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Porsche doubles green car investment to fight Tesla
Petre Barac Posted On February 7, 2018


Porsche will double spending on greener sports cars and SUVs to help fight electric-car maker Tesla. Expenditure on electromobility will be increased to more than 6 billion euros ($7.4 billion) by 2022 from 3 billion, CEO Oliver Blume said in […]


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Continental to promote efficient and safe material flow in growing logistics industry

The technology company Continental is focusing on the challenges facing growing logistics chains at the world’s largest industrial trade fair […]

Petre Barac Posted On February 6, 2018

Maserati Levante production will be reduced, union says

Fiat Chrysler Automobiles will cut working hours until July at its Mirafiori plant in Turin, Italy, the FIOM union said. […]

Petre Barac Posted On February 6, 2018

Geely could become Daimler’s biggest shareholder

Zhejiang Geely Holding Group plans to take a major stake in Daimler, German weekly paper Bild am Sonntag reported, citing sources. Geely […]

Petre Barac Posted On February 6, 2018

FCA names new global boss for Alfa Romeo and Maserati

Fiat Chrysler Automobiles named Tim Kuniskis as the new global head for Maserati and Alfa Romeo while trimming some responsibilities […]

Petre Barac Posted On February 6, 2018

Carlos Ghosn will be reappointed Renault CEO, paper says

Carlos Ghosn is likely to be reappointed as Renault CEO at the automaker’s next shareholder meeting, Le Figaro reported. Ghosn, 63, had […]

Petre Barac Posted On February 5, 2018

UK plans unlimited fines for auto-emissions cheaters

The UK government plans to penalize automakers who try to cheat emissions tests with criminal charges that go “above and […]

Petre Barac Posted On February 5, 2018

Experts see room for growth after 2017 Europe sales outpace predictions

Alfa Romeo, Suzuki, Toyota and Seat were the biggest winners last year among brands sold in Europe, where overall vehicle […]

Petre Barac Posted On February 5, 2018

Ferrari aims to double core earnings by 2022

Ferrari aims to double core earnings to 2 billion euros ($2.5 billion) no later than 2022 and become debt free […]

Petre Barac Posted On February 2, 2018

Skoda Vision X concept to preview new urban crossover in Geneva

The Czech car manufacturer is presenting an outlook on the further development of their model range with the hybrid study […]

Petre Barac Posted On February 1, 2018