Berlin - German motor industry supplier Continental Wednesday rejected a takeover offer from the Schaeffler Group, saying the bid by the family-owned bearing maker did not reflect its full value.
Berlin - European vehicle sales plummeted 7.9 per cent in June, data released Wednesday showed, with Asian carmakers helping to lead the fall as surging fuel prices and growing economic concerns h
Ingolstadt, Germany - Audi has announced that its new compact SUV, the Q5, will be available in European showrooms by autumn 2008 with the basic model selling for 38,300 euros (60,000 dollars).
Munich - BMW is planning to launch its fifth generation flagship 7-Series at the Paris Motor Show in October with a sleek design to make the car look narrower than its predecessor.
Volkswagen,
