Advertisement

VW plan total takeover of Porsche
car

VW plan total takeover of Porsche

Volkswagen are planning a total takeover of Porsche, revising earlier reports that VW was only buying half of the sports car giant, news magazine <i>Der Spiegel</i> said Saturday.
Auto parts firm Continental gets new boss
car

Auto parts firm Continental gets new boss

The supervisory board of German auto parts and tyre maker Continental said on Saturday its chairman would be replaced by a man backed by ex-rival Schaeffler, which took over the group this month.
BMW cuts 8,000 jobs
car

BMW cuts 8,000 jobs

German automaker BMW has announced it will cut some 8,000 jobs, despite the company's ample profits.