Volkswagen AG has announced today that it has reached settlement agreements with the United States Department of Justice (DOJ) and the State of California; the U.S. Federal Trade Commission (FTC); and private plaintiffs represented by the Plaintiffs' Steering Committee (PSC) to resolve civil claims regarding eligible Volkswagen and Audi 2.0L TDI diesel engine vehicles in the US.
Leoni has secured two follow-up orders from PSA Groupe with a total lifetime sales volume of EUR500m (US$555m).
As the UK government considers its position in the wake of the EU national referendum result to leave the EU, the UK's auto industry trade association has appealed for continued unrestricted access to the European single market for UK automotive manufacturers.
Maxion Wheels has opened a new light vehicle aluminium wheel plant in Limeira, São Paulo, Brazil.
News
28 Jun, 2016
Unassuming rig can alter itself in size, shape, wheelbase, and driving characteristics. It could be the future of car ads and movies.
Takata CEO Shigehisa Takada said he will resign after a "new management regime" is found, finally heeding calls for change so that the auto parts supplier can move ahead in dealing with a multibillion dollar airbag recall.
Citroen went from oozing elegance and quirky charm to producing vehicles that lacked the panache of their ancestors. The arrival of the C4 Cactus rekindled Citroen's spark.
Lincoln, in a bid to stand out among larger luxury brands, will provide free pickup and delivery of service vehicles to new owners starting with 2017 models.
In a new campaign, Ford is touting 10 reasons that the F-150 is superior to its competitors.
Lyft, the U.S. ride-hailing startup with ties to General Motors, is working with Qatalyst Partners to explore deal options, a person familiar with the matter told Bloomberg.
Mitsubishi, fighting an emissions scandal at home and a sparse lineup overseas, is dangling a new 'high-end SUV coupé" concept to showcase a new direction in design and product.
New spy shots of the second-generation Aston Martin Vantage coupe have surfaced, showing it testing at Germany's famed Nurburgring track.
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.