BMW engine fires spark proposal to increase fines, impose higher punitive damages Go to Source
Author: Financial_Times Reporting
Opel to shift up to 2,000 R&D jobs to Segula Techologies
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Electric switch poses existential challenge to carmakers
When Tesla started production of the Model S saloon in 2012, the start-up had fewer than 3,000 employees. Chief executive Elon Musk had the luxury of beginning with a blank page, to hire just the specialists he needed and to even risk complete failure in his quest to launch the first successful electric-only car brand.… Continue reading Electric switch poses existential challenge to carmakers
EU offers to lift all car tariffs if US reciprocates
Offer by Cecilia Malmstrom goes beyond scope of Trump-Juncker agreement Go to Source
Boom years over for diesel car parts suppliers
Job cuts loom for groups that make everything from handbrake levers to fuel injectors Go to Source
Luxury car dealer HR Owen’s profits double
Buoyant spending by wealthy on Ferraris, Lamborghinis and Bentleys boosts results Go to Source
KKR in talks to buy Fiat’s Magneti Marelli
Deal could rise as high as €6bn for component maker being spun out of FCA Go to Source
Continental shares suffer worst fall in almost a decade
German tyremaker issues second profit warning and cuts forecasts as sales drop Go to Source
Electric cars: the race to replace cobalt
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Saudi Arabia’s sovereign wealth fund builds $2bn Tesla stake
Investment vehicle overseen by Mohammed bin Salman acquired 3%-5% of shares this year