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Latest News

23
23 hours ago
Ferdinand Piëch resigns from Volkswagen
In a sudden and shocking move, Volkswagen Group Chairman Dr. Ferdinand Piëch has resigned effectively immediately.
5
Apr 21, 15
Google almost bought Tesla in 2013
According to an upcoming book called "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future," Google was primed to buy the automaker in 2013.
2
Apr 17, 15
Lotus signs new joint-venture, will build models in China
Proton and Lotus have signed a joint-venture agreement with Goldstar Heavy Industrial Co. Ltd. which paves the way for Chinese production.
1
Apr 17, 15
Winterkorn wins out over Piëch, has full backing of VW's Executive Committee
The fight between Ferdinand Piëch and Volkswagen CEO Martin Winterkorn is apparently over as the latter has the backing of the Supervisory Board's Executive Committee.
14
Apr 15, 15
NEVS exits reorganization, could pave the way for a takeover
The latest Saabpocalypse is coming to a close as the District Court of Vänersborg has granted NEV's request to exit reorganization following the approval of the composition proposal that presented to ...
11
Apr 13, 15
Sergio Marchionne reportedly eyeing a mega merger or deal before retirement
Fiat Chrysler Automobiles CEO Sergio Marchionne is reportedly eyeing a mega merger or deal before his retirement in 2019.
5
Apr 13, 15
Ferdinand Piëch distances himself from Volkswagen CEO Martin Winterkorn
Ferdinand Piëch has rocked the automotive world by publicly distancing himself from the man many thought would replace him as Chairman of the Board of Management of Volkswagen AG.
11
Mar 25, 15
Porsche employees getting €8,600 bonus after company’s most successful year ever
Porsche has announced all employees are getting a €8,600 bonus after a very profitable 2014.
5
Mar 25, 15
Mahindra negotiating with Pininfarina for takeover
Reuters is reporting Mahindra is close to buying troubled design house Pininfarina.
11
Mar 23, 15
ChemChina buying Pirelli for €7.1 billion
Pirelli will be acquired by China National Chemical Corp. (ChemChina) who has agreed to pay €7.1 billion.
0
Mar 18, 15
BMW confirms more eDrive models, says new RWD platform is almost ready for production
BMW has revealed some new details about their future lineup at their Annual Accounts Press Conference in Munich.
3
Mar 12, 15
Porsche Boxster Spyder officially announced, will be one of 50 new models from VW AG
The Volkswagen Group has announced plans to 50 new and improved vehicles in 2015.
2
Feb 23, 15
Honda President Takanobu Ito to step down in June
Honda has announced a management shakeup which will see President Takanobu Ito being replaced by Takahiro Hachigo.
1
Feb 20, 15
NEVS seeking debt reduction with creditors in an attempt to exit reorganization
The Saab saga continues as National Electric Vehicle Sweden has submitted a composition proposal to unsecured creditors in an attempt exit their reorganization.
1
Jan 29, 15
Spyker bankruptcy declared null and void following an appeal
In a surprise move, Spyker's bankruptcy has been declared null and void following an appeal.
9
Jan 27, 15
Aston Martin gets funding for new lineup, big announcements expected in Geneva
Aston Martin's aging lineup is about to become a thing of the past as Bloomberg is reporting Investindustrial SpA has decided to invest the necessary funds to give the automaker a modern lineup.
16
Jan 06, 15
BMW beats Mercedes to reclaim their title as America's top selling luxury automaker
BMW has reclaimed their title as the best selling luxury automaker in the United States.
9
Dec 30, 14
U.S. loses over $9 billion on Chrysler & GM bailouts
The U.S. Department of Treasury has revealed the government's bailout of Chrysler and General Motors cost tax payers $9.26 (€7.61 / £5.94) billion.
9
Dec 29, 14
Audi investing 24 billion euros to develop 10 new models
Audi has announced plans to invest to €24 ($29.2 / £18.8) billion through 2019. A majority of the funds will be used for the development of 10 new models.
6
Dec 22, 14
Hyundai poaches BMW M chief engineer for high-performance models
Hyundai has announced they hired former BMW M chief engineer Albert Biermann to "spur the development of high-performance cars."
6
Dec 18, 14
Spyker fails to obtain funding, declared bankrupt
Spyker's voluntary restructuring has taken a turn for the worse as the District Court of Midden-Nederland has been declared the company bankrupt.
4
Dec 16, 14
Chrysler Group LLC becomes FCA US LLC
Sergio Marchionne's love affair with alphabet soup continues as Fiat Chrysler Automobiles has announced Chrysler Group LLC will be renamed FCA US LLC.
14
Dec 11, 14
Mahindra deal to buy SAAB owner close to completion
The Financial Times is reporting India-based Mahindra & Mahindra are about to purchase NEVS, the company that owns SAAB.
2
Dec 09, 14
Harald Krüger named BMW CEO & Chairman of the Board of Management
BMW's Supervisory Board has announced Harald Krüger will become CEO and Chairman of the Board of Management effective May 13th, 2015.
1
Dec 02, 14
Spyker files for voluntary restructuring
Following a countless stream of bad news, Spyker has filed for a voluntary restructuring in the Netherlands.
5
Dec 02, 14
Saab owner NEVS inks term sheet with Asian OEM, could be Mahindra
National Electric Vehicle Sweden (NEVS) has filed an application to extend their reorganization for an additional three months.
3
Nov 14, 14
Mercedes to take a hands off approach to MV Agusta, might sell bikes at AMG dealers
Daimler CEO Dieter Zetsche has revealed some new details about their tie-up with MV Agusta.
4
Nov 14, 14
Daimler rules out Aston Martin takeover
Daimler CEO Dieter Zetsche told Automotive News an Aston Martin takeover is not on the agenda.
5
Nov 14, 14
Ferrari to transfer €2.25 billion to Fiat Chrysler Automobiles before spinoff
Fiat Chrysler Automobiles (FCA) has announced they will receive €2.25 billion from Ferrari before the spin-off planned for 2015.
3
Nov 06, 14
Spyker money problems continue, company could be evicted
Spyker continues to swirl the drain as a Dutch court has determined the company has failed to pay their quarterly rent since the first quarter of this year.

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