Volkswagen said it had a 4.1 billion euros ($4.61 billion) operating loss for 2015 as the company took a 16.2 billion euros hit to pay for its diesel emissions test-rigging scandal.
News
24 Apr, 2016
Bentley unveils ultra-exclusive Mulsanne in China, with Speed and LWB variants available
Opinion
24 Apr, 2016
Mike Rutherford reckons that the rebranded IAM should try to appeal to young drivers - and tell the 'clueless' DfT to step aside
Toyota says that starting next month it will become the world's first automaker to use biohydrin, a newly-developed biosynthetic rubber product, in engine and drive system hoses.
The biggest news this week - announced only around beer o'clock last night, UK time, was Volkswagen AG and the US Justice Department reaching a deal "in principle" to sort out the little problem of excess emissions in nearly 600,000 diesel vehicles sold Over There. On the face of it, with much more detail yet to come, it seems like a sensible agreement - Judge Charles Breyer said the settlement was expected to include a buyback offer for nearly 500,000 two-litre vehicles and a possible fix if 'regulators' - we're talking Environment Protection Agency (EPA) and California Air Resources Board (CARB) here - agree on it. The settlement would include an environmental remediation fund and additional compensation to owners to sell back or have vehicles fixed. The government and Volkswagen have until late June to complete a final "consent decree" and, this is interesting, that will face public comment before taking effect.
VW, Opel, Audi, Mercedes and Porsche will recall 630,000 vehicles to tweak diesel engine software technology blamed for causing high NOx emissions.
Volkswagen, Opel, Audi, Mercedes and Porsche will recall 630,000 vehicles to fix diesel emissions management software, a German government official said, widening a clampdown on air pollution in the wake of the VW scandal.
Ford said it will begin selling its first pickup in China in 2017. The F-150 Raptor off-road pickup will make its debut at next week's Beijing auto show.
Mitsubishi's fuel economy scandal broadened today as U.S.
AutoNation's net income dropped 14 percent to $95.9 million in the first quarter, though revenues rose 3.5 percent to $5.12 billion.
News
25 Apr, 2016
Volkswagen T-Prime to star at the Beijing Motor Show, hinting at look of new larger Touareg SUV
Tesla Motors has been crowing about the nearly 400,000 "reservations" it has received for its electric Model 3 sedan. Nissan has now turned those reservations into fodder for its own advertising for the electric Nissan Leaf.
Tenneco has announced the expansion of its technical centre in Japan
News
22 Apr, 2016
Motorists signing up to use new Romex app service could also cut insurance costs
News
24 Apr, 2016
Warmed-up Smart Brabus ForTwo and ForFour city cars get power boost, sporty look and stiffer suspension
FCA's new bet in the still growing Brazilian subcompact market segment, the Fiat Mobi, looks better in photos than in the metal, largely because the nose appears exceptionally large compared to the truncated rear. It's based on a shortened Uno platform (the model it replaces) and was designed at the Betim Development Centre in Minas Gerais state, home to the main FCA manufacturing plant.
VW still faces further fights on several fronts in the U.S. despite reaching an agreement to resolve consumers' and regulators' claims over diesel vehicles fitted with cheat software.