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GERMAN LUXURY AUTOMAKER
Volkswagen Law: The unique structure behind Europe's biggest carmakerVolkswagen is reportedly planning a significant overhaul, including plant closures and substantial job cuts, sparking strong union resistan...- Hot wheels got intelligent: Carmakers are device-fying, and tech companies making cars are bringing their world view with themThe automobile is transforming into a smart device. Traditional carmakers face a challenge as software and data become more valuable than h...
- Beijing auto show: Chinese EV makers target Europe’s luxury car turfChinese car makers are now targeting premium customers. Brands like Geely and Nio are launching advanced electric and hybrid vehicles. Thes...
- Luxury car sales in India set to double by 2030, says BMWIndia's luxury car market is set to double its share by 2030. Young, wealthy, and aspirational buyers are fueling this growth. BMW sees str...
- Porsche loses speed on a curvy roadPorsche AG's sales dropped significantly in the first quarter. China saw a steep decline in luxury spending, impacting deliveries. Model ch...
- Mercedes pulls earnings guidance amid Trump tariff uncertaintyMercedes-Benz reported a decline in car business profitability for the first quarter, with a margin of 7.3% compared to 9% last year. Group...
- European shares bounce to 6-week high on China stimulus optimismEuropean shares climbed to six-week highs on Monday, led by miners, luxury goods makers and automakers after signs of fresh stimulus to sup...
- Young buyers spend a fortune on luxury car makeoversFrom rare paintwork, handcrafted leather interiors to special registration numbers, auto makers see surge in queries for customisation.
- Mercedes-Benz India reports best-ever retail sales in FY24In the January-March period this year, the automaker sold 5,412 units, an increase of 15 per cent over 4,697 units in the first quarter of ...
- Audi India reports 33 pc rise in retail sales in FY24Audi India has recorded a 33 per cent surge in retail sales, with 7,027 units sold in the fiscal year ending on March 31, 2024, up from 5,2...
- China to be centre of Mercedes-Benz 2025 EV sales drive, Automobilwoche saysBenz is making China, the world's top auto market, central to its next electric vehicle (EV) campaign starting in 2025, its CEO told German...
- Toyota aims to make its factories carbon neutral by 2035: Chief production officer Masamichi OkadaToyota has said in recent years that electric vehicles (EVs) will play a greater role in reducing emissions but other solutions should be u...
- Mercedes Benz India receives Rs 1,750 crore fund infusion from parent Daimler to negotiate pandemic disruptionsThe largest luxury car maker in India sold 7,893 units in 2020, less than what it sold in 2013 and just about half of its peak sales in 201...
- Current fiscal to remain challenging, sales to revive only next year: AudiDespite difficult market environment, the company aims to keep bringing in new models, including sports cars, in the country during the ong...
- BMW India initiates service campaign amid coronavirus pandemicGerman luxury carmaker BMW on Thursday said it has rolled out an extended service campaign across its entire dealer network in the country ...
- The market for big, expensive luxury cars in China is overChinese buy mass-market cars, but relative to development of more mature global markets, they buy a disproportionately large number of luxu...
- German automakers eye gains in US marketThe German firms are taking advantage of the healthy growth in the "premium" segment of the US market, and may represent a quarter of sales...
- BMW recalling 150,000 vehicles to fix fuel pumpsGerman automaker BMW AG is issuing two recalls involving about 150,000 luxury vehicles to fix faulty fuel pumps that could cause vehicles t...
- Audi profit falls 25 pc during first halfGerman luxury automaker Audi AG said Friday its profit for the first six months of the year fell 25 percent as sales slipped nearly 10 perc...
- Daimler profit plunges 65 per centThe German luxury automaker Daimler said on Tuesday that its 2008 net profit had plunged by 65 percent to 1.4 billion euros (1.8 billion do...
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