Top News:
Note: Ed and Bertel are traveling in Europe. The morning news may arrive later, or not at all. Your indulgence is appreciated.
- U.S. Underestimates Cost of Fuel and CO2 Goals, Automakers Say – Bloomberg: U.S. regulators have underestimated the cost and difficulty of achieving their vehicle fuel-economy and greenhouse-gas targets for 2025 and are…
- Terms of VW’s $15 billion in settlements for cheating scandal announced by U.S. – Automotive News: Volkswagen’s decision to cheat on the 2.0-liter diesel vehicles it made the cornerstone of its U.S. vehicle lineup will cost the company nearly $15 billion in far-reaching settlements with purchasers of those cars and the U.S. government.
- Somewhere in Time: A Search for an Antique Car Leads to True Love – WSJ: Kim Gardner, 60, a retired librarian from St. Paul, Minn., on her 1928 Gardner, as told to A.J. Baime. For 29 years, I was the librarian at the Antique…
- Q&A-US Volkswagen owners: Your compensation from scandal settlement – Reuters: Owners of certain Volkswagen and Audi cars with 2.0 liter diesel engines … Under the buyback option, owners who purchased vehicles before Sept.
- After a resounding Brexit vote, Sunderland fears for Nissan plant – FT: But just a few days later Sunderland, the home of Nissan, delivered its verdict: a resounding 61.3 per cent of people voted for Brexit regardless.
- Uber, Lyft settle litigation involving top executives – Automotive News: Rival ride services Uber and Lyft have settled high stakes litigation involving two of their top executives, court filings show, in advance of a trial that could have aired sensitive details about both companies.
- Fiat Chrysler probe finds 266 crashes, 68 injuries – Detroitnews: Investigators also found 686 consumer complaints about the shifters and said that Fiat Chrysler received negative customer feedback shortly after the…
- US files VW settlement, details buybacks – Reuters: The settlement stems from VW’s admission in September that it intentionally misled regulators by installing secret software that allowed U.S. vehicles …
- Toyota Camry returns to No. 1 on ‘most American’ list – Automotive News: For the second year in a row, a familiar face is atop a ‘most American’ list. The Toyota Camry took the top spot for the 10th annual Cars.com American-Made Index. The Camry has topped the Cars.com index six times.
- Volkswagen, U.S. Roll Out $14.7 Billion Emissions Settlement – Bloomberg: Under the agreement announced on Tuesday, car owners will have the choice of having Volkswagen buy back their vehicles or install whatever…
- VW Could Face Tens of Billions in Additional Compensation Costs – Detroit Bureau: VW’s new $14.7 billion deal doesn’t isn’t sitting well with Europeans who didn’t get the same deal, and now say VW should pay up. For details, go to TheDetroitBureau.com.
- Hyundai Creta’s 50000 bookings yet to be served, company increases monthly production – Ibtimes: Hyundai Motor India Limited launched the Creta SUV in July last year and 11 months down the line, the demand of the SUV is still high. The Korean…
- Business minister – Brexit will provide opportunities, including for autos sector – Reuters: LONDON There will be medium- and long-term opportunities from Britain’s vote to leave the European Union, including for the auto industry, business …
- Why I Pre-Ordered A Tesla Model 3 – Forbes: Anyone buying new and remotely concerned about resale value or fuel costs will likely have considered hybrids or pure electric cars already, but quite…
- VW’s Last Surprise? – Bloomberg: The price of recalling U.S. vehicles will probably be tax deductible as a business expense, so the cash hit is likely to be much less than the $15 billion…
- Takata CEO signals resignation intention – Just-auto: Takata’s chairman and CEO has publicly expressed his intention to resign in the wake of the company’s faulty airbag scandal, according to a Nikkei report.
- Tesla’s quiet talks with this company could help redefine the gas station as we know it – Washington Post: One of the biggest problems for electric cars is encouraging adoption among drivers who may be skeptical about refueling. What if you run out of…
- Aston Martin and Red Bull AM-RB 001 hypercar due next week – Autocar: The Aston Martin-Red Bull hypercar was unveiled to potential owners at a closed event in Monaco last month; we’ll get our first look on 5 July
- US dieselgate settlement valued at $15bn – report – Just-auto: Volkswagen Group’s settlement with nearly 500,000 US diesel car owners and government regulators over polluting vehicles is valued at more than USD15bn according to a Reuters report.
- Why some Japanese manufacturers aren’t sweating Brexit – Nikkei:
- VW emissions scandal: Volkswagen reaches a settlement with US government – Autocar: Volkswagen has agreed to an £11 billion settlement to compensate US customers and fix or buy back their affected vehicles
- Nissan struggles to make sense of Sunderland shocker – Automotive News: Nissan’s team in the UK is “shell-shocked” by the politically and economically explosive decision by the country’s voters to leave the EU, a person…
- Japan’s Renesas wants to stay independent, says chief executive, snubbing Nidec – Reuters: Kure said autonomy was crucial in the highly-specialised field of automotive chips, which help control steering and enable driver assistance in newer ..