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 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
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.
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
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.
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
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
* 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)
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.