Volkswagen Group’s Skoda division said talks with India’s Tata Motors on a strategic alliance have ended because the two automakers failed to achieve planned cost savings.
Renault is poised to raise its bet on Russia, voting with other shareholders in troubled AvtoVAZ to launch an 85 billion ruble (1.2 billion euro) recapitalization in which the French carmaker may be the sole cash contributor.
Volkswagen Group is not considering the sale of any of its brands or a capital increase to cope with the costs of its emissions scandal, Chairman Hans Dieter Poetsch told German business daily Boersen-Zeitung.
Audi’s labor boss has called on the automaker’s top management to build more electric models in Germany and extend a job guarantee for workers in its home market beyond 2018.
Nissan could decide to end production of its Juke subcompact SUV in the UK after the country voted to leave the EU. Nissan Chief Performance Officer Trevor Mann declined to give assurances that Juke output will continue at the automaker’s factory in Sunderland.
Nissan wants Britain to pledge compensation for any tax barriers resulting from its decision to leave the European Union, or the Japanese automaker could scrap a potential new investment in the country’s biggest car plant, CEO Carlos Ghosn said.
Skoda may take another year before deciding whether to sells its cars in the U.S. Volkswagen Group’s value brand plans first to enter the South Korean and Iranian markets next year.
VW Group’s former CEO, Martin Winterkorn, approved a plan to disclose only partial information on the automaker’s software rigging to U.S. authorities seven weeks before the scandal broke last September, Bild am Sonntag newspaper reported.
In total, Škoda Auto has delivered more than 580,000 ŠKODA YETIs to customers worldwide. Due to high demand, ŠKODA is currently expanding the capacity for the production of the compact SUV.
Jaguar Land Rover has started work on its new factory in Slovakia. The plant will build a range of all-new aluminum Jaguar Land Rover vehicles, JLR said in a statement on Tuesday.
Automakers offers fresh news delivered to your E-mail inbox three times a week, and from January 2006 daily newsletters. All news and Web content is available in both Czech and English languages. The content of the newsletters is details about new products and pricing, info about retail sales tactics and developments and comprehensive coverage from the world of suppliers and manufacturers.More info