The German state of Bavaria will sue Volkswagen for damages following the emissions scandal. It becomes the first regional government in VW’s home country to take legal action, but it continues a recent trend after US states Maryland, New York and Massachusetts announced a fortnight ago they would take VW to court. South Korea is [...]

Italy and Spain both recorded a deceleration in the car market in July, with two fewer working days a contributing factor. Passenger car registrations in the Italian market grew by 2.9% year on year during July, according to the latest data published by UNRAE. The number registered reached 136,275 units versus 132,485 last year. Despite [...]

The BMW Group recorded its best ever quarterly sales volume and net profit figures between April and June. Harald Krüger, Chairman of the Board of Management of BMW AG, said, ‘We sold more vehicles in the second quarter than ever before and achieved record earnings. We are growing profitably while simultaneously implementing our strategy step [...]

Uber China with Didi Chuxing have agreed terms to merge the two ride-hailing mobility services in China. In the move, Didi will acquire Uber China and see Uber exit the country, although continue to oversee its own app. The merger will value Didi at $35 billion. Uber China investors will get a 20% stake in [...]

Axalta Coating Systems has opened its new Europe, Middle East and Africa (EMEA) headquarters in Basel, Switzerland. Members of Axalta’s EMEA leadership team, who had been located in different offices, have all been in the new Swiss premises as of 1 July 2016 when the regional headquarters became fully operational. Matthias Schönberg, Axalta vice president [...]