Volkswagen AG's settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at more than $15 billion cash, two sources briefed on the matter told Reuters on Monday.
Ford's dealers in Indonesia are demanding around $75 million in compensation after the U.S. carmaker announced in January it would close all operations in Southeast Asia's biggest economy.
Halfway through 2016, U.S. new-vehicle sales remain on pace to set a second consecutive annual record, but analysts say they're concerned about slowing retail demand and rising incentives.
Without proper management, automotive technology collaborations have the potential to result not only in fundamental structural changes to the traditional auto industry, but further diminution of its leadership and clout.
The 2017 Ford Escape will help people avoid 'capture' in a new series airing on Verizon's recently-launched video platform.
News
27 Jun, 2016
Forthcoming BMW 4 Series Gran Coupe is tipped for 2017 release and will inherit changes made to updated 3 Series saloon last year
European supplier body, CLEPA, says it is "shocked" by the UK's decision to split with Brussels after last week's (23 June) referendum, which saw Britain vote to leave the 28-State strong organisation.
News
27 Jun, 2016
Nissan is updating its compact hatchback with the new special edition of the Nissan Note; the Black Edition
News
27 Jun, 2016
Fiat has announced a new special edition 500 in collaboration with yacht-maker Riva
Aston Martin made a pre-tax loss of GBP127.9m in 2015. It was the fifth consecutive year of losses for the luxury sports car maker that says it is in transition as it begins to renew its model range.
In contrast to the Volkswagen Group, TMC, GM, HMG, Renault-Nissan-AvtoVAZ-MMC, Honda Motor, FCA and other major OEMs, Ford Motor Company will soon be building almost all of its vehicles on a handful of architectures. This first of two analysis pieces looks at the Dearborn-based firm's plans for the A-E car, SUV, crossover, minivan and pick-up segments. A close look at future big pick-ups and SUVs, plus plans for Lincoln, will follow.
Honda said the driver-side airbag inflator ruptured during a fatal crash in Malaysia, possibly the third death this year in the Southeast Asian country linked to airbags from supplier Takata.
China's government is considering the removal of caps on stakes foreign carmakers can own in joint ventures with local partners, potentially loosening a policy criticized for shielding state-owned companies from competition and building their own...
The UK should not receive special treatment in negotiations over its EU exit, said the leader of the German Chancellor's CDU party.
The UK should not receive any special treatment in negotiations over its exit from the European Union, the leader of the German Chancellor's CDU party said.
Norway's wealth fund has filed a legal complaint against Volkswagen, as part of a joint legal action over the diesel emissions scandal.
European industry commissioner Elzbieta Bienkowska has said VW should pay its German customers similar compensation to US buyers.