Mercedes maker Daimler targets €1 billion in savings with job cuts
The German automaker has warned that tougher emissions rules in the EU will hurt its profits over the next two years. Daimler is struggling with falling profits as it looks to make a costly switch to electric vehicles.
The strolling car
South Korean automaker Hyundai has made a major move into the future with a car that can walk and climb on wheeled legs. The 'Elevate' vehicle was designed with first responders in mind will allow anyone navigate complicated terrains after an accident or natural disaster.
BMW Plans to Take Majority Control of China JV
BMW AG is reportedly set to become the first foreign automaker to take control of its joint venture in China.