Top News:
- VW CEO Mueller could be tainted by new EPA allegations – Automotive News: New allegations from U.S. regulators that Volkswagen AG cheated on more diesel-powered models, including one Porsche, could be trouble for new CEO Matthias Mueller, who came from the company’s prestigious sports-car maker.
- Soccer sponsor Daimler demands clarity on DFB allegations – Reuters: Daimler’s Mercedes Benz passenger car unit has been sponsoring the DFB since 1990. (Reporting by Ilona Wissenbach, writing by Kirsti Knolle).
- German car sales up 1 pct in October -source – Reuters: … car sales in Germany rose 1 percent in October and were up 5 percent in the first ten months of the year, an industry source told Reuters on Tuesday…
- BMW Posts Surprise Profit Boost on X5 SUV – Bloomberg: BMW release earnings for the third quarter. Bloomberg’s Hans Nichols reports on “Countdown.” (Source: Bloomberg)…
- BMW finds winning formula as ‘X’ factor helps drive Q3 revenue – FT: BMW shrugged off a slowing Chinese market to post record third-quarter revenues, helped by demand for the German carmaker’s “X” range of sport…
- Battered VW shares drop further as scandal widens – Reuters: 22 it had installed software that can cheat emissions tests on about 11 million cars worldwide. The affair forced Chief Executive Martin Winterkorn to…
- Kwid drives Renault India’s October sales, company registers 92% growth – Ibtimes: With October 2015 sales figures out from most of the car manufacturers, Renault India seems to have put up a stupendous performance, registering an…
- Uber’s China Rival Says Cash Burn Has Slowed With Lower Payouts – Bloomberg: Didi Kuaidi now handles an average of 7 million ride bookings a day in China, of which about 4 million are for Internet reservations of private cars,…
- City drives Honda Cars sales in October; Japanese carmaker records 52% growth – Ibtimes: Honda Cars India posted an growth of 52% at 20,166 units in domestic sales in October this year as compared to 13,242 units in October 2014.
- Duerr CEO has no sign of VW cutting back supplier orders – Reuters: FRANKFURT Germany’s Duerr has no signs that Volkswagen, one of its key customers, will cut back orders as it struggles to contain the costs of the…
- BRIEF-Honda says Oct China auto sales +25.2 percent y/y – Reuters: Nov 3 Honda Motor Co Ltd says: * October China auto sales +25.2 percent y/y to 83,111 vehicles; versus +28.5 percent in September. * Jan-Oct China…
- Why China’s graft probes don’t rattle investors – Reuters: The latest to be swept up in the crackdown are Zhu Fushou, general manager at Dongfeng Motor Corp, and – Bloomberg says – Agricultural Bank of…
- US: VW denies EPA suggestion that emissions cheats extend to 3L V6 engines – Just-auto: Volkswagen has strongly denied the suggestion by US authorities that it may have installed emissions cheating devices to larger engines not already cited as part of VW’s diesel emissions cheating scandal.
- BMW has surprise third-quarter profit gain on Europe recovery – Reuters: … BMW said, matching the 2.353 billion euro top-end forecast in a Reuters poll … (Reporting by Andreas Cremer; Editing by Kirsti Knolle and Georgina…
- Duerr raises sales outlook on China, Homag purchase – Reuters: Sales surged 70 percent to 988.2 million euros, exceeding a Reuters … (Reporting by Andreas Cremer; Editing by Kirsti Knolle and Miral Fahmy).
- BMW Posts Surprise Increase in Profit as X5 SUV Sales Rise – Bloomberg: BMW AG posted a surprise increase in third-quarter profit as sales in China, its biggest market, stabilized and demand in Europe for models such as…
- Volkswagen Emissions Scandal: Company Denies More Vehicles, Including Porsche, Have … – Ibtimes: A picture taken on Oct. 23, 2015, shows an employee of German carmaker Volkswagen (VW) touching the VW logo on a Phaeton car at the company’s…
- Tesla’s Earnings Report Draws More Attention to Output Than Loss – Bloomberg: … cars and energy-storage devices may report an adjusted loss of 56 cents a share, the average of 16 analyst estimates compiled by Bloomberg.
- EPA’s New VW Cheating Allegations Threaten to Taint CEO Mueller – Bloomberg: If the company is guilty of cheating on these additional models, the extra 10,000 noncompliant cars in the U.S. won’t do much more damage than VW…
- How Gas-Guzzling Americans are Aiding the Call for More Biofuels – Bloomberg: Ethanol already comprises 10 percent of gasoline consumption, and the institute has argued that blends exceeding that share may lead to car engine…
- VW Prepares to Fight EPA’s Latest Diesel Cheating Allegations – Bloomberg: Unlike the original Sept. 18 announcement involving small cars, when VW admitted to rigging software to evade U.S. emissions limits, on Monday the…