Top News:
- Volkswagen Hints At Trucks Business IPO, Expansion – Ibtimes: Volkswagen AG’s truck division is exploring options for growth, the company said Monday. Pictured: A logo of Volkswagen is illuminated at a…
- Porsche and VW postpone 2015 results announcements and events – Just-auto: Following Volkswagen’s announcement preparation of annual financial statements for 2015 had been delayed “due to remaining open questions relating to the consequences of the emissions issue and the resulting valuation issues”, Porsche SE has made a similar announcement.
- UAW’s Williams Renews Attack on Trans Pacific Partnership – Detroit Bureau: UAW President Dennis Williams renewed his assault on the Trans Pacific Partnership saying deals like these hurt U.S. workers.
- NSK develops centering steering wheel control – Just-auto: NSK says it has developed an electrical power steering (EPS) system equipped with Active On-Centering (steering wheel return) control.
- GM, Ford Set China Sales Records in January – Detroit Bureau: General Motors and Ford set January sales records in China despite the continuing concerns about the Chinese economy. For details, go to TheDetroitBureau.com.
- The 2016 Lexus LX Is Stronger, Better, and More Luxurious – Bloomberg: If I actually owned this car, it would no doubt do serious damage to my driving record (and friend count). But for the week I drove it, I’m pretty sure my…
- Russian Car Sales Decline More Than Forecast as Distress Spreads – Bloomberg: Russian car sales plunged more than forecast in January, extending a … The median of four estimates in a Bloomberg survey was for a 23 percent…
- Volkswagen says is open to listing trucks business – Reuters: FRANKFURT, Feb 8 Volkswagen AG’s trucks business may pursue acquisitions or even a public listing, the company said on Monday, only days after…
- PSA quiet on any IKCO sanctions ‘compensation’ – Just-auto: PSA Peugeot Citroen is declining to comment on reports it will pay Iran Khodro (IKCO) EUR400m (US$447m) ‘compensation’ for the years international economic sanctions were imposed against Tehran.
- MarketsBMW tapping eurozone bond market for at least EUR1bn – FT: BMW is tapping eurozone bond markets today for at least EUR1bn, becoming the second large European carmaker after Daimler to bring a deal to market…
- Toyota halts Japanese output on steel shortage – Just-auto: Toyota has suspended production at all of its Japanese plants due to a shortage of steel following an explosion at a Japanese steel plant last month.
- ‘Autopia’ future promoted by Google and Apple will hurt traditional carmakers – Automotive News: ‘Autopia’ future promoted by Google and Apple will hurt traditional … operations and causes customers to reassess their views on car ownership?
- Where’s the love for GM and Ford shares? – CBS News: In that category now are two widely known global brand names: General Motors (GM) and Ford Motor (F). Both are on course to have a good year in…
- Subaru XV facelift specifications revealed – Autocar: New interior and exterior styling, chassis and engine upgrades for Subaru’s XV crossover
- VW Trucks Chief Open to IPO, Acquisitions in Expansion Strategy – Bloomberg: The strategy would challenge global industry leaders Daimler AG and Volvo AB as well as smaller rivals in emerging markets. Truck models are…
- Emissions Lies Haunt VW as It Faces Tougher Justice Department – Bloomberg: No one has died from the emissions-cheating software Volkswagen AG has admitted it installed in some of its cars, yet the U.S. Justice Department…