Porsche, VW’s Billionaire Owners Weigh Defense Investment

(Bloomberg) — The billionaire family controlling Porsche AG and Volkswagen AG is eyeing a major investment…

Mercedes-Benz slashes forecast from 11% to 7.5% amid China’s economy downturn | Mint

Mercedes-Benz Group AG has cut its financial outlook, citing a sharp decline in its Chinese market…

Volkswagen raises electric car investment in Spain to 10 billion euros

Volkswagen AG and partners will invest 10 billion euros to build electric vehicles and batteries in…

Shanghai: Shanghai allows 4 million homes to move out as virus rules ease – Times of India

Beijing: Shanghai On Wednesday, 4 million more people were allowed out of their homes and some…

Ship with nearly 4,000 VW Group cars, including Lamborghini and Porsche, catches fire in the Atlantic

A cargo ship named Felicity Ace carrying 3,965 Volkswagen AG vehicles, including Lamborghini, Porsche and Audi…

Volkswagen is planning a farewell to the legendary Santana model in China

Volkswagen AG’s joint venture with SAIC Motor will end production of the current version of the…

12 automakers urge California senators to oppose union EV tax credits

Senior executives from 12 major international automakers on Friday urged two US senators from California to…

Volkswagen executive sees ongoing global chip shortage well into 2022

“There is no doubt that this shortfall is going to go well into 2022, at least…