German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10%, by 2025 as a result of a slump in demand, according to a memo on Thursday.
French car maker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a turnaround plan to cope with slumping demand and excess costs, a representative for the CFDT union said after meeting with the company on Thursday.
Closely-watched talks between top German politicians and car industry representatives to discuss support for a sector hit hard by the coronavirus crisis will no longer take place on Tuesday, the head of the VDA car association told Bild.
Albemarle Corp said on Thursday it wants to take control of Australia's Greenbushes, the world's largest lithium mine, signaling it intends to block any rival from buying Tianqi Lithium Corp's controlling stake.
Volkswagen said on Thursday its supervisory board had approved several projects in a multibillion-dollar alliance with Ford Motor that was first announced last July.
Prime Minister Boris Johnson said on Thursday the conditions had been met to slightly relax the coronavirus lockdown in England from June 1. Below are details.
Germany's biggest labor union criticized Volkswagen on Thursday for a recent advert deemed racist and other "errors", saying management had damaged the carmaker's reputation and put jobs at risk.
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.
Spain said on Thursday it would do everything possible to stop Nissan from closing its main car factory in the country as angry workers burned tyres and shouted "War" outside the Barcelona plant.
German automaker Volkswagen AG has become the biggest shareholder of China's electric vehicle battery maker Guoxuan High-Tech Co Ltd with a 26.5% stake, Guoxuan said in stock exchange filings on Thursday.
Spain will do everything it can to get Nissan to reverse its decision to close its Barcelona plant, Foreign Minister Arancha Gonzalez Laya said on Thursday.
China's Geely Automobile Holdings Ltd has launched an $836 million-$859 million placement of 600 million new shares, according to a term sheet seen by Reuters.
Electric vehicle (EV) maker Nio Inc's chief executive said it may list its new Nio China entity, as the cash-strapped company eyed a rebound after selling fewer vehicles during the coronavirus outbreak.
Nissan Motor Co has agreed to settle a long-running dispute with the Indian state of Tamil Nadu after claiming it was owed 50 billion rupees ($660 million) in unpaid dues and damages, six sources told Reuters.
Venezuelans struggling to cope with chronic fuel shortages are jury-rigging vehicles to run on cooking gas cylinders, a practice industrial safety experts describe as dangerous and which has led to at least one explosion.
Nissan Motor Co's cash situation is "tough" as the coronavirus has sapped car sales, and the automaker must be vigilant in the coming months as a second wave of infections may add to liquidity issues, CEO Makoto Uchida told Reuters on Thursday.
Formula One team owners McLaren saw group revenues reverse from 284 million pounds ($348.13 million) to 109 million in the first quarter of 2020 due to the COVID-19 pandemic, results on Thursday showed.
Nissan Motor Co intends to close its Barcelona main plant and two nearby facilities starting from December 2020, but it will keep open two facilities in northern Spain, the chairman of Nissan in Europe, Gianluca De Ficchy, said on Thursday.
General Motors Co and Ford Motor Co are using fast-payment programs set up with financial lenders to help cash-strapped small suppliers survive production shutdowns caused by the coronavirus pandemic.