Polestar Precept will go into production at new plant

Output at Britain's car factories looks set to fall by around a third for the full year, the SMMT industry association said.

The U.S. Securities and Exchange Commission said from 2015 to 2019, the automaker inflated reported U.S. retail sales, which helped it close the gap between actual retail sales volume and internal targets.

Plants in Berlin and Stuttgart’s Untertuerkheim district are the focus of the Mercedes-Benz maker’s plans to revamp operations in anticipation of increasing production of EVs.

The comments from McLaren Automotive CEO Mike Flewitt came after additional lockdown measures come into force.

The automaker expects to hit its forecast of roughly flat sales year-on-year in the second half of 2020.

Winterkorn and other VW executives face charges for their role in allowing diesel cars with excessive pollution levels to be sold, and for failing to inform investors about the extend of the emissions fraud.

The biennial event, scheduled to take place in the fall of 2021, may have to be reimagined or possibly brought online, said Akio Toyoda, who serves as chairman of the Japan Automobile Manufacturers Association.

The automaker will make payments or donations totaling $6.5 million. A government inquiry found evidence that companies including VW had secretly aided the 1964-85 military dictatorship.

Wayne Griffiths takes over from acting president Carsten Isensee at VW Group's Spanish brand. Griffiths will remain CEO of the Cupra subbrand and remain Seat's sales and marketing chief for the time being.

The bond's proceeds will be used to fund electric cars, vehicle platforms and powertrain technology, as well as to increase production capacity for batteries and EVs.