Edward Taylor

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sources

27 May 2020

HONG KONG/FRANKFURT Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world's largest market for environmentally friendlier cars.

Aston Martin chief to leave, Mercedes-AMG CEO to replace him - source

25 May 2020

Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday. | Video

Electric car sales in Europe jump, but still just 4% of market

12 May 2020

FRANKFURT Registrations of electric cars in Europe jumped 57.4% in the first quarter of 2020, but still only accounted for 4.3% of total registrations, auto industry data showed on Tuesday, as carmakers struggle to meet tough new anti-pollution rules.

Boost for bikes as Europeans gear up for coronavirus commute

11 May 2020

FRANKFURT/LONDON Bicycles could play a central role in more major European cities as governments scramble to get commuters back to work without crowding buses or trains after coronavirus lockdowns are eased. | Video

Lufthansa seeks 9 billion euro bailout amid political discussions

07 May 2020

FRANKFURT Lufthansa is negotiating a 9 billion euro ($9.71 billion) bailout with Germany's economic stabilisation fund to ensure its future, the airline said on Thursday, confirming an earlier Reuters report.

BMW cuts outlook, sees coronavirus pain lasting all year

06 May 2020

FRANKFURT BMW AG expects the coronavirus pandemic to hit demand and earnings throughout this year, prompting the German automaker to cut its profitability forecast for passenger cars following a drop in first-quarter deliveries. | Video

VW sees multi-speed coronavirus rebound led by China

06 May 2020

FRANKFURT Volkswagen sees demand rebounding in China, helped by new buyers switching from public transport and sales of premium vehicles, but warned business would not recover from the coronavirus crisis as quickly in other parts of the world. | Video

UPDATE 1-VW sees multi-speed coronavirus rebound led by China

06 May 2020

* Global recovery uneven; demand down in Europe, U.S. (Adds comments by VW China chief Stephan Woellenstein about Audi, Bentley, Porsche sales growth in Q1)

RPT-UPDATE 3-Europe restarts car factories amid uncertain demand

28 Apr 2020

FRANKFURT, April 27 German carmaking giant Volkswagen resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, where the coronavirus pandemic has hammered demand and pushed up inventory levels.

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