German financial watchdog Bafin filed a complaint with prosecutors against the entire former board of Volkswagen Group over possible market manipulation linked to the automaker's emissions scandal, Reuters reported.
News
21 Jun, 2016
Internal bike rack derived from motor show concept now available for practical Honda Civic estate
Toyota is to spend US$1bn over the next five years on its US-based Toyota Research Institute (TRI), a high tech research lab that will focus on autonomous cars, artificial intelligence and robotics. Toyota's move comes as competition to develop self-driving cars intensifies.
China's cancellation of Jaguar Land Rover's patent on the Range Rover Evoque will not stop it from going after an alleged Chinese copycat in a separate unfair competition and copyright proceeding, a Jaguar Land Rover spokesman said today.
Volkswagen Group's supervisory board may back away from its recommendation that top management's actions be endorsed by shareholders after German prosecutors launched a probe against executives including VW brand chief Herbert Diess, Reuters...
News
22 Jun, 2016
Each hospital trust rakes in an average £949k from parking fees in England
BMW is accelerating plans to acquire technology expertise in a race with the likes of Apple and Google to make cars smart enough to react like human drivers.
German supplier Benteler Automotive opened a factory in the northeast China city of Shenyang to supply suspension parts to BMW Group's Chinese joint venture.
BMW is accelerating plans to acquire technology expertise in the form of startups, partnerships with tech companies and talent as it races companies such as Apple and Google to build electronic brains for next-generation autonomous vehicles.
Former Volkswagen chief Martin Winterkorn is under investigation in Germany for alleged market manipulation. Prosecutors in Germany have accused Winterkorn, and another former board member, of withholding information from investors about VW's emissions scandal.
Mitsubishi Motors expects to post a net loss this financial year over its mileage-cheating scandal as it is hit by compensation costs and a slide in vehicle sales, a report said today.
National Electric Vehicle Sweden (NEVS) is to drop the Saab trademark as it moves to become a sustainable mobility provider.
Toyota Brazil is relaunching the Prius hybrid to take advantage of new financial incentives introduced last year by the federal government and the two largest state capital cities. But it will not import the plug-in version - just launched in Japan - because the retail price would be too high.
Honda Taiwan has held a ceremony to celebrate its 300,000-unit cumulative automobile production at its plant in Pingtung City.
PSA has announced that its Rennes plant in north-western France has been assigned the production of a new Citroën SUV/crossover that was previously set to be assigned to a plant outside Europe.
News
21 Jun, 2016
Kia announces recall of all Soul and Soul EV models made between 2014 and 2015 as a precaution, fault could cause loss of steering
PSA will build a new SUV for Citroen in Rennes, France, giving the brand a more distinct offering in a booming segment.
Major auto aftermarket and service organizations, including the Tire Industry Association, are opposing a California state bill they argue would set unrealistic restrictions on vehicle oil changes within the state.