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Latest Articles in german carmaker

Volkswagen To Hike Polo, Vento Prices From Wednesday

As part of its commitment towards customers, Volkswagen will offer protection from the price increase to customers, who have booked their vehicles by August 31, it added.

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Pandemic Dents BMW 2020 Profit, Despite China-Lead Rebound

BMW sales in China rose 7.4% in 2020 versus 2019, mostly offsetting declines in other regions.

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Volkswagen Operating Profit Drops By Half In 2020

Sales at the German carmaker rose 1.7% in December, while new car registrations by the sector as a whole in Europe dropped nearly 4%, data from the European Automobile Manufacturers' Association showed.

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BMW Says Third-Quarter Cash Flow In Auto Segment Was Above Expectations

Free cash flow amounted to 3.07 billon euros ($3.61 billion) in the third quarter, up from 714 million euros ($840.16 million) in the year-earlier period

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BMW Motorrad Enters Cruiser Segment With Launch Of All New R18 Model

The BMW R18 comes in two variants, priced at Rs 18.9 lakh and Rs 21.9 lakh, respectively (ex-showroom).

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BMW To Source Battery Cells Produced Using Renewable Energy

CATL is building a battery cell production plant in Erfurt, Germany, and has said it aims to produce 60 gigawatt hours (GWh) worth of cells a year from 2026 onwards.

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Volkswagen To Close Factories In Mexico To Protect Public Health

The company also pointed to slowing demand and the risk of shortages of parts as factors in the decision to suspend production in the factories.

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VW Considers Temporary Layoffs In Spain If Coronavirus Disrupts Supply

The deal with the two main unions - which has yet to be signed - agrees on a potential temporary layoff of a number of workers at any time in 2020.

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Daimler Slashes Its Dividend Following Third Profit Warning

Daimler said its net profit fell to 2.7 billion euros, down from 7.6 billion euros in the year earlier, despite record deliveries of Mercedes cars that saw the brand retain its title as the world's top-selling premium automaker.

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Daimler Names R&D Head As Next CEO, Zetsche To Become Chairman

Daimler said Ola Kaellenius would become chief executive in 2019 and Dieter Zetsche would, if shareholders approve, become chairman of the supervisory board in 2021, following a standard two-year cooling off period.

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BMW Aims To Meet Forecasts After Q1 Profit Boost

German luxury carmaker BMW on Thursday said it was “confident” of achieving its objectives for 2017 after it reported a leap in profits in the first three months

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