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DCG Managing Director Anthony Holbrook draws on executive Audi experience and market intelligence to close Southern California transaction Dave Cantin Group Advises Lithia & Driveway on Complex Sale of Downtown Los Angeles Audi and Volkswagen Dealerships Dave Cantin Group (DCG) advised Lithia & Driveway on the sale of Audi Downtown LA and Volkswagen of Downtown LA to Grace Motorcars, LLC, in a deal that closed Sept. 28. Pictured, left to right, at closing are: DCG Managing Director Anthony Holbr

Investing.com -- Munich-based carmaker BMW is targeting an automotive margin of 3% to 5% by 2028 in a recovery plan that follows a June profit warning linked to weakness in China.

Mobility provider Bolt cited Lucid’s “world-class platform,” but the two companies will co-design the vehicle and software.

QuantumScape Plunges to 52-Week Low as Investors Focus on 2029 Production Goal

VWAGY is expanding LFP battery production in Europe with Gotion, investing across Spain, Slovakia and Morocco to strengthen its battery supply chain.

Gotion is expected to invest about €1.59bn, while PowerCo – Volkswagen’s battery manufacturing subsidiary – will contribute approximately €1.62bn.

The German car giant Volkswagen is preparing to disclose a massive hit from the City watchdog's £9bn motor finance redress scheme, months after it joined a group of rivals in mounting a legal challenge to its implementation. Sky News has learnt that VW Financial Services has filed accounts at Companies House which are expected to show that it has set aside hundreds of millions of pounds to compensate motorists who were mis-sold products over a period lasting years. The accounts, which are expected to become public later this week, will provide the first indication of the size of the financia

Performance Brokerage Services, North America's highest volume dealership brokerage firm, is pleased to announce the sale of Genesis of Glenview, Illinois, to Joe Ghaben.

The aim is to cut vehicle weight and improve performance using LG Chem's acrylonitrile butadiene styrene (ABS) and engineering plastics (EP).

Volkswagen (XTRA:VOW3) and Audi are recalling more than 2.8 million vehicles worldwide over a potentially faulty steering gear screw connection. The recall affects multiple model years and regions, with Volkswagen notifying safety regulators and beginning to contact affected owners. Technicians are expected to inspect and, if needed, replace the steering gear screw connection to reduce the risk of steering issues. This large scale steering gear recall sits alongside the rest of our...