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Volkswagen launches Middle East regional headquarters in Doha

The German automobile manufacturer, Volkswagen (VW) has inaugurated its new regional headquarters at the Msheireb Downtown in Qatar’s capital city, Doha, and established a...

Qatar sovereign fund holds 4.69% stake in EV battery maker QuantumScape

Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA) has a 4.69 percent stake in the US-based electric vehicles (EV) battery manufacturer, QuantumScape Corp, according...

Huawei strikes largest automotive licensing deal with Volkswagen supplier

Chinese multinational technology company Huawei has reached a license agreement with a supplier of Volkswagen.  This would be the Shenzhen-based firm's largest licensing deal in the...

EU fines 4 major German car manufacturers $1bn over emission collusion

The European Union (EU) handed down $1 billion in fines to four major German carmakers accusing that they breached EU antitrust rules by restricting...

Supercar maker Rimac takes over Volkswagen’s Bugatti

Rimac Automobili, a Croatian electric supercar maker, has acquired a majority stake in the Volkswagen owned, Bugatti. Rimac will own a controlling 55 percent...

The all-new Ferrari 296 GTB lights up the space

Italian luxury sports car manufacturer Ferrari has unveiled the new 296 GTB, a plug-in hybrid car in an effort to stay relevant in a...

Volkswagen’s “not-for-sale subsidiary” receives $9.2bn bid: Report

Volkswagen (VW), the German automotive manufacturer, has received a $9.2 billion offer for its subsidiary Lamborghini, even though VW's Audi said the supercar brand...

Volkswagen eyes test drives of Al-powered self-driving vans in Germany

The German automobile manufacturer Volkswagen (VW) has announced that it would begin testing its new autonomous vehicles in Germany this summer. Argo Al, a US-based...
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