Toyota to cut production by 40 percent as chip shortage wreaks havoc in auto industry
The corona pandemic is now also affecting the world’s largest car manufacturer. Vehicle parts from Southeast Asia are in short …
VW supervisory board chief: Second lockdown must be prevented
The automaker is afraid of another lockdown. Hans Dieter Pötsch worries about a possible exacerbation of the infection rate. Volkswagen …
Corona crisis still impacting the European car market in August
The corona crisis is still having an impact on the German car market in August. Despite high purchase premiums and …
Coronavirus is turning back globalization in the auto business
Mitsubishi is withdrawing from Europe, other car brands will follow. The coronavirus is causing a global reorganization in the auto …
Renault in crisis mode – 7.29 billion euros net loss in first half of 2020
The new Renault boss Luca de Meo starts with a difficult legacy. The French are in a financial crisis and …
VW with loss of billions: Shareholders get one billion euros less
Volkswagen actually wanted to distribute a good three billion euros to its shareholders. But the corona crisis is forcing the …
Volvo Cars affected by the pandemic in the first half of 2020, sees strong recovery in the second half
Volvo Cars reports financial result for the first half of 2020, which was strongly affected by the Covid-19 pandemic and …
Audi loses almost a quarter in sales – upward trend in China
From April to June, the VW subsidiary delivered significantly fewer cars due to the corona pandemic. In China, however, things …
Tesla reportedly builds “RNA micro factories” for German vaccine company CureVac
CEO Elon Musk surprises with the announcement on Twitter. The biotech company CureVac is also researching a corona vaccine. According …
Byton stops electric car production in China
The EV startup from China faces major problems. The ambitious expansion plans are at stake, production is at a standstill. …
Tesla has to postpone AGM in late summer
The shareholders meeting of the e-car pioneer falls victim to the Californian corona measures. Tesla boss Elon Musk is expecting …
BMW decides to cut 6,000 jobs
Management and works council have agreed to cut staff levels. The group continues to expect severe sales slumps as a …
Daimler workers fears new cuts in the workforce
Workers fear that the savings plans will also fall victim to manufacturing jobs. Parts of the IT should be outsourced, …
Tips: what to do if your car has been parked for a long time?
Before resuming activities with your vehicle, keep these recommendations in mind. If your vehicle has been stationary for long periods …
All Volkswagen plants are producing again – capacity utilization is still low
The car company Volkswagen has resumed production. However, due to the corona pandemic, the plants are not operating at full …
Volvo Trucks to lay off more than 4,000 workers by 2020
The group plans to cut around 4,100 jobs in the second half of the year. About 15 percent of the …
Spain approves 3.75 billion euros bailout for automotive industry
The Spanish government has announced an aid package worth EUR 3.75 billion for the automotive industry, which is suffering badly …
Car industry study: The second quarter will be much worse – bankruptcies are likely
The industry’s profits fell in the first quarter, and now the crisis is likely to have an even greater impact. …
Toyota Tsusho to provide car parts to the United Nations for free to support Africa
Toyota Tsusho Corporation announced on April 4 that it will provide car maintenance parts free of charge to the United …
Bicycle temporarily replaces car as the most important means of transport in Germnay
In the corona crisis, Germans use transport very differently than usual. A data analysis now shows how strongly the bicycle …
Officine Classiche from FCA Heritage resumes work
FCA Heritage, the division of Fiat Chrysler Automobiles (FCA) for classic vehicles of the Abarth, Alfa Romeo, Fiat and Lancia …
BMW does not rule out further layoffs
A first wave of job cuts had already been planned by BMW, but the brand announces that it no longer …
Can Renault really disappear?
This Friday, Bruno Le Maire said he feared an outright disappearance of Renault. But in the process, the Minister of …
EU Commission wants to rebuild auto industry faster
According to a media report, a European expansion program after the Corona crisis is expected to accelerate the climate-friendly conversion …
Opel plant in Kaiserslautern starts production after corona break
The Opel plant in Kaiserslautern has been producing again since Monday. According to the company, around 400 people in production …
Ford helps develop air purifying respirators and builds ventilator parts manufacturing facility
• Aachen’s Ford Research and Innovation Center is involved in the development of a new air purification breathing apparatus that …
Mazda seeks $2.8 billion in loans due to reduced sales target
Mazda Motor has recently applied for loans of 300 billion yen (approximately 2.8 billion US Dollars) from a number of …
Car sales collapse in United Kingdom – a 97 percent drop in April 2020
Car dealerships closed, demand decreased. The number of new registrations dropped rapidly due to the coronavirus measures. The closure of …
Lamborghini to restart production on May 4, will reveal a new model
Lamborghini is preparing to resume production on May 4, according to the Italian Prime Minister’s decree of April 26, and …
Toyota introduces a minivan to transport coronavirus patients
Japanese hospitals continue to struggle to safely transport people infected with Covid-19. That’s why car manufacturers want to help and …
Toyota postpones first hypercar test until October
Due to coronavirus pandemic, Toyota is planning the first GR Super Sport-based hypercar test for the WEC 2021, three months …
How to keep your car coronavirus-free, cleaning tips
Hygiene currently plays a particularly important role because of the coronavirus, especially in the car. When cleaning vehicles, attention should …
Volkswagen sales decline by 16 percent in first quarter of 2020, deliveries down by 25 percent
The effects of the Covid-19 pandemic significantly clouded the business of the Volkswagen Passenger Cars brand in the first quarter …
Volkswagen resumes production at Wolfsburg plant, Europe’s largest auto factory
The Volkswagen Passenger Cars brand in Wolfsburg starts producing vehicles again at 6.30 a.m. 27th April. First, the Golf production …
Volkswagen donates 40 million euros worth of medical supplies to German hospitals and nursing homes
The medical supplies for doctors, nursing homes and hospitals that the Volkswagen Group has been organizing in China since the …
Volkswagen restarts the production of ID.3 at Zwickau plant in Germany
The Volkswagen plant in Zwickau is gradually ramping up the production of electric vehicles again. The restart of the fully …
Volkswagen launches “JumpStart” program for reopening of car dealerships in Germany
The Volkswagen Passenger Cars brand has started extensive online training for German dealers to encourage the restart of business. Around …
Volkswagen AG is reducing its outlook for fiscal year 2020 due to the effects of the Covid-19 pandemic
The ongoing Covid-19 pandemic is significantly impacting the business of the Volkswagen Group. As a result, automotive retail has largely …
Toyota to resume production at some factories in Europe
At the French location in Valenciennes, home of the Yaris small car, production will resume to a limited extent from …
Volvo Cars to restart production in Sweden and Belgium on 20 April 2020
Volvo Cars will restart production in its factories in Torslanda, Sweden and Ghent, Belgium on Monday 20 April 2020. They …
Performance of the two Chinese lithium resource giants declined significantly in the first quarter due to coronavirus
The sudden new coronavirus pandemic has caused many domestic industries to almost shut down in the first quarter of this …
2019 financial report of 28 mainstream auto companies in the world: total profit decreased by 11% year-on-year
In 2019, although the overall revenue of the global automotive industry increased slightly, operating profit declined year-on-year. According to official …
Polish automotive market in a free fall, sales plummet in April
Unfortunately, this was to be expected. The situation caused by the coronavirus epidemic strongly affects many industries, including the automotive …
BMW donates 50 thousand masks to Italian hospitals
BMW has chosen the following institutions as recipients of its support: San Raffaele Hospital in Milan, Ana Field Hospital in …
Volkswagen to gradually restart production by late April
The plants of the Volkswagen Passenger Cars brand will gradually restart production. The plants in Zwickau and Bratislava (Slovakia) will …
France comes to the rescue of Europcar, becomes guarantor of 223 million euros loan
The Europe’s popular car rental company, whose net debt increased by 32% last year and above 3.4 billion euros, has …
Ford anticipates $600 million loss in the first quarter of 2020 due to the suspension of production
Ford has said that due to the outbreak of the coronavirus, the company’s car sales to dealers in the first …
China, the auto market will return to stability – Automobile Association of the People’s Republic
The Chinese car market will gradually recover and return to stable, despite the strong slowdown due to the outbreak of …
Auto industry profits were in decline before coronavirus pandemic
The difficulties of the automotive industry began before the crisis brought about by the coronavirus pandemic. Over the past year, …
“It is first of all necessary to protect employment,” says president of Toyota on coronavirus crisis
Akio Toyoda, president and CEO of the Toyota Motor Corp. and chairman of Japan Automobile Manufacturers Association (JAMA), gave a …