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Airbus delays could leave German military without transport aircraft in 4 years

Delays to the Airbus A400M plane meeting its full specifications could leave the German air force without transport aircraft after 2021, according to a confidential report. “Given the under-financing of the programme and the compensation claims over delays in delivery, Airbus will not be able to make the necessary investments to make the needed improvements,” […]






Peugeot to test driverless cars in Singapore

French automaker PSA said Wednesday it was teaming up with nuTonomy to integrate the US startup’s software into one of its vehicles for on-road testing of fully autonomous cars in Singapore. nuTonomy will install its software, along with sensors and computing platforms, into customised Peugeot 3008 vehicles, with the vehicles expected to hit the streets […]






BMW says profits beat expectations in first quarter

German luxury carmaker BMW on Thursday reported first-quarter pre-tax profits that were sharply higher than expected, largely thanks to one-off financial effects. Profits before tax increased by 27 percent to 3.0 billion euros ($3.2 billion) in the period from January to March, compared with the same period a year earlier, the Munich-based group said in […]