BMW and Daimler have agreed to develop some parts together, but do not expect cross shareholdings, a German media report said on Monday.
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Daimler will announce 1.6 billion-euro ($2.1 billion) savings to counter a slump in demand for new cars, the Stuttgarter Zeitung said, without citing sources.
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Daimler will announce 1.6 billion euro ($2.1 billion) savings to counter a slump in demand for new cars, the Stuttgarter Zeitung said. The savings will come from accelerating a cost-cutting program for passenger cars.
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General Motors has said it could take "unconventional and aggressive steps" to cut costs in Europe, ahead of its deadline tomorrow (17 February) to present a recovery plan to the US government in return for federal loans.
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Shares in BMW rose 2 percent early today after a report in the Frankfurter Allgemeine Zeitung on possible closer cooperation between the Bavarian automaker and Daimler.
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New US president Obama won't appoint a single, powerful "car czar" to oversee the revamping of General Motors and Chrysler, as originally thought, and will instead keep the politically delicate task in the hands of his most senior economic advisers, US reports at the weekend said.
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A number of factors are shaping the lead-acid automotive starter battery market. While some are market driven, others are outside manufacturers' control. Matthew Beecham recharges just-auto's annual review of the battery market.
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Fiat will lift the lid off its new 500C convertible at the Geneva show, a successor to the convertible version of the original rear engine 500 launched in 1957.
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Best spy shots yet of BMW's upcoming flexible 5-Series!
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BMW early on Monday confirmed weekend newspaper reports it would axe weekend working at its Mini Plant Oxford here in the UK, with the loss of 850 temporary workers. The plant union said the way the cuts had been announced was "disgraceful".
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BMW has launched a 'concept' 5 series Gran Turismo, a five-door vehicle with four seats, which, it said, combines features of a prestigious sedan, a sports activity vehicle and a classic GT, or grand tourer. The concept will be at Geneva, the production car at Frankfurt in September.
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BMW said today that it would shed 850 workers at its plant in Oxford, England, where it makes the Mini. The carmaker said the global economic slowdown had hit demand for the Mini, which celebrates its 50th anniversary in August.
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The 52-year-old executive likes to sail competitively and enjoys testing his strength and endurance by climbing 3,000 meter peaks in the Pyrenees. L'Epine joined Renault from college in 1982 as an engineer in the company's aftersales department.
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The recession gripping the worldand#8217;s automakers hadnand#8217;t hit when product plans for many vehicles were hatched several years ago.
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Audi dealers now are among the industry's most profitable. But Audi has traveled a "rocky road" with its U.S. dealers, Audi of America President Johan de Nysschen says. In 2007, Audi introduced a new margin and bonus system.
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Fiat is considering whether to export some Europe-built products to the US prior to starting local production there in mid-2011.
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Spearheading the creation of one of the most beautiful sports cars ever made is one of the reasons why Ferruccio Lamborghini has earned a spot in the European Automotive Hall of Fame.
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Renault's planned 2012 launch of electric cars in Europe is based around the continuation of generous government purchase price subsidies and no new taxes on electricity used as vehicle fuel, a top executive said earlier this month.
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Citroen disappointed a lot of people earlier this month. Rumors were running wild that the French carmaker was bringing back its legendary DS line.
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