Volkswagen's top U.S. executive was profusely apologetic for the diesel-emissions cheating scandal that emerged on Friday and vowed to win back the trust of the U.S. consumer.
Volkswagen, clearly in damage control mode, has said it "is working at full speed to clarify irregularities concerning a particular software used in diesel engines" and "to cover the necessary service measures and other efforts to win back the trust of our customers", plans to book a charge "of some EUR6.5bn" in the third quarter of this financial year.
Jaguar Land Rover's plan to build a plant in Slovakia would give a much-needed boost to economic growth in the country next year, the country's finance minister said. JLR selected Slovakia over locations in Europe, the U.
About 11 million Volkswagen vehicles worldwide have diesel engines with software 'irregularities,' as the scandal that started in the U.S. widens. VW plans to set aside 6.5 billion euros ($7.
Martin Winterkorn's focus on details is legendary in the industry. With the world's biggest carmaker facing a U.S. criminal probe for cheating on emissions tests, it's now coming back to haunt him.
A list of world premieres at the 2015 Guangzhou motor show appears below.
ZF TRW, the Active and Passive Safety Technology Division of ZF AG, says it is uniquely positioned to deliver the automated driving functions of the next decade as mobility is transformed.
Chery Auto and Geely have announced world premieres for November's Auto Guangzhou.
Chery Auto has announced a world premiere for November's Auto Guangzhou.
The first of multiple vehicles to be given a world premiere at November's Auto Guangzhou has been announced by SAIC-GM, the new name for Shanghai GM.
Dongfeng has announced a world premiere for November's Auto Guangzhou.
Brose is to unveil an electric oil pump and a newly developed air conditioning compressor at Frankfurt IAA 2015 for conventional drives as well as electric and hybrid vehicles.
Apple is reportedly accelerating its efforts to build an electric car. The Wall Street Journal said that the project has now been designated within Apple as a 'committed project' with a target shipping date of 2019.
Privately controlled Schaeffler is gearing up for a public listing in Frankfurt. It said it will place up to 166 million new and existing non-voting common shares of Schaeffler AG with institutional investors and to list these shares on the Frankfurt Stock Exchange.
BMW CEO Harald Krueger has returned to work after he spent most of last week recovering from his fatigue-related collapse on stage at the Frankfurt auto show.
Fuji Heavy Industries' subsidaiary Subaru said it plans to spend an additional US$140m on its Lafayette car plant in Indiana, USA, over the next two years to expand capacity. The automaker in 2013 announced a US$400m plan to add an assembly line for the Impreza sedan which is scheduled to go into production at the end of 2016.
Thailand's new vehicle market continued to struggle in August with sales falling by 9.9% year on year to 61,991 units compared with 68,835 units in the same month of 2014, according to data released by industry sources.
VW's U.S. chief said he was profusely apologetic for the diesel-emissions cheating scandal and vowed to win back the trust of U.S. consumers.
Valeo says it strongly believes downsizing will help it achieve increasingly ambitious CO2 targets both currently in force and mooted for the future.
Three trade associations representing steel producers in the US, Canada and Mexico have sent a joint letter to their respective government trade agencies expressing concern that recent developments in the automotive portion of the Trans-Pacific Partnership (TPP) negotiations include proposals to weaken the "rules of origin" for the auto sector, which they claim would adversely impact the steel industry.
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