Top News:
- Your Rigged VW Will Get Fixed Sometime Between Now and 2048 – Bloomberg: Since starting repairs to 2.4 million affected cars in its home country three weeks ago, Volkswagen has fixed 4,300 vehicles. That’s a rate of about…
- GM Selling $2B in Bonds to Cover Pension Liability – Detroit Bureau: GM announced plans for a bond offering to cover a portion of the unfunded liability in the company’s pension plan for hourly employees
- Aston Martin made for Bond ‘Spectre’ film sells for $3.5 million – Reuters: Most were modified for filming, with two, including the one sold, kept as show cars. Bidding for the “Spectre Silver” DB10, on offer as part of the “James…
- Possible Toyota RAV4 seat defect found after fatal crash, Canada says – Automotive News: Canada’s transport ministry said it had found a potential seat-related defect in one of Toyota Motor Corp.’s popular models after a…
- GM invests US$148m in V8 engine manufacturing – Just-auto: General Motors says it will invest US$148m to repurpose flexible machining and assembly equipment at its Spring Hill Manufacturing plant to build V8 engines to meet market demand, retaining approximately 200 jobs.
- Maruti to boost output at existing plants – report – Just-auto: Maruti Suzuki is expected to increase production at its existing plants in Gurgaon and Manesar to meet demand till the new, Suzuki Motor-owned factory in Gujarat comes on stream by January 2017.
- VW managers see no agreement with EPA before end-March: Manager Magazin – Reuters: Top managers at Volkswagen (VOWG_p.DE) do not expect an agreement before the end of March with U.S. authorities over the German…
- China Auto Sales Surge 7% On Tax Cuts, Holiday Shopping – Ibtimes: China’s car sales reportedly rose 9.3 percent in January as demand … million vehicles in January, China Association of Automobile Manufacturers…
- Mercedes owner files US suit over diesel emissions – Reuters: Daimler says will examine levels and mount defence. * Shares fall 3 percent in early trade (Adds details on suit, share price). HAMBURG, Feb 19 An…
- Renault’s Alpine unit gets former Aston Martin, Tesla exec as new chief – Automotive News: … officer in 1993, van der Sande held senior executive roles at Rolls-Royce and Bentley, Harley-Davidson, Tesla Motors and Aston Martin. Van der…
- BYD Released its 2016 Plans for Alternative Energy Vehicles – Automotive News: BYD Auto, among other 11 Chinese domestic carmakers, has released its strategic plan for alternative energy…
- Daimler sees US suit over Mercedes emissions as unfounded – Reuters: A spokesman for Daimler said the carmaker would examine the levels and defend itself … Daimler has repeatedly denied that it has done so as well.
- Mazda, Mitsubishi Motors Add 2 Million Autos to Takata Recalls – Bloomberg: Mazda Motor Corp. and Mitsubishi Motors Corp. added more than 2 million vehicles to worldwide recalls linked to Takata Corp. air bags in response to…
- Mercedes Is Sued for Violating Diesel Emissions Standards in the US – Fortune: Diesel car makers have been in the spotlight since fellow carmaker Volkswagen admitted in September it had rigged U.S. diesel emissions tests and…
- Mazda recalls 1.9 million vehicles in Japan, overseas over Takata airbags – Reuters: Mazda Motor Corp (7261.T) on Friday said it had recalled a total of around 1.9 million vehicles in Japan and abroad over airbags…
- Lunar New Year Buying Drives China Car Sales Higher – WSJ: Sales of new cars in China in January rose 9.3% from a year earlier, … China Association of Automobile Manufacturers said in a statement Friday. … The Chinese car market has bounced back from a contraction in the…
- China Vehicle Sales Rise 7.7% as Tax Cut Boosts Demand for Cars – Bloomberg: China’s vehicle sales rose 7.7 percent last month as demand was spurred by a cut in tax on purchase of small passenger cars and ahead of the Lunar…
- Autonomous Vehicles Could Drive Car Insurance Companies Out Of Business – Forbes: A study last year found driverless cars are more likely than human-operated vehicles to be in accidents, but the accidents documented in the study…
- Prosecutors raid Volkswagen Korea over recall plan – Yonhap: Prosecutors said Friday they have raided the offices of the local unit of Volkswagen in southern Seoul following the…
