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FRANKFURT (Reuters) - Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler (DAIGn.DE). Daimler, which since 2013 has held a stake in a Hong Kong-listed BAIC subsidiary, said it welcomed the inves…

FRANKFURT (Reuters) - Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler . Daimler, which since 2013 has held a stake in a Hong Kong-listed BAIC subsidiary, said it welcomed the …

FRANKFURT (Reuters) - Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler . Daimler, which since 2013 has held a stake in a Hong Kong-listed BAIC subsidiary, said it welcomed the …

Volvo Cars is recalling 507,000 vehicles worldwide over a bum engine component that it claims could lead to an engine fire. However, according to the automaker’s own internal investigation, the more likely scenario involves the vehicles’ plastic intake manif…

So far, 2019 has been a great year for cars. At least, a great year for expensive aspirational machines like the Lotus Evija that cost about a bajillion dollars. But whos counting! On the other hand, it has decidedly not been a great year for poor Rich Energy…

In April this year we brought you the first spy shots of the facelifted 2020 Smart EQ Fortwo and now its time to see the more practical Smart EQ Forfour get the same treatment. Scheduled to arrive in the market at the end of this year following a world debut…

While on the way to selling 373,525 cars globally in 2010, then-Volvo CEO Stefan Jacoby said he believed the brand could double volume to 800,000 units by 2020. Having sold 340,826 Volvos around the world in the first half of 2019, current CEO Hakkan Samuelss…

Volvo is recalling almost 70,000 vehicles in the UK after discovering a fault that can cause the engine to catch fire. The Swedish car manufacturer said it is contacting all affected customers after issuing a warning notice on Monday saying that more than 50…

Theres a mid-engine Corvette out in the world now, but that doesnt mean the rest of the auto industry has stopped working. Theres a lot of development in China and more in The Morning Shift for Friday, July 19, 2019. 1st Gear: Toyota Partners with Chinese No…

Volvo is planning on reducing fixed costs by 2 billion Swedish kronor. That sounds like a lot, but it’s only about $214 million. While not the largest restructuring plan currently being conducted within the automotive industry, it’s a significant chunk of ch…