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Market fall driven mainly by a 41% drop in Hyundai’s sales due to industrial action.
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VW Group is facing a serious challenge from Chinese OEMs in China and in Europe.
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With a 20% stake and two board seats, Lower Saxony holds a blocking minority over major decisions at Volkswagen.
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The German carmaker sold its 45% stake in Bugatti Rimac and its 20.6% holding in Rimac Group.
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The Malaysian automaker reported strong demand at home and abroad for both Proton-developed and Geely-based models.
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A US survey conducted by JD Power finds that infotainment accounts for 25% of all vehicle problems and is the only category to worsen year over year.
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Ducati, which is part of Volkswagen’s Audi group, is among 600 businesses being assessed from the German carmaker’s 2,000 operations.
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The battery-powered flagship SUV strengthens an already broad BEV range.
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The engines assembled through the partnership are intended for defence vehicles produced by companies in the PGZ Group for the Polish Armed Forces.
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Hirain Technologies and Arbe Robotics have secured a contract from an unnamed automaker to supply imaging radar for a level 3 automated driving programme covering multiple brands within the group.
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