Groupe PSA has launched “Citroën Finance” and “Citroën Lease”, in partnership with Axis Bank, India’s third largest private sector bank to offer retail finance and customized credit to Group dealers and ALD Automotive, a globally renowned automotive leasing and fleet management company to offer full leasing services to the final customers.  To enhance customer reach and market coverage, [...]

The ŠKODA AUTO led Volkswagen Group India, having secured the prerequisite regulatory and statutory approvals, announced the transformative merger of its three passenger car subsidiaries – Volkswagen India Private Limited (VWIPL), Volkswagen Group Sales India Private Limited (NSC) and ŠKODA AUTO India Private Limited (SAIPL). The merger of three former Volkswagen Group entities is an [...]

Henkel has reached a strategic material supply agreement with Carbon Revolution, the Australian manufacturer of one-piece automotive carbon composite wheels. The collaboration includes dedicated manufacturing facilities established at Henkel’s existing plant near Melbourne. Konrad Brimo Hayek, senior business development manager for Automotive Components at Henkel, said, ‘Based on a number of years of close collaboration [...]

The TRATON brands MAN, Scania, and Volkswagen Caminhões e Ônibus have committed themselves to an electro mobility offensive aimed at creating a complementing solution to the combustion engine. “Our goal is to become the leading provider of e-trucks and e-buses,” said Andreas Renschler, member of the board of management of Volkswagen AG and CEO of [...]

Dirk Große-Loheide, latterly head of group operations procurement, has been appointed member of the board of management of the Volkswagen Passenger Cars brand responsible for procurement. In his new function, Große-Loheide succeeds Stefan Sommer, who was previously in charge of this brand function in addition to his responsibilities as group board member for components and [...]