Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes toward crossovers and SUVs.
Volkswagen Group and Ford Motor Co. are expanding their budding alliance to collaborate on development of electric and autonomous vehicles, with the German automaker investing $2.6 billion in cash and assets in Argo AI, and Ford agreeing to use VW’s flexible electric vehicle platform for a future battery electric vehicle in Europe.
BMW has moved some engine output from Britain due to Brexit in a further sign of the decisions companies are having to take to handle uncertainty over the UK’s exit from the European Union.
EU antitrust regulators opened an investigation on Monday into Spain’s plan to grant 20.7 million euros ($23.4 million) to PSA Group’s plant in the north west of the country, concerned that this may breach the bloc’s state aid rules.
A Prague district court has ruled that a number of Czech owners of Skoda and Volkswagen cars qualify for 533 million crowns ($23.30 million) in compensation linked to VW’s diesel emissions scandal.
Shares of Asian automakers and suppliers, including Toyota, Nissan, Honda and Mazda, tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico.
German prosecutors are investigating Porsche CEO Oliver Blume over a possible breach of fiduciary trust tied to payments made to a Porsche works council member, the Stuttgarter Nachrichten reported.
PSA Group will offer full-electric versions of its Peugeot Boxer and Citroen Jumper medium vans as it completes plans to electrify its range of light-commercial vehicles.
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