VW teases electric flagship showing a sleek four-door fastback

Canadian billionaire Lawrence Stroll said success in Formula One will help the automaker sell more road cars.

Brembo said it was confident about 2021 despite the ongoing uncertainty due the pandemic, citing its order backlog at the start of the year and its production plants running at full capacity.

Company shareholders will decide on the distribution of the 39 percent stake and the $368 million raised from a previous equity sale in the supplier.

The Taycan Cross Turismo offers more cargo space and headroom than the Taycan electric sedan. The quickest variant accelerates from 0-100 kph (62 mph) in 2.9 seconds.

CNH Industrial is considering alternatives to a planned spin-off and separate listing of its truck and bus business and said that it was in talks with FAW over Iveco's future.

Skoda said it will reduce staff without compulsory layoffs, thanks to "demographic curve development and natural fluctuation."

The brand would consider joining the racing series if future engine regulations promote sustainable fuels, the BBC reported.

Car showrooms have been forced to close their doors to the public during coronavirus lockdown measures, although many dealers have tried to use online services to continue operations.

Hyundai has revised quarterly earnings despite reports that LG Chem will pay most of the estimated $900 million costs for the recall.

The Aygo successor will be sold with a combustion engine and is not expected to get a full-electric version, even though rivals are targeting the segment with battery-powered cars.