Top News:
- VW Reaches $1.2 Billion Settlement Over Audi, Porsche Diesels – Bloomberg: Volkswagen AG agreed to pay $1.2 billion to resolve U.S. consumer claims over … The deal covers VW Touaregs, several Audi models and Porsche…
- Uber, Daimler strike partnership for self-driving cars – Detroitnews: Daimler AG, the manufacturer of Mercedes-Benz, has struck an agreement with Uber Technologies Inc. to include the German company’s self-driving…
- Toyota still has global bragging rights over VW in one important area – Automotive News: Forget all the hoopla this week about Volkswagen ousting Toyota as the world’s biggest automaker. Rest assured, Toyota is still No.1
- With new hybrid, Nissan offers cheaper route to electric cars – Reuters: Nissan Motor Co has taken a step back into gasoline hybrids with its Note e-Power model, which the Japanese automaker hopes will act as a gateway for drivers who will later shift to all-electric cars.
- VW to Pay $1.2 Billion to US Vehicle Owners – WSJ: Volkswagen AG has agreed to pay at least $1.2 billion in compensation to owners of about 80,000 3.0-liter diesel vehicles affected by the company’s…
- Toyota will run Mirai Super Bowl spot in L.A., San Francisco – Automotive News: Toyota isn’t running a national Super Bowl spot this year, but the brand plans to showcase the hydrogen-powered Mirai on a smaller stage in California.
- VW, Robert Bosch agree to pay $1.55 billion to settle U.S. diesel claims – Reuters: Volkswagen AG has agreed to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting U.S. 3.0 liter diesel-engine vehicles to settle claims it fitted illegal emissions-cheating software to the cars, court documents showed.
- Volkswagen reaches settlement agreements with private plaintiffs and U.S. Federal Trade Commission in US – Reuters: * Reaches settlement agreements with private plaintiffs and U.S. Federal Trade Commission on 3.0l TDI v6 vehicles in United States
- Profits of doom – Mosul mechanics swamped as bombs shatter city – Reuters: Business is booming for Mosul car repair shop owner Khaled Younes, a sign of the havoc wreaked on the Iraqi city that has become the focus for the international war on Islamic State.
- BMW says will stick to investment plans despite Trump threats – Reuters: DE) will stick to its investment plans for Mexico and the United States despite warnings from President Donald Trump to impose border taxes on cars …
- BMW CEO Pleads for Free Trade After Trump Border Tariff Threat – Bloomberg: BMW AG Chief Executive Officer Harald Krueger defended the importance of free trade, responding to recent remarks by U.S. president Donald Trump…
- 2019 Porsche 911 will only use turbo six-cylinder engines and get hybrid – Autocar: The eighth-generation 911 will mark the end of naturally aspirated engines, and also get a hybrid version
- GE to sell entire stake in S.Korea’s Hyundai Card – Reuters: General Electric said on Wednesday it has agreed to sell its 43 percent stake in South Korean credit card firm Hyundai Card Co Ltd as the U.S. industrial giant continues to trim its exposure to the financial services sector.
- Hyundai Motor plans to build S. Korea’s tallest building in Seoul – Yonhap: Hyundai Motor Group’s new headquarters building to be constructed in southern Seoul by 2021 will be the country’s tallest,…
- Bosch, a Volkswagen Supplier, Agrees to Settle Over Diesel Scandal – New York Times: Volkswagen said on Wednesday that it had reached a final settlement to pay $1.2 billion in compensation to owners of Audi, Porsche and Volkswagen…
- Seat considering “sportscar-like-crossover” says brand boss – Autocar: A sportscar-esque crossover would sit above the forthcoming Ateca Cupra A sporty SUV could become the car maker’s flagship model and launch by 2020
- Toyota, Peugeot’s Czech car plant production highest since 2011 -CTK – Reuters: is the news and media division of Thomson . Thomson is the world’s largest international multimedia news agency, providing …
- Audi says reviewing provisions for dieselgate scandal – Reuters: Audi is reviewing whether it needs to put aside more provisions to cover the costs of a settlement in the United States over the dieselgate scandal.
- Hyundai Motor’s global sales for January edge up 1.3 percent on-year – Yonhap: South Korea’s largest carmaker Hyundai Motor managed a 1.3-percent increase in global sales in January from a year ago…
- Renault Samsung’s January sales up 34.8 percent – Yonhap: Renault Samsung Motors Co. said Wednesday it sold 20,256 cars in January, up 34.8 percent from the same month last…
- Volvo Q4 core profit tops forecast – Reuters: … Adjusted operating profit at Sweden’s Volvo rose to 5.66 billion Swedish crowns ($646.5 million) from a …
- European plug-in car sales rose 9.7 pct last year – Reuters: PARIS Feb 1 European sales of battery powered, fuel-cell and rechargeable hybrid cars rose 9.7 percent to a combined 206,584 vehicles in 2016, …
- Ford Seen Reaping Edge Over Toyota in U.S. Border Tax Overhaul – Bloomberg: A proposed tax on imports that President Donald Trump is said to be warming to could upend the competitive landscape for carmakers, boosting Ford…
- Volvo Group – the Fourth Quarter and Full Year 2016 – Yahoo: “2016 was a year with somewhat lower volumes. Our revenues declined by 3% to SEK 302 bn. Nonetheless, our profitability improved with an…
- The Land That GM Forgot – Bloomberg: General Motors Co. is an even smaller presence. … NV does better, with its Jeep brand selling more models in Japan than GM and Ford put together.
- BRIEF-Maruti Suzuki India January total sales up about 27 pct – Reuters: Feb 1 The following are the top stories on the business pages of British newspapers. has not verified these stories and does not vouch for …
- Tesla S Falls Short of Luxury Rivals on Tougher Safety Test – New York Times: A Tesla Model S electric vehicle in a showroom in San Francisco. The car received only an “acceptable” rating on a test intended to simulate a crash…
- Mercedes-AMG is born to be wild – Automotive News: In the latest new spot to top our weekly viral video charts, Mercedes-AMG preps for the Super Bowl.
- Tesla And AES Plug Batteries Into The Grid, But Energy Storage Remains Tangled In Bureaucracy – Forbes: Elon Musk, CEO of Tesla Motors Inc., left, discusses the company’s new Gigafactory in Sparks, Nev. Tesla announced in September that it had been…
- Buick taps Newton, Kerr for Super Bowl ad – Detroitnews: Athlete-supermodel duo are in a commercial for the Buick Encore and Cascada airing on Sunday’s big game
- French car registrations up 10.6 pct in January – Reuters: … Registrations totalled 153,057 cars in January, up from 138,400 a year earlier, according to CCFA …
- Mitsubishi Motors: Fast, Furious Recovery? – Barrons: Mitsubishi Motors (7211.Japan/MMTOF) soared 13% on Wednesday after its management U-turned on its earnings outlook, expecting the auto maker…
- ‘Peak car’: Australia’s love affair with ownership fades with rise of car-sharing services – Guardian: Car sharing has become so attractive that some property developers are partnering with companies like GoGet to embed car-share vehicles in new…
- S. Koreans jumping on electric car bandwagon – Yonhap: In South Korea, she represents an emerging group of customers who think electric cars will become mainstream as the world will inevitably have to…
- What You Need to Know About #DeleteUber – New York Times: An Uber logo on a car window in San Francisco in 2015. Some Twitter uses interpreted a message from the company as trying to profit from President Trump’s executive order on immigrants. Credit Robert Galbraith/. If you’ve been paying attention …