VW's ID Aero flagship electric sedan targets China, Europe and U.S.
The car will launch in 2023 as VW's "flagship" electric model, with a particular focus on China, where midsize sedans remain a vital segment. It will be built in China and Germany.
Read moreBMW to start $2B share buyback program in July
Most of BMW's repurchased stock will be cancelled to reduce share capital accordingly.
Read moreAlpine names 4 women to management board, in push for gender parity
Renault's sports-car brand is preparing to expand beyond a single model under Renault Group CEO Luca de Meo.
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