In a separate transaction, VW said it will pay 1.1 billion euros to acquire 26.5% of Guoxuan High-tech Co Ltd, a maker of electric vehicle batteries, becoming its biggest shareholder

The deals would make Volkswagen the latest foreign automaker to increase ownership in China since the government started to relax ownership rules in 2018 here with Germany's BMW AG quick to take control of its main local venture

Coronavirus crisis: Czech car maker Skoda Auto India launched three cars in one go on Tuesday including an all new mid size SUV Karoq priced at Rs 24.99 lakh

After the Rs 20 lakh crore Atma Nirbhar Bharat stimulus pacakage largely ignored the auto industry, the sector is now expecting some relief by way of GST reduction and scrappage policy

With a focus on India, Skoda Auto has developed the MQB-A0-IN platform variant on which models for Skoda Auto India and Volkswagen India are being built

Production suffered significant disruption as operations were suspended in different countries to protect workers' health and as a consequence of the marked fall in demand, the company said

Under the #VWellnessIndia programme, company's 137 sales and 116 service stations will be covered across the country

Ford shares were down more than 4.6% in after-hours trading on Tuesday after closing the regular session at $5.38

Coronavirus lockdown: Delhi govt allows plumbers, electricians, vets to resume workThe Delhi government has partially relaxed lockdown rules by allowing self-employed persons like plumbers, water purifiers, electricians to resume their jobs. Under the home ministry's guidelines, carpenters and motor mechanics are also allowed to work during the lockdown. In a 7-point order, the Delhi Disaster Management Authority (DDMA) has given a nod for inter/intra state travel (including air t...

Volkswagen began producing components in Braunschweig, Kassel, Salzgitter and Hanover in early April and resumed car manufacturing in Zwickau and Bratislava on April 20 and in Chemnitz on April 23

Companies want a temporary 10 per cent cut in tax on the sale of all automobiles and auto parts and incentives, in the form of tax rebates, for car owners to scrap their old vehicles, SIAM said

Car companies are making ventilators, sugar mills and liquor producers are bottling hand sanitisers, apparel makers are diversifying into masks and protective clothing, drug and drone makers are witnessing a surge in demand. The war against Covid-19 is already a Rs 12,000 crore economy

Total number of Covid-19 cases in Spain rose to 140,510, second only to the United States, and the death toll of 13,798 was behind only Italy's

Most companies have been operating in staggered shifts since the lockdown was announced. Automakers have shut down the production and told non-factory employees to work remotely during the lockdown

Skoda Auto VW India said the masks were certified and can be used in ICU while treating COVID-19 patient

Once the current crisis is over, auto companies expect sops to make parts in India. The aim is to diversify sourcing away from a single destination like China

Many companies had decided to phase out diesel variants of their cars from the line-up as the companies thought that upgrading existing models to the stricter emission standards would make the cars too expensive for consumers to buy

The new subsidiary would be led by the current president of the EV business, Shailesh Chandra from April 1 while the current managing director of the PV business unit Mayank Pareek will retire from the company in February next year

Pawan Goenka, the managing director of Mahindra and Mahindra's automotive division on Thursday, tweeted that company has embarked on a two pronged strategy to produce ventilators at its factories

At least 341 people have so far contracted COVID-19 in India and five deaths have been reported in country