pace by SeongJoon Cho/Bloomberg News
Major German carmakers are rolling out stylish, sporty electric vehicles in the mold of Tesla's Models S, X and 3. Unlike Tesla, they have roughly a century of experience launching models every few months and can spread development costs across a broad portfolio.
May 2, 2018