Auto News 5

Audi will end its involvement in Le Mans next year after almost two decades to focus on racing electric cars. The move marks a shift in strategy as parent company Volkswagen Group battles to recover from its diesel-emissions scandal.

Penske Automotive's third-quarter net income rose 1.1 percent as gains in gross profit margins in the U.S. for new and used vehicles were offset by foreign exchange-related losses and lower global profit margins for vehicle sales.

Subaru of America will recall about 100,000 vehicles equipped with turbocharged engines over increased risk of a fire.

Brussels says Portuguese plans to support the purchase of low-emission buses for public infrastructure in urban areas are in line with European Union (EU) State aid rules.

Alfa Romeo will launch a station wagon version of its Giulia sedan in Europe late next year to help boost sales of the key model, people briefed on the matter said.

Apple has dozens of software engineers in Canada building a car operating system, a rare move for a company that often houses research and development projects close to its Cupertino, Calif.

News 26 Oct, 2016

Audi confirms future motorsport involvement will be with Formula E after it withdraws from WEC and Le Mans

General Motors and International Business Machines Corp. plan to combine IBM's artificial intelligence software Watson with the automaker's OnStar system in order to market services to drivers in their vehicles.

Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1.

Volkswagen has got the final approval of the 2.0L TDI 'dieselgate' settlement in the US. Under the settlement, affected owners receive the pre-scandal trade-in value of their vehicle and an additional $5,000-$10,000 compensation.

Crisis-hit Takata Corporation has announced that its US subsidiary TK Holdings (TKH) has appointed Paul M. O'Brien as vice president of Ethics and Compliance.

Mercedes has shown a new concept pickup that will provide the basis for a new premium mid-size pickup that will be launched in 2017 and made in cooperation with Nissan as part of its collaborative tie-up with the Renault-Nissan Alliance.

General Motors and IBM on have announced a partnership to bring OnStar and IBM Watson together to create OnStar Go, the "auto industry's first cognitive mobility platform".

PSA Group reported a 5 percent drop in third-quarter revenue, hurt by plunging sales in China and a weaker performance in Europe, where deliveries fell 4.3 percent.

Features 26 Oct, 2016

We head to Korea to witness the amazing results when some of the brightest minds in motoring R&D think outside the box

Toyota is recalling about 5.8 million cars worldwide, including 1.47 million in Europe, over potentially faulty airbag inflators made by Takata. The recall includes the Yaris and Corolla.

It is emerging that General Motors' European operations are being hard hit on the bottom line by the adverse economic consequences of the UK's decision to leave the EU. The sizeable headwinds will make it difficult for GM to reach breakeven in Europe this year, something it said it was on track to do at the end of the first half.

Opinion 26 Oct, 2016

LYNK & CO announced last week its plans for future-looking mobility - and Graham Hope found it very interesting

News 26 Oct, 2016

A falling pound and levelling vehicle demand is estimated to cost GM $300 million by the end of the year

News 26 Oct, 2016

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