Top News:
- Koreans to rule on VW Group certification revocation – Just-auto: South Korea’s environment ministry said on Monday it would decide later this month whether to revoke the certification of 32 Volkswagen Group vehicle models after prosecutors accused the carmaker of fabricating documents on emissions and noise level tests.
- Government launches major consultation on the future of autonomous cars – Autocar: New measures set to bring insurance law and motoring regulations in line with the fast-paced development of autonomous technology
- VW to pay California emissions penalties of $86m – Just-auto: Volkswagen will pay an additional US$86m in penalties to California over its emissions scandal, on top of a settlement of $14.7 billion the automaker reached with US officials earlier, state attorney general Kamala Harris said.
- China car sales buck fears of slowdown – FT: Car sales in China have bucked fears of a slowdown during the first six months of this year, partly due to rising demand for sport utility vehicles.
- Porsche eyes healthy profit margin – Just-auto: Porsche aims to keep its profit margin running at a double-digit percentage of sales in the coming years, benefiting from more efficient production while boosting spending on its first all-electric car, chief executive Oliver Blume has said.
- Jaguar Land Rover confirms more SVO models are on the way – Autocar: Special Vehicle Operations division will release fourth model this year from its new, £20m technical centre
- Germans want VW to face profit-related fine – Just-auto: German prosecutors are demanding Volkswagen face a fine based on the level of the profits the carmaker made from selling 11m vehicles equipped with manipulated engine software, newspaper Sueddeutsche Zeitung said.
- VW’s Diesel-Cheat Profits Risk Seizure Under German Probe – Bloomberg: Volkswagen AG risks having the profits from diesel-emissions cheating seized as part of the criminal probe targeting suspects at the carmaker.
- PSA signs new agreement with five unions – Just-auto: PSA Group has signed a new ‘momentum for growth’ performance agreement with five of the group’s six trade unions: CFE/CGC, CFTC, CFDT, FO and GSEA.
- Volvo keeps Indian assembly on hold – Just-auto: Volvo Cars is keeping plans for local assembly in India on hold because current sales volumes are not high enough to justify the cost of a plant.
- South Korea to decide soon whether to cancel certification of 32 Volkswagen models – Reuters: If the ministry decides to nullify the certification of the affected models from Volkswagen, Audi and Bentley, they will be suspended from sale in the …
- China Car Sales Look Shiny, on the Surface – WSJ: China’s car market grew at its fastest pace in six months in June, driven by a tax break-but the rise was padded by a weak year-earlier…
- UK consults on insurance, driving rules for autonomous cars – Reuters: Chancellor George Osborne announced plans in March to test vehicles on motorways and said the government would bring forward proposals to …
- BMW i3 sales boosted by German EV subsidies, report says – Automotive News: BMW has recorded rising sales of the latest version of its electric car, the i3, following Germany’s decision to offer EV subsidies,…
- Honda NSX Type R and all-electric models planned – Autocar: Honda NSX Type R Autocar rendering
- Isuzu to build pickup trucks for Mazda, ending Ford collaboration – Just-auto: Isuzu is to build Mazda’s next generation pickup truck on an OEM basis, ending a collaboration with Ford that dates back to the late 1970s.