Volkswagen Group's core VW brand confirms business guidance for 2019

Moritz Rommerskirchen, Zhu Sheng|Published

VW's operating profit margin is expected to range between 4 percent and 5 percent in 2019 despite the negative effects of additional costs for market launches.

Daimler increases turnover and profits in Q3 2019

Moritz Rommerskirchen, Zhu Sheng|Published

Earnings before interest and taxes (EBIT) also increased by 8 percent to 2. 7 billion euros between July and September.

Volkswagen Group vehicle deliveries up 9. 2% in September

Moritz Rommerskirchen, Zhu Sheng|Published

The strongest growth in vehicle deliveries by Volkswagen was reported in the company's domestic market, where sales increased by 58. 1%.

IT failure temporarily shuts down production at Porsche

Moritz Rommerskirchen, Zhu Sheng|Published

A Porsche spokesperson stressed that an internal problem was the reason for the failure, not an external cyberattack.

Volkswagen brand deliveries up 10 pct in September

Moritz Rommerskirchen, Zhu Sheng|Published

With a year-on-year increase of 45. 4 percent, the VW brand registered the "strongest growth" in vehicle deliveries in Europe.

SUVs boost BMW's vehicle sales in August

Moritz Rommerskirchen, Zhu Sheng|Published

The biggest driver of growth was BMW's sports utility vehicle (SUV) segment. Sales of the company's X models increased by more than one third.

Carmaker Daimler records net loss of $1. 34bn in Q2

Moritz Rommerskirchen, Zhu Sheng|Published

Although revenues increased by 5 percent to 42. 7 billion euros, Daimler's Group earnings before interest and taxes (EBIT) fell to minus 1. 6 billion euros.

BMW, Daimler launch automated driving partnership

Moritz Rommerskirchen, Zhu Sheng|Published

The main aim of the partnership would be to develop "driver assistance systems and automated driving on motorways.

Opel plans to drastically reduce production in German main plant

Moritz Rommerskirchen, Zhu Sheng|Published

In internal writing, workers' union IG Metall warned that only 68,000 instead of 123,000 cars compared to last year will be produced.

BMW, Daimler plan cooperation in autonomous driving: report

Moritz Rommerskirchen, Zhu Sheng|Published

Joint procurement of components such as gearboxes and batteries would also be discussed by the two German premium carmakers.

Audi car sales down 3. 5% worldwide in 2018

Moritz Rommerskirchen, Zhu Sheng|Published

Audi Chief Executive Bram Schot said that his company was now "preparing for new challenges after a challenging year. "