Volkswagen CEO Matthias Mueller mapped out a sweeping strategy overhaul focused on electric cars, automated driving and services such as ride-hailing in an effort to emerge from a diesel-cheating scandal that's dominated the company for months.
Toyota will spend PHP3.22bn pesos (US$70m) on its Philippines division to increase local production and qualify for a new tax incentive, according to a government statement cited by the Reuters news agency. Meanwhile, Mitsubishi has received the government green light for its plans for the country.
Vehicle manufacturer purchasing managers have described the challenges facing the UK supply chain and frustrations they face in dealing with suppliers.
When Volvo announced its 20/20 vision in 2008 - that no one would be killed or seriously injured in one of its cars by the year 2020 - autonomous cars and connectivity were virtually nowhere on the automotive agenda.
Features
18 Jun, 2016
We visit Bentley's Crewe HQ to learn how new materials like stone veneer are revolutionising car design
Audi plans to build an electric version of its Q5 at its new plant in Mexico, Reuters reported.
Daimler is considering building its first passenger-car plant in Russia, a spokeswoman said, counting on the country's troubled economy to rebound in coming years.
News
16 Jun, 2016
The Rolls-Royce crystal ball has revealed the future of super-luxury cars and it looks a lot like the Vision Next 100 concept
News
16 Jun, 2016
Coupe Franche livery available for new Peugeot 3008 crossover in new GT and GT Line specifications
News
16 Jun, 2016
MINI reveals its Vision Next 100 concept celebrating 100 years of BMW and looking ahead to the next century of MINI cars
European new-car sales rose 16 percent last month with most volume brands except scandal-hit VW showing strong growth. Renault and Fiat had big gains as economic stimulus measures in the eurozone boosted consumer confidence.
Italian brake manufacturer Brembo's profits are growing at a faster rate than its sales. It finished 2015 with earnings before interest and taxes up 41 percent to 251 million euros on a sales growth of 15 percent to 2.1 billion euros.
The fortunes of Daimler's Smart brand have rebounded after some tough times with the latest ForTwo and ForFour models that are built in partnership with Renault-Nissan.
PSA's focus on costs and agility means that it doesn't need partners beyond its Chinese investor Dongfeng for its electrification strategy, said Denis Martin, the automaker's European chief.
A federal judge late on Wednesday extended the deadline for Volkswagen, U.S. government regulators and owners of nearly 500,000 2.0 liter vehicles to reach a final diesel emissions settlement until June 28.
Two Japanese auto suppliers, Tokai Kogyo Co. and Maruyasu Industries Co., were indicted on Wednesday on price-fixing charges along with five executives, the U.S. Justice Department said.
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