Despite shrinking overall markets, the Volkswagen Group grew its worldwide deliveries by 1.3 per cent to 10,974,600 vehicles in 2019. Market shares were expanded in all regions, in some cases significantly. Volume growth was achieved in Europe (+3.9 per cent) and South America (+3.2 per cent) while there were slight falls in North America (-0.5 [...]

Volvo Cars is working with a leading Chinese telecom provider to develop 5G and vehicle-to-everything (V2X) technology. It has agreed with China Unicom to work together in researching, developing and testing new automotive applications in areas such as safety, sustainability, customer convenience and autonomous driving. Henrik Green, chief technology officer at Volvo Cars, said: “Volvo [...]

Hyundai Motor Company and Kia Motors Corporation have announced a strategic investment of €100m in a new partnership with Arrival, a UK-based electric vehicle start-up. Through the partnership, Hyundai and Kia plan to use Arrival’s scalable electric platform to introduce competitively priced small and medium-sized electric vans and other products for logistics and on-demand ride-hailing [...]

Nissan is stepping up plans to split from Renault, according to reports. The Financial Times claims that preliminary discussions for a separation include a total divide in engineering and manufacturing. It is understood that should the two split, both car makers would seek alternative partnerships. This follows Carlos Ghosn’s recent flight to Lebanon from Japan, where he [...]

LKQ Corporation announced the execution of a definitive agreement to sell its equity interests in two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed. In May 2018, the European Commission cleared LKQ’s acquisition of STAHLGRUBER GmbH, with the exception of Stahlgruber’s two wholesale businesses in the [...]