While not actually setting out Volkswagen Group's new mid-term strategy, new CEO Matthias Müller has outlined five key steps to "realign the VW Group" and effectively replace the current company strategy, in the wake of the company's current crisis.
Automotive supplier BorgWarner lowered its forecast for 2015 profits as its biggest customer, Volkswagen, suffers from lower sales following violations of diesel emissions tests.
Swatch Group CEO Nick Hayek is considering an initial public offering for the clean-power unit that builds batteries for electric cars as Volkswagen's diesel emissions violations boost interest in energy-efficient technology.
A UK government minister has made remarks raising the possibility that Volkswagen Group will have to compensate drivers for lower resale values on models affected by the company's diesel emissions scandal and subsequent recall.
Hanon Systems, a provider of thermal solutions in automotive, plans to start production at a new plant in Monterrey, Mexico, to support the company's growth strategy and support major customer Kia.
Ally Financial's third-quarter profit fell 37 percent as it earned less money from its core auto lending and dealer financing operations.
Features
29 Oct, 2015
The Tokyo Motor Show threw-up some great cars in 2015 and these are the best of them according to the Auto Express team
Brussels' Joint Research Centre has inaugurated a laboratory for evaluation of the next generation of electric cars and smart grids.
Gestamp is to establish a new EUR14.3m (US$15.6m) laser cutting plant in Álava and located at the Arasur industrial complex in Ribavellosa, employing 100 people.
Penske Automotive Group reported third-quarter net income rose 17 percent on higher vehicle sales and strong revenue from finance and insurance, and service and parts operations.
Mazda expects delays to the launch of diesel-powered cars in the United States in the wake of Volkswagen's emissions violations, but it remains committed to a rollout, a senior executive said.
BMW says its first fuel cell vehicle would likely be a larger-sized sedan that would go on sale after 2020, when a hydrogen development partnership ends between the German luxury automaker and Toyota.
Ficosa claims it has revolutionised the market of sensors and cameras integrated into the car with what it claims is a pioneering solution to clean the lenses of these devices automatically. Named Sensor & Camera Cleaning and patented by the company, this product removes dirt from cameras and sensors through a hybrid system that expels water and/or pressurised air depending on the need and lenses position, guaranteeing at all times a proper performance.
News
29 Oct, 2015
We let the Tesla Model S do all the hard work, driving itself on the M4 following Version 7.0 Autopilot update
Honda says its continuing effort to minimise the environmental impact of its operations took another step forward as it opened a compressed natural gas (CNG) fuelling station on its property in Troy, Ohio.
The UAW says that under a tentative agreement General Motors has agreed to invest another US$1.9bn in US plants to secure or create an additional 3,300 union jobs.
Denso says it is helping Toyota Motor make its next generation Prius safer, more fuel efficient and greener for the environment. Denso has worked with Toyota to develop new hybrid, sensing and thermal technologies that help improve the safety, comfort and environmental performance of Toyota's new Prius, which launches in Japan in December and in other regions around the world early 2016.
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