Stefan Sommer

4 results

Volkswagen chief executive  Herbert Diess  will pass the leadership of the core brand VW to the former co-managing director Ralf Brandstätter. Photograph: Alexander Koerner/EPA

Volkswagen chief executive Herbert Diess apologised to the company’s supervisory board for having made “inappropriate and wrong” statements at an inte(...)

Carmakers are unlikely to pass on extra costs to consumers in a recession, forcing manufacturers to absorb them, even as they haemorrhage cash because of factory closures and collapsing sales.

VVolkswagen says the cost of crucial car components has risen sharply because of the coronavirus outbreak, putting further pressure on profits as the (...)

A rise in the cost of car components is putting further pressure on profits in the car industry. Photograph: Gareth Fuller/PA Wire

Volkswagen says the cost of crucial car components has risen sharply because of the coronavirus outbreak, putting further pressure on profits as the i(...)

The privately-held German company said it would pay $105.60 for each TRW share, representing a premium of 16%.  Photograph: Peter Steffen/AFP/GettyImages

ZF Friedrichshafen has agreed to acquire US rival TRW Automotive for $13.5 billion, including debt, as the German car parts supplier looks to build gl(...)