Renault shares have plunged the most in 17 years after a union said French fraud investigators seized computers from the automaker, apparently as part of a probe into emissions testing.
Renault said fraud investigators had inspected three of its sites in an emissions probe, raising the specter of a Volkswagen-type scandal. Investigations found "no evidence of a defeat device" equipping the company's vehicles, Renault said.
Russia's car sales plunged by 36 percent in 2015 in a disastrous year for Western automakers with operations in the country. The pace of the market's decline is set to slow this year, industry insiders said.
Japanese automakers are taking on the Detroit 3 and scrambling to expand their share of pickup truck sales in the United States, as record low gasoline prices curb demand for their once best-selling small and medium-sized sedans.
Expert sources close to Iranian automaker, Saipa, say the imminent dropping of decades-long sanctions against Tehran could pave the way to collaborating with Western suppliers in as little as six months.
Ferrari once capped annual production at about 7,000 cars in an effort to maintain the brand's exclusivity.
A looming slowdown in global auto demand will test General Motors and Ford as they try to funnel more cash to shareholders while still investing adequately in new vehicles and technology.
Ford CEO Mark Fields said delivering strong results is the best way for the automaker to counter the sceptics on Wall Street.
The replacement for the C-segment Jeeps Compass and Patriot is to have its world premiere at the New York auto show in March. FCA will again employ the same risky strategy that has just seen the big-selling Chrysler Town & Country and Dodge Grand Caravan replaced by one model.
German Economy Minister Sigmar Gabriel wants to commit two billion euros ($2.17 billion) to encourage more people to buy electric cars by providing government subsidies to consumers, a German newspaper reported.
U.S. environmental officials said talks will continue with Volkswagen aimed at reaching an agreement on a fix for nearly 600,000 diesel vehicles that emit up to 40 times legally allowable limits.
In the days before Google launched the Android operating system in 2008, engineers had to rewrite the code for Google Maps dozens of times for different smartphones. It was a hassle, but Android changed all that.
Nigeria's state-backed bank AMCON plans to sell its majority stake in PSA/Peugeot-Citroen's local joint venture. The bank is seeking bids from investors with experience in automobile manufacturing.
Italian consumer group Altroconsumo will launch an appeal after a court rejected its class action case against Volkswagen in which it accused the carmaker of understating the level of CO2 emissions in one of its Golf models.
Nigeria's state-backed bank AMCON plans to sell its majority stake in PSA/Peugeot-Citroen's local joint venture. The bank is seeking bids from investors with experience in automobile manufacturing.
Ford CEO Mark Fields said delivering strong results is the best way for the automaker to counter the skeptics on Wall Street who sent its shares sliding 5.1 percent Wednesday.
Two Fiat Chrysler dealerships that are part of a suburban Chicago dealer group filed a civil racketeering suit against Fiat Chrysler, alleging the automaker offered dealers large amounts of money to report unsold vehicles as sold.
Articles
14 Jan, 2016
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