Diesel Debacle Central
- COLUMN-Volkswagen’s cheating and China’s exports showcase diesel woes: Russell – Reuters: LAUNCESTON, Australia, Sept 22 (Reuters) – – It may seem to be stretching a rather long bow to link the overbuilding of refining capacity in Asia and the Middle East to Volkswagen’s woes in the United States, but the common thread is the threat to diesel’s dominance of the oil barrel.
- European shares down, Volkswagen extends losses as probe spreads – Reuters: European equities retreated early on Tuesday after strong gains in the previous session, with Volkswagen leading the market lower after its emissions-cheating probe spread to Asia.
- Swiss investigate possible sale of VW diesel cars in Switzerland – Reuters: … Roads Office is investigating whether the same type of Volkswagen AG diesel cars that were sold in the United States were also sold in Switzerland,…
- Volkswagen emissions-cheating scandal needs EU inquiry-French minister – Reuters: A European Union-level inquiry is needed into the emissions-cheating scandal at German carmaker Volkswagen AG and the probe should be extended to French carmakers too, French Finance Minister Michel Sapin said on Tuesday.
- Volkswagen CEO’s History of Sweating the Details Now Haunts Him – Bloomberg: While the U.S. probe focuses on a relatively small number of cars for a company that sold more than 10 million vehicles last year, the admission that…
- Germany’s Bosch makes VW’s US diesel components – spokesman – Reuters: UL] said on Tuesday it had delivered components, so-called common jail injection systems, to Volkswagen (VOWG_p.DE) cars that are now at the…
- Volkswagen Emissions Probe Could Widen – WSJ: Investigations into Volkswagen’s alleged manipulation of U.S. emissions tests should widen to include the entire auto industry, German and French officials said, as regulators begin to ponder whether such trickery is more widespread.
- VW Sets Aside $7.3 Billion to Pay for Emissions Crisis – Bloomberg: We must fix the cars to prevent this from ever happening again and we have
- EU Commission in contact with VW on emissions tests – Reuters: The European Commission is in contact with Volkswagen AG and U.S. authorities following the recall of VW cars but believes it is premature to comment on whether any specific checks on VW vehicles and their emissions is needed in Europe, a spokeswoman said on Tuesday.
- VW to replace CEO amid emissions scandal – Tagesspiegel – Reuters: Volkswagen is to oust Chief Executive Martin Winterkorn after U.S. authorities late last week accused the German carmaker of rigging emissions tests, German daily Tagesspiegel reported, citing supervisory board sources.
- Volkswagen denies report about CEO ouster – Reuters: Volkswagen denied a media report that said Chief Executive Martin Winterkorn was to be replaced amid an emissions scandal that has rocked the company.
- Are we about to see the death of diesel? – Autocar: The VW emissions scandal could see a fall in the popularity of diesel engines, and this is no bad thing reckons Hilton Holloway I’m as much to blame as anyone to make this right. This kind of behavior is totally inconsistent with our…
In other news:
- Nissan gives Altima a midcycle jolt for 2016 – Automotive News: The 2016 Altima, which goes on sale in mid-November, receives a restyled body, new front and rear lights, new wheel designs, a revamped interior and new center stack, reshaped seats and new interior materials.
- Report: A Lexus LFA successor with 800hp from Toyota and BMW is on the drawing board – Egmcartech: Japan’s top brass proved Toyota Motor Corporation didn’t relegate their entire reputation to building senseless, uninteresting automobiles, resulting in…
- VW emission scandal widens: 11 million cars affected – Freep: Volkswagen to set aside $7.3 billion, making it one of the most expensive automotive scandals in recent memory.
- US: Apple sets 2019 target for electric car – report – Just-auto: Apple is reportedly accelerating its efforts to build an electric car. The Wall Street Journal said that the project has now been designated within Apple as a ‘committed project’ with a target shipping date of 2019.
- S&P 500 Futures Fall With Europe on Fed Confusion; Fiat Retreats – Bloomberg: Volkswagen AG’s diesel-emissions cheating scandal continues to rattle global auto stocks, sending Fiat Chrysler Automobiles NV 7.6 percent lower in…
- GERMANY: Schaeffler prepares for flotation – Just-auto: Privately controlled Schaeffler is gearing up for a public listing in Frankfurt. It said it will place up to 166 million new and existing non-voting common shares of Schaeffler AG with institutional investors and to list these shares on the Frankfurt Stock Exchange.
- FRANKFURT: Downsizing to drive CO2 reduction: Valeo – Just-auto: Valeo says it strongly believes downsizing will help it achieve increasingly ambitious CO2 targets both currently in force and mooted for the future.
- THAILAND: Vehicle sales fall 10% in August – Just-auto: Thailand’s new vehicle market continued to struggle in August with sales falling by 9.9% year on year to 61,991 units compared with 68,835 units in the same month of 2014, according to data released by industry sources.
- JAPAN: Fuji Heavy adds $140m to US plant expansion spend – Just-auto: Fuji Heavy Industries’ subsidiarySubaru said it plans to spend an additional US$140m on its Lafayette car plant in Indiana, US, over the next two years to expand capacity.The automaker in 2013 announced a US$400m spend to add an assembly line for the Impreza sedanwhich is scheduled to go into production at the end of 2016.
- Ford Figo hatchback India launch on 23 September, more images released online [PHOTOS] – Ibtimes: Ford India is gearing up for the launch of its Figo hatchback on 23 September (Wednesday) just 40 days after it launched the Figo Aspire compact…
- Use of cheap robots in car production to shift car making business from China to US – Ibtimes: A 2015 Audi TTS is seen during preparations for the 2014 LA Auto Show in Los Angeles, California November 18, 2014. Reuters/Lucy Nicholson.
- Apple is aiming to ship an electric car by 2019 – Fortune: Apple Inc AAPL 1.67% is stepping up its efforts to build an electric car, … giants of the auto industry in wanting to bring an electric vehicle to market, but…
- Autocar confidential: Aston Martin, Ferrari, Rolls-Royce, Volkswagen – Autocar: Our reporters empty their notebooks to round up this week’s gossip from across the automotive industry Ferrari F12-based Berlinetta Lussos sold outMilanese coachbuilder Touring Superleggera has sold all five of its bespoke, Ferrari F12-based Berlinetta Lussos, company boss Piero Mancardi confirmed at the car’s UK debut at the recent Concours of Elegance in Edinburgh. The first example will soon be shipped to its owner in Asia, and it will be another 12 months before the next car is completed.Re