COVID-19: Is this the end of the road for Renault?

If Renault does not secure financial assistance to help it through the COVID-19 pandemic, it could spell the end of the road for the 122-year-old French carmaker, according to Bruno Le Maire. In a radio interview on Europe 1, the French government’s finance minister reportedly said “Renault could disappear”. In France, sales were down 89 […]

Sportscar brand Aston Martin could see AMG chief come in as CEO

London: The sportscar maker Aston Martin Lagonda Global Holdings is poised to replace CEO Andy Palmer with the head of Daimler AG’s Mercedes-AMG performance division, Tobias Moers. In a statement, Aston Martin said it’s reviewing its management team and any announcement will “be made as and when appropriate”. The shakeup comes less than two months […]

VW owners in Germany can claim damages, court rules

Berlin: A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased vehicles with manipulated diesel engines – a major blow for the carmaker in its home market as it continues to reel from the emissions scandal. Germany’s highest court for civil disputes ruled those who purchased the vehicles in question are […]