Showing results 1 - 24 of 27313
Horn: Was Unaware of 'Defeat Devices' (10/8/15)
VW scandal: Horn denies knowing of 'defeat devices,' Mexico workers on edge, HQ raided; FCA to hike Tier-2 pay?; Trio of Toyota concepts; Tiny robot, big debut.
Older VW diesels will need software and hardware fixes, Horn tells lawmakers
WASHINGTON -- A software fix won't be enough to bring most of Volkswagen's 482,000 vehicles that violate diesel emissions rules into compliance with U.S. clean air laws, Volkswagen Group of America CEO Michael Horn testified in a congressional hearing today. Horn told lawmakers on a U.S. House ...
New FCA-UAW contract deal would raise Tier 2 pay to $29 an hour, report says
DETROIT (Bloomberg) -- Fiat Chrysler Automobiles is offering so-called second-tier United Auto Workers members as much as $29 an hour -- up from $25 previously proposed -- under a new tentative agreement which avoided a strike by 40,000 union members, two people familiar with the matter told ...
U.S. car and light-truck inventories, on Oct. 1
U.S. car and light-truck inventories, on Oct. 1 Inventory
U.S. Car and light-truck inventories, on Oct. 1
Inventory 1-Oct 1-Sep
Units 2015 2015
BMW div. car (I) 30,000 39 41
BMW div. trk. (D/I) 8,000 28 29
Total BMW div. (D/I) 38,000 36 37
Canada light-vehicle sales by nameplate, Sept. and YTD
Canada light-vehicle sales by nameplate, Sept. and YTD Sheet1
Canada Car and Light-Truck Sales, SEPT. & YTD
Sept. 9 mos.
Sept. Sept. percent 9 mos. 9 mos. percent
2015 2014 change 2015 2014 change
1 series (I) 0.0 0.0 0.0 3 2 50.0%
2 series (I) 143 101 41.6% 1,186 567 109.2%
Canada light-vehicle sales by make, Sept. and YTD
Canada light-vehicle sales by make, Sept. and YTD Sept. 2015
Canada sales by make, SEPT. 2015
(ranked by total
3 Nishikawa Rubber execs indicted by U.S. for price-fixing
WASHINGTON (Reuters) -- Two former executives of Nishikawa Rubber Co. and one current executive from the company were indicted on Thursday for allegedly conspiring to fix the prices of weather-stripping and rubber seals for cars made in the United States. The U.S. Justice Department identified the
VW's 2016 diesel sales 'months' away
WASHINGTON -- Volkswagen of America isn't expected to begin selling 2016 models with 2.0-liter diesel engines for several months as the EPA plans to subject the vehicles to a battery of tests to ensure they comply with U.S. emissions laws before sales can begin. Chris Grundler, director of the ...
Ferrari pushing for $12.4 billion valuation in stock offering, report says
MILAN (Bloomberg) -- Ferrari's coveted status as a maker of cars for the super rich is helping push up its value in an initial public offering to as much as 11 billion euros ($12.4 billion), people familiar with the matter told Bloomberg. Based on talks with possible investors, Ferrari could be ...
Audi's global sales rise 7% despite diesel-emissions scandal
MUNICH (Bloomberg) -- Audi's global sales rose nearly 7 percent in September despite the diesel emissions-rigging scandal that has affected the brand's A3 compact hatchback and Q5 midsize SUV. Deliveries at the Volkswagen Group unit were up 6.8 percent to 170,900 cars last month, lifted by demand
Volkswagen offices raided by German prosecutors
BERLIN (Reuters) -- German prosecutors raided Volkswagen's headquarters and other offices today as part of their investigation into the carmaker's rigging of diesel emissions tests. Prosecutors from Brunswick, close to the German company's home town of Wolfsburg, said they were targeting documents
Aston Martin to cut jobs as part of turnaround
LONDON (Reuters) -- Aston Martin is planning job cuts as part of a restructuring that will involve the company expanding into electric vehicles and crossovers. "There will be a net reduction in the overall workforce at the company," said a spokesman on Thursday, adding that the cuts would be ...
Mitsubishi's EV crossover concept shows off new design language
TOKYO -- Mitsubishi Motors Corp. will roll out an all-electric compact crossover concept at the Tokyo Motor Show that showcases its new design language and automated driving ambitions. The eX Concept embodies Mitsubishi's rugged new Dynamic Shield styling while packing in technologies, such as ...
Next step for UAW, FCA (10/8/15)
Strike averted, UAW plans vote on new FCA deal; '16 VW diesels delayed; U.S. CEO previews testimony; GM's new family spiff; Mitsu EV concept; Chevy Traverse's world of comedy; Neiman-Marcus Mustang.
Suppliers shouldn't pay for VW diesel scandal, executive says
FRANKFURT (Reuters) -- Volkswagen should not try to make up for the costs of its emissions scandal by putting pressure on suppliers to lower their prices, the head of a German engine parts maker ElringKlinger andnbsp;said today. The company supplies various components including gaskets, battery and
Audi picks ex-China boss to replace de Meo as sales chief
FRANKFURT -- Audi has picked its former China boss, Dietmar Voggenreiter, as its new sales and marketing chief to succeed Luca de Meo. The move, which takes effect Nov. 1, rewards Voggenreiter for his contribution in making China the brand's single-largest market. During Voggenreiter's nearly nine
VW cheat software was switched on in Europe, report says
FRANKFURT (Reuters) -- Volkswagen's software used to cheat emissions tests was switched on in diesel vehicles in Europe, German daily Sueddeutsche Zeitung reported today. VW admitted last month to cheating U.S. emissions tests and has since said about 11 million cars worldwide had the software ...
Merkel sides with auto industry in bid to protect jobs
STRASBOURG, France -- German Chancellor Angela Merkel says she believes Volkswagen is doing its best to clear up its diesel emissions scandal and urged a member of the green lobby not to condemn the broader auto industry, warning this could put thousands of jobs at risk. Addressing the European ...
VW picks Skoda randd chief to run technical development, report says
BERLIN (Reuters) -- Volkswagen Group will pick Skoda development chief Frank Welsch to replace suspended executive Heinz-Jakob Neusser as head of technical development at the VW brand, Auto Motor und Sport reported , citing officials at VW. Neusser was suspended last month together with Audi randd
Toyota at Tokyo show -- sporty, green, retro and sci-fi concepts
TOKYO -- Toyota Motor Corp. is going big at the Tokyo Motor Show this month, with an eclectic display parading everything from a snappy compact sports car and futuristic hydrogen vehicle to a whacked-out retro concept and pocket-sized humanoid robot. The array reflects the automaker's desire to ...
So long side mirrors, hello cameras
Audi and Mercedes-Benz are among the automakers that believe they will be able persuade legislators in key global markets that side mirrors need to be replaced by cameras to make future models more aerodynamic, which will boost fuel efficiency. Audi showed its vision of the solution with the ...
UAW touts 'significant gains' after securing deal with FCA at deadline
The UAW and Fiat Chrysler reached another tentative agreement on a new labor contract early this morning, averting a threatened strike that could have sent some or all of FCA's 40,000 unionized workers off the job. The union, in a statement , said its bargaining committee "secured significant ...
GM to recall 31,685 SUVs in North America
(Reuters) -- General Motors said it would recall 31,685 SUVs in North America to repair a manufacturing defect in the windshield wiper motor that may overheat. GM, in an Oct. 2 filing , told the U.S. vehicle safety regulator National Highway Traffic Safety Administration it will recall certain ...
Why trouble for VW made in Germany means Mexico headache
MEXICO CITY (Bloomberg) -- As Germany warns of a disaster for domestic employees of Volkswagen AG, fallout from the company's emissions-cheating scandal threatens to reach Mexico operations -- its largest producer of cars for the U.S. VW has already cut Saturday shifts at its Puebla factory, the ...