Month: January 2023

Volkswagen Group sees investments in new software and electric-vehicle technology peaking in the next two to three years with a goal of making significant returns from battery-powered models from then onward. By 2026, the automaker will be making “hardly any” investments in legacy combustion-engine technology, VW Chief Financial Officer Arno Antlitz said in an interview
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NEW YORK- U.S. lender Citizens Financial Group cut back on auto lending last year and plans to further reduce its exposure to the segment as it becomes cautious on certain businesses as it factors in risk of a recession, its chief executive officer said in a interview. Moody’s Investors Service late last year cut the
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PARIS —   Renault and Nissan are rebalancing their troubled alliance in what could be a major step in reviving their alliance. But for the French automaker the benefits of the revamp are for now unclear and potentially quite limited, three industry sources said. The automakers on Monday announced a deal that will see Renault
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Less than three years after being booted from California for violating the state’s franchise laws, Volvo Cars is reviving a vehicle subscription program in a key U.S. market. The latest program, slated to launch next month, ends a four-year battle between Volvo and its California dealers to introduce the service that now bundles vehicle use,
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