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Deflation in Eurozone Continues
5/31/2016Weak energy prices, which caused consumer prices in the eurozone to shrink 0.2% in April, produced 0.1% of contraction in May, Eurostat estimates.
Audi Readies Next-Gen A5 Coupe
5/31/2016Audi AG says its all-new A5 coupe will be larger, more aerodynamic and about 220 lbs lighter than the current model.
Apple Charging Ahead with EV Program?
5/31/2016Apple Inc. is talking with makers of electric vehicle charging stations and continues to hire battery experts to better understand the technology, Reuters reports.
Takata Rules Out Bankruptcy Option
5/31/2016Takata Corp. has ruled out bankruptcy to mitigate liabilities associated with the recalls of more than 100 million of its airbag inflators, according to Bloomberg News.
Flooding Idles Audi’s Neckarsulm Complex
5/31/2016Audi AG hopes to resume production today at its manufacturing complex at Neckarsulm, Germany, after the region was flooded overnight Sunday.
Tata Motors Quarterly Profits Triple as JLR Sales Soar
5/31/2016Tata Motors Ltd. reports its revenue climbed 19% to 799.3 billion rupees ($11.9 billion) in the quarter ended March 31, thanks to a rebound in the Indian market and strong global demand for luxury cars and SUVs from its Jaguar Land Rover unit.
Peugeot Family Could Buy France’s Stake in PSA
5/30/2016The Peugeot family, which owns 14% of PSA Group, has indicated interest in buying at least a portion of the 14% stake in the company currently held by the French government, a source tells Reuters.
VW Targets Annual Sales of 1 Million EVs and Plug-ins by 2025
5/30/2016Volkswagen AG says it must sell about 1 million all-electric or plug-in hybrid vehicles per year by 2025 to meet carbon dioxide emission standards in its major markets.
Porsche Launches Digital Business Unit
5/27/2016Porsche AG has formed Porsche Digital GmbH, a business unit that will track trends in connectivity and “smart” mobility and look for new digital product and services.
MMC Extends Minicar Plant Production Halt in Japan
5/27/2016Mitsubishi Motors Corp. will continue to suspend operations at its Mizushima minivehicle factory in Japan through the end of June, sources tell The Japan Times.