Top News:
- Volkswagen’s top U.S. executive steps down amid ongoing probe – Reuters: Volkswagen AG’s top U.S. executive is stepping down nearly six months after the German automaker admitted to installing software to allow 580,000 diesel U.S. vehicles to emit excess emissions, the company said on Wednesday.
- Honda works with GM to lower costs of fuel cell vehicles – Automotive News: Honda, beginning sales of its Clarity Fuel Cell sedan in Japan, said joint work with General Motors will help bring hydrogen-powered vehicle costs down to the level of hybrids within the next decade.
- Audi sales rise 3.3 percent in February – Reuters: Volkswagen’s luxury brand Audi said deliveries in February rose 3.3 percent compared to the year-earlier month, to 126,500 cars, thanks to orders for the new A4 sedan and continued solid demand in Europe.
- Nissan Micra – Automotive News: Nissan’s new Micra subcompact car will adopt styling cues from the company’s Sway concept unveiled at the 2015 Geneva auto show such as a…
- Indonesia on track to overtake Thailand as automotive hub – Just-auto: There is strong evidence Indonesia will eventually replace Thailand as the main automotive production hub in the Association of Southeast Asian Nations (ASEAN), according to Ipsos Business Consulting.
- Russia’s Feb auto sales down 13.4 pct y/y – AEB – Reuters: In the first two months of 2016, sales of new passenger cars and light commercial vehicles were down 20.8 percent at 193,072, it said in statement.
- Study finds Americans prefer owning over sharing – Automotive News: Americans prefer the freedom that comes with driving their own vehicles over using ride- and car-sharing services, a new study released today found.
- Ford’s February sales rose 18% in Europe – Freep: Ford’s sales in the major European countries rose in February by 17.6% from a year earlier. “Ford of Europe is off to a very fast start to 2016, and we…
- China Car Sales Hit the Brakes in February – WSJ: China’s new car sales fell in February compared with a year earlier, the first such fall in six months as demand eased after the Lunar…
- Toyota nabs staff of autonomous vehicle company – Just-auto: Toyota Motor has recruited the staff at a small Massachusetts-based autonomous-vehicle company to work on its advanced projects, a media report said.
- Honda Aims for Fuel-Cell Car at Hybrid Price as GM Lends Scale – Bloomberg: Honda, Toyota Motor Corp. and Hyundai Motor Co. are championing fuel cell vehicles to eliminate tailpipe emissions while offering range and…
- Honda says working with GM on fuel cell manufacturing, parts procurement – Reuters: Honda Motor Co. is in talks with General Motors over how to manufacture and procure parts for hydrogen fuel cell stacks as part of a technology development partnership, the Japanese automaker’s chief executive said on Thursday..
- China’s Local Governments Plan to Subsidize Rural Auto Purchases – Bloomberg: Bloomberg News first reported China’s plans to introduce a new round of subsidies for auto purchases covering mini-commercial vehicles and light…
- Honda to compensate U.S. dealers for losses over air bag recalls: Automotive News – Reuters: Honda Motor Co is preparing to compensate U.S. dealers for depreciation costs of vehicles they cannot sell because of the massive recall linked to potentially faulty air bag inflators made by Takata Corp , Automotive News reported.
- Rail regulations keep Detroit’s auto industry on track – Detroitnews: In fact, a single train can transport 750 cars, and railroads move about three-quarters of all automobiles sold in the United States every year. In 2015…
- Questions raised over sudden resignation of US Volkswagen chief executive Michael Horn – Ibtimes: Michael Horn, president and chief executive officer of US Volkswagen has resigned “effective immediately” although the German carmaker did not…
- Virginia dealer group sues Tesla to block 2nd store – Automotive News: The Virginia Automobile Dealers Association on Wednesday filed a lawsuit against Tesla Motors Inc. and Virginia state officials…