Top News:
- Calif. startup aims to take autonomous cars to next level with new language – Automotive News: Drive.ai, a Mountain View, Calif.
- Fatal Takata truck blast was ‘like a big bomb,’ sheriff says – Automotive News: The truck carrying Takata airbag inflators exploded ‘like a big bomb,’ said the Texas sheriff whose officers rushed the scene.
- Mitsubishi Motors Halts Sales of Some Models as Fuel-Economy Scandal Spreads – WSJ: In April, Mitsubishi said that it had falsified fuel-economy data for four car models sold in Japan, two of which it had manufactured for Nissan Motor Co.
- VW CEO expects turnaround to start bearing fruit in 2-3 years – Automotive News: Volkswagen AG CEO Matthias Mueller is pushing forward with a technological and organizational revamp of Europe’s largest carmaker despite internal opposition and expects his efforts to begin bearing fruit in two to three years.
- Volkswagen won’t sue South Korea but Nissan has – Just-auto: However, Nissan Motor’s South Korean unit has filed a lawsuit over claims by the environment ministry that it had cheated on emissions with its…
- 90% of start-up electric auto companies will be cleared from the market – Automotive News: Foreign media reported that there are more than 200 electric vehicle manufacturing companies in China.
- VW US diesel owners line up for cash – Just-auto: The Bloomberg report noted buying back the cars is the more expensive option for the company but having more owners choose that option would…
- Chinese firm acquires Ohio aluminium maker – Just-auto: A unit of Chinese aluminium maker China Zhongwang Holdings has agreed to acquire US-based Aleris Corp – a major supplier of aluminium to the US auto sector in a deal valued at about US$2.33bn.
- BMW M4 GTS’s water injection system to feature on other cars from 2019 – Autocar: Bosch water injection system was first introduced on the BMW M4 GTS; it can boost fuel efficiency by 13% and reduce CO2 emissions by 4%
- Samsung SDI to build $358 mln car battery plant in Hungary by 201… – Reuters: … won ($358 million) to build a plant to make electric vehicle batteries in Hungary, joining the race to build capacity and … Cross-town rival LG Chem plans to build an EV battery plant in Poland to meet rising demand from European …
- Takata makes progress selecting investor – Just-auto: Takata Corporation has identified up to seven potential investors to help refinance its operations, according to local reports, as the scale of the world’s largest automotive recall has become apparent in the last year.
- Volkswagen accepts South Korean test-rig rulings – Just-auto: Volkswagen Korea, the German automaker’s South Korean distributor, confirmed it does not plan to appeal against the government’s recent decision…
- Volvo Tailors City Safety System for Rural Roads – Detroit Bureau: Volvo adapted its City Safety system to help drivers in less urban areas to help avoid accidents with large animals that cost $1 billion annually in the U.S. Go to TheDetroitBureau.com for details.
- Koenigsegg Agera RS to appear at Salon Prive Concours d’Elegance 2016 – Autocar: The first European customer’s Koenigsegg Agera RS will appear at this year’s Salon Privé Concours d’Elégance, complete with gold leaf trim
- China Makes Biggest S. Africa Car Plant Investment in 40 years – Bloomberg: … Africa with capacity to produce 100,000 units a year, an investment it will use to distribute vehicles both domestically and to the rest of the continent.
- Volvo Cars says to hire 400 engineers to spearhead high-tech push – Reuters: … seen on the front grill of a Volvo car at the 2016 Moscow International Auto Salon in Moscow, Russia, August 24, 2016. REUTERS/Maxim Shemetov.
- VW CEO Vows to Overcome Resistance to Push Technology Overhaul – Bloomberg: Volkswagen AG Chief Executive Officer Matthias Mueller is pushing forward with a technological and organizational revamp of Europe’s largest…
- VW CEO Sees First Fruits From Turnaround Effort in Two Years – Bloomberg: VW has set aside about 17.8 billion euros ($19.9 billion) so far for fixing the affected cars and related legal risks. “We have the whole world at our…
- VW reviews procurement strategy in wake of supplier dispute – Reuters: VW suppliers Car Trim and ES Automobilguss, both part of Prevent Group, triggered the disruptions by halting …