Daily diesel drama
- Volkswagen CEO Will Brief Board Leaders on Diesel Investigation – Bloomberg: The company said on Tuesday it plans to fix the pollution-control systems. It hasn’t specified how many of each type of car are affected, exactly how it’ll…
- GERMANY: KBA probe extends beyond VW to foreign automakers – Just-auto: Germany’s Federal Motor Transport Office (KBA) says it is extending its diesel emissions probe to include other overseas manufacturers as the fallout from the Volkswagen defeat device scandal continues to ripple across the globe.
- VW’s Skoda says not seeing deviations in production or sales – Reuters: The company has said 1.2 million of its cars are affected. However, Skoda has said that the engines in question are no longer used by the company…
- Volkswagen director says staff acted criminally over emissions tests – Guardian: A Volkswagen board director who represents the state of Lower Saxony, which has a controlling stake in the carmaker, has said some some staff acted…
- Volkswagen emissions scandal: used values drop 3% – Autocar: The emissions scandal has caused trade values of used VW diesels to drop The trade value of used Volkswagen diesel cars has fallen 3% since details of the emissions scandal surfaced.Glass’s Guide, the motor trade valuation publication, has revealed that in September values on the used market as a whole increased by 2.1%. However, values of used Volkswagens are the same as they were at the start of the month, so, in essence, are 2.1% down.It’s worse when you look at diesel models.
- VW crisis could hit its auto ABS – Reuters: Auto ABS transactions are exposed to used car values either directly … Reuters reported late on Friday that the European Central Bank suspended…
- VW readies external inquiry into emissions scandal-source – Reuters: Senior Volkswagen executives will examine … in sales tax on small cars in China could provide a boost to Volkswagen.
- Fiat Chrysler Is A Strong Buy After Volkswagen Fallout – Seekingalpha: Fiat Chrysler’s share price has been hit by the diesel emissions scandal, but with little justification. Fiat stands to gain a large market share increase…
- Norway importer says 147000 VW cars may need refitting – Reuters: … in Norway, may lead to a rethink of a new Norwegian tax proposal rewarding low emission cars, a key government ally told Reuters on Tuesday.
- VW May Be Dropped by Swedish National Pension Funds Amid Scandal – Bloomberg: VW is struggling to regain its footing after it emerged that the carmaker used software to obfuscate how much its diesel-engine cars pollute. About 11…
- VW Scandal to Curb Czech, Hungarian GDP Growth, BofA Says – Bloomberg: Exports of goods including cars and car parts to Germany and other euro area nations have helped revive the economies of the European Union’s…
- Could the Volkswagen scandal power an electric car breakthrough? – Guardian: ‘Electric vehicles’ range needs to double and prices halve before they …. But Volkswagen may have just given those eager to disrupt the automobile…
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In Other News:
- Ford Faces Strike Deadline at Key Plant – Detroit Bureau: The United Auto Workers has targeted the one of Ford Motor Co.’s key assembly plants in Kansas City, Missouri, for a strike if bargaining doesn’t resolve key issues by early next week. Find out more at TheDetroitBureau.com.
- FRANCE: Paris to start real life emissions tests on 100 vehicles – Just-auto: France says it will take 100 randomly-selected cars in its domestic market and put them through real-life pollution emissions testing before comparing the results with those carried out under laboratory conditions.
- Automakers summoned to Washington amid reporting lapses, fines – Automotive News: Transportation Secretary Anthony Foxx says he is going to summon the major automakers to Washington to discuss the need for accurate reporting of safety defects, an action that comes amid a series of high-profile lapses and scandals involving the…
- 2016 Chevy Volt rollout includes attack ads on Nissan Leaf, Toyota Prius – Automotive News: The revamped Chevrolet Volt won’t be available nationally until late next spring, but a series of attack ads targeting the Nissan Leaf and Toyota Prius will debut this fall on the Internet and later on TV.
- Honda to show production-ready FCV at Tokyo motor show – Autocar: Honda’s production-ready FCV will be seen at the Tokyo motor show Japanese manufacturer confirms FCX successor will arrive in Japan in 2016 – and it’s coming to the UK Honda has confirmed the production-ready version of its Fuel Cell Vehicle will make its debut at the Tokyo motor show in October, before going on sale in its home market of Japan next March.The Japanese manufacturer has already confirmed that sales of the hydrogen fuel cell-powered car are also planned in the US and Europe – with
- PRECIOUS-Gold heads for biggest quarterly loss in a year – Reuters: Gold eased on Wednesday, staying on track for its biggest quarterly loss in a year as the dollar strengthened and the…
- CHINA: Government cuts purchase tax on cars – Just-auto: China’s government has halved sales tax on small cars to boost the auto sector amid growing signs of slowdown in the world’s largest vehicle market. The State Council of China has announced that the 10% tax on the purchase of new vehicles with engine displacement of 1.6 litres and under will be halved until the end of 2016.
- INTERVIEW: PSA Peugeot Citroen CEO Carlos Tavares says recovery is on track – Just-auto: PSA Peugeot Citroen chief executive has a considerable challenge on his hands to forge a successful place in the global market for the company and its three brands – Peugeot, Citroen and DS. He tells Ray Hutton how ‘Back in the Race’ is bringing results.
- MOVES-Volvo Cars appoints new head of marketing and sales – Reuters: Both Volvo Cars and Geely Auto are owned by Zhejiang Geely Holding Group Co. Annwall was previously a partner at management consultancy…
- China tax cut on small cars seen lifting sales, VW to benefit – Reuters: The cut in sales tax on cars with less than 1.6 liters engines takes effect on Oct … Yale Zhang, the head of Shanghai-based consulting firm Automotive…
- Fiat Chrysler under-reported deaths and injuries – CNBC: Fiat Chrysler under-reported a “significant” amount of deaths, injuries and legal claims that it was obliged to reveal to regulators, the US’s car safety…
- China stocks rise but post worst quarter since 2008 – Reuters: Auto shares surged after Beijing announced fresh support for struggling … months to a record low of 65.0 percent, a monthly Reuters poll showed.
- All your Tesla Model X questions, finally answered – Automotive News: Tesla gave journalists a chance to drive the new Model X and fiddle with the crossover’s avant-garde features, from the ‘falcon-wing’ doors to the motorized second-row seats.
- Tesla delivers Model X electric SUV to take on luxury carmakers – Reuters: “There is far more there than is really necessary to sell a car. And some of the things are so difficult, they make the car better but the difficulty of…
- Mazda concept for Tokyo stokes talk of RX sports car’s return – Automotive News: Mazda, which retired the RX-8 sports car in 2012, will stoke speculation about a possible successor with a new sports concept at the Tokyo Motor Show.
- BUZZ-Asia auto makers gain on China’s measures to revive market – Reuters: Geely Automobile jumps 15 pct, Great Wall Motor gains 5 pct, while BYD gains 4 pct … (RM: [email protected]).
- Here’s what Tesla’s new Model X SUV is like – Fortune: Tesla Motors’ highly anticipated Model X SUV, publicly introduced and … the largest piece of glass ever put on a car in production, according to Tesla.
- New rotary-engined Mazda sports car concept – first picture – Autocar: Sports car concept to be shown at Tokyo motor show; Mazda hints strongly at rotary power Mazda has revealed it will unveil a new sports car concept at the Tokyo motor show – prompting speculation it could be a forerunner to a new, rotary-engined Mazda RX-8 road car. So far, Mazda has only issued a shadowy teaser picture showing the car is a coupe, plus a statement claiming the car “clearly embodies the carmaker’s lineage” – thought to be a direct reference to the fact the car could be rotary po
- Honda will show fuel cell, autonomous driving vehicles in Tokyo – Automotive News: Honda will unveil two visions of the future at October’s Tokyo Motor Show: A near-production version of its hydrogen fuel cell fastback sedan and a bell-shaped, omnidirectional, autonomous driving concept vehicle.