Showing results 1 - 25 of 26959
VW diesel used-car prices in Europe not affected by emissions scandal, survey shows
LONDON (Reuters) - The emissions-cheating scandal shaking Volkswagen has not affected the price of used VW diesel cars in Europe, a car valuation firm said, while warning that this could change later in the year. EurotaxGlass's surveyed used-car prices in 30 European countries and found that ...
VW brand faces full-year loss on scandal costs, report says
HAMBURG/BERLIN (Reuters) -- Volkswagen's core autos division will likely plunge into a loss this year as it is set to shoulder the bulk of the costs from the fallout of the company's rigging of diesel emissions tests, two company sources told Reuters today.andnbsp; VW's namesake brand accounts for
Tesla CEO Elon Musk says fired employees go work for Apple
Elon Musk called Apple a "Tesla Graveyard" where his fired employees go to work. The Tesla CEO, in an interview with German newspaper Handelsblatt , dismissed the notion that Apple hires top engineers away from his company. "If you don't make it at Tesla, you go work at Apple," he said in the ...
VW brand faces full-year loss on emissions rigging costs, report says
HAMBURG (Reuters) -- Volkswagen's core autos division will likely plunge into a loss this year as it is set to shoulder the bulk of the costs from the fallout of the company's rigging of diesel emissions tests, two company sources said. VW's namesake brand accounts for about 5 million of the up to
A Stanford professor's quest to fix driverless cars' major flaw
PALO ALTO, Calif. (Bloomberg) -- It's nothing more than a dune buggy on a cordoned-off street but it's headed for trouble. A jumble of sawhorses and traffic' cones simulates a road crew working over a manhole and the driverless car has to make a decision -- obey the law against crossing a ...
Texas sues VW claiming deception, diesel pollution
(Bloomberg) -- Texas joined the Volkswagen litigation bandwagon, accusing the company's U.S. unit of violating state consumer protection laws and clean air standards by using rigged software in some of it diesel vehicles. The state's claims, in two lawsuits filed Thursday by Texas Attorney General
VW Diesel Delay 'Several Months' (10/9/15)
VW diesel delay to last 'several months,' Horn: Hardware fixes needed, Texas sues; Musk: Apple 'The Tesla Graveyard,'; Lexus fuel-cell car?; NADA's gripe.
Russian car sales plunge as automakers raise prices
MOSCOW (Bloomberg) -- Russian car sales plunged more than forecast in September, slumping the most in three months as a weaker ruble pushed automakers to raise prices. Sales of new cars and light commercial vehicles contracted 29 percent to 140,867 from a year earlier after a 19 percent drop in ...
VW will recall 100,000 vehicles with emissions-cheating devices in Australia
SYDNEY (Reuters) -- Volkswagen Group says it will conduct a voluntary recall of vehicles in Australia fitted with devices designed to cheat emissions tests, as it increased the estimated number of affected cars to nearly 100,000. VW Group Australia on Friday said its head office in Germany had ...
Volkswagen's U.S. boss blames 'individuals' for cheating
BERLIN/WASHINGTON (Reuters) -- Volkswagen's rigging of diesel emissions tests was not a company decision but the result of actions by a small number of engineers, its top U.S. executive said. "To my understanding, this was not a corporate decision; this was something individuals did," Michael Horn,
Volkswagen guarantees 4.2 billion euro investment in Spain, minister says
MADRID (Reuters) -- Volkswagen Group has guaranteed a 4.2-billion euro ($4.8 billion) investment in its Seat brand and VW plants in Spain, despite vowing to cut costs to cover the expense of a scandal over rigged emissions tests. "Yesterday I had a meeting in Germany with the [VW] chairman and he
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 ...
Volkswagen offices raided by German prosecutors
BERLIN (Reuters) -- German prosecutors raided Volkswagen's headquarters and other offices 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 and ...
Range Rover plans limited run of Evoque cabrios
LONDON -- Land Rover will unveil the Range Rover Evoque Convertible at the Los Angeles auto show next month. Land Rover will start sales of the open-air SUV next spring in most of the markets where the hardtop Evoque is available, a company spokeswoman said. This will include Europe, the U.S. and
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
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 ...
VW's emissions cheating has taken the gloss off my Touran
Last year I bought a 2011 Volkswagen Touran 1.6 TDI with the promise of super-frugal motoring, clean diesel technology and a zippy little engine. But now the gloss is wearing off the VW badge on my minivan. For three long weeks I've watched the whole emissions crisis evolve with a sinking heart, ...
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
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.
Lexus plans global debut of new concept in Tokyo
TOKYO -- Lexus is promising a new concept car at this month's Tokyo Motor Show but is holding back details until the unveiling. The vehicle may preview a luxury hydrogen fuel cell car. The powertrain choice would tap a push by parent company Toyota Motor Corp. to expand the use of fuel cells. ...
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
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%
3 Nishikawa Rubber execs indicted by U.S. for price-fixing
Three executives affiliated with Japanese supplier Nishikawa Rubber Co. were indicted in federal court for their alleged roles in the auto supply chain's ongoing price-fixing scandal. Keiji Kyomoto, Mikio Katsumaru and Yuji Kuroda are accused of conspiring to fix prices and rig bids for weather ...
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 ...