BMW AG and Daimler AG鈥檚 self-driving car venture may attract more partners, with Fiat Chrysler Automobiles NV a front-runner to get on board at a time when the German automakers are working to select suppliers by the end of the year.
January 14, 2020Latest News Updates From Christoph Rauwald
BMW, Daimler鈥檚 Self-Driving Venture May Attract Fiat Chrysler
BMW-Daimler Ride-Hailing Venture Steps Up Uber Challenge
FreeNow, the ride-hailing venture owned by Daimler AG and BMW AG, expects to double revenue this year and next in a fresh challenge to Uber Inc. in Europe and Latin America.
December 16, 2019BMW to Cut Staff Bonuses in Electric Car Savings Push
BMW AG will reduce bonus payments for employees in Germany as the luxury-car maker grapples with the costly shift to electric and self-driving vehicles.
November 27, 2019VW Challenges Rivals With $66 Billion Splurge for Electric Era
Volkswagen AG will ramp up spending on electric vehicles and automated driving by 36% as the world鈥檚 largest automaker challenges rivals to keep pace with an aggressive shift into the post-combustion era.
November 15, 2019Daimler鈥檚 New CEO Ola Kallenius Warns Shift to Electric Cars Will Be Painful
Daimler AG鈥檚 new CEO warned there will be no quick fix for the automaker鈥檚 struggles to adapt to an era of self-driving, electric cars.
November 14, 2019Continental Posts Loss Amid Company Revamp and Industry Woes
Continental AG suffered a third-quarter loss triggered by a far-reaching overhaul to revive squeezed margins as it pursues a plan to spin off its powertrain division next year.
November 12, 2019VW Considers Sharing Autonomous-Car Tech to Defray Development Costs
Volkswagen AG is open to sharing future autonomous-vehicle systems with other manufacturers as it races to catch up with the likes of Waymo LLC in cost-intensive technologies that could transform the way people and goods move, according to an executive at the German automaker.
November 6, 2019VW Finance Chief Outlines Road Map for $221 Billion Ambition
Days before production starts on Volkswagen AG鈥檚 cornerstone electric vehicle, the German manufacturer is stepping up a campaign to more than double its market value and gain investor recognition for the industry鈥檚 most ambitious technology push.
October 28, 2019Continental to Cut Jobs, Close Factories in 10-Year Overhaul
Continental AG mapped out a sweeping restructuring plan set to last a decade that will affect as many as 20,000 jobs worldwide, part of the German manufacturer鈥檚 effort to restore profits while enduring sluggish vehicle production in key markets.
September 25, 2019VW in $9 Billion Software Revamp as It Expands Tech Shift
Volkswagen AG is bundling its software operations with an investment plan of about 8 billion euro ($9 billion) over the next three to five years, another step in the electric- and connected-car shift that鈥檚 heralding massive change across the industry.
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