EP, the industrial group owned by Czech billionaire Daniel Kretinsky, didn’t say what price was indicated or give any other terms of the approach, but said it looked forward to continuing to engage with the IDS board.

Volkswagen and XPeng have a new framework deal to co-develop electrified and digitized architecture to be used in VW brand EVs produced in China.

Uri Berliner is suspended after criticizing NPR in other outlet. “I’ve been hammering away at these things for years…and nothing has changed.”

The pause is the latest issue for the carmaker, which recently announced job cuts.

Revenue for the first three months of the year came in at €20.69 billion, down 2%.

Adidas raised its revenue and profit expectations after a better-than-anticipated first quarter.