On Friday, the Sweden-based automaker reported a 6% year-over-year increase in Volvo Cars’ July sales, reaching 57,447 units. This rise was primarily driven by a surge…
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IG Metall, Germany’s leading union, announced Friday that wage negotiations in October will seek a 7% salary increase from Volkswagen.The leading industrial union in Germany, stated…
China’s securities regulator approved Momenta Global Limited’s US IPO, as stated on Monday. Momenta intends to issue shares, listing on Nasdaq or NYSE, as stated by…
Hyundai Motor Co. Launches a New Chapter with IPO Hyundai Motor Co. to sell 17.5% shares on Mumbai exchange, potentially the country’s largest offering.The parent company…
On Friday, French automaker Renault and its Chinese partner Geely announced a highly anticipated joint venture, aiming to boost the competitiveness of their legacy vehicle industry.…
On Wednesday, China’s Geely Holding Group (GEELY.UL) announced that it will introduce several hybrid vehicles with its next-generation, more fuel-efficient engine. These vehicles are set to…
On Wednesday, Hyundai Motor Group, based in South Korea, announced that it will hire 80,000 new workers. Additionally, it will invest 68 trillion won ($51 billion)…
On Wednesday, Polestar announced securing a $950 million loan from a bank syndicate, filling a gap left by Volvo Cars’ decision to cease funding the electric…
On Monday, General Motors (GM) expanded its presence in the European market by unveiling its luxury electric Cadillac Lyriq in France. The move comes as the…
Volvo Cars (VOLCARb.ST) announced on Thursday that it would no longer fund Polestar Automotive Holding (A4N1y.F), handing over responsibility for the luxury car brand to China’s…