Volkswagen said it is collecting Takata airbags from its vehicles for testing and told the U.S. regulator that getting replacement parts would take more than a year if recalls are expanded.
VW named former Opel CEO Thomas Sedran as head of strategy. Sedran is a highly experienced restructuring strategist who devised the latest turnaround plan for GM's money losing European operations.
Volkswagen has hired Thomas Sedran, former head of GM's Opel division, to run group strategy. Sedran is the second prominent recruit to join the embattled carmaker during its diesel-emissions crisis.
News
26 Oct, 2015
Fifth-generation Land Rover Discovery is on the way & will take on Volvo XC90 and Audi Q7
News
26 Oct, 2015
Concept car to be unveiled at Tokyo Motor Show previews Mercedes’ driverless future and hydrogen powertrain tech
Britain's Road Haulage Association (RHA) is warning supply chain disruption is still widespread as the migrant crisis at the Port of Calais is now seeing a reported 7,000 refugees attempting to cross the English Channel.
VW CEO Matthias Mueller will update German Chancellor Angela Merkel on the carmaker's internal emissions probe during a trip to China, a source said. VW's China deliveries accounted for over a third of the automaker's global sales last year.
Media reports in Germany suggest that Volkswagen is considering offering discounts on new cars for some owners of vehicles affected by the diesel emissions scandal and recall.
Autoliv's net sales for the third quarter of 2015 was down 1.1% to SEK2.18bn (US$256.35m) compared with SEK2.20bn in the same period year ago.
Lear's net sales for the third quarter ended 26 September 2015 was up 2.31% to US$4.33bn compared with $4.23bn in the same period in 2015.
The EU's industrial policy chief, Elzbieta Bienkowska, faces a clash with EU governments this week over tougher car-emissions testing. EU countries including Germany oppose the way Bienkowska plans to implement a new inspection regime.
Samsung SDI has held the completion ceremony for its electric vehicle battery plant at Xi'ian in Shaanxi Province, China with the US$600m investment targeting US$1bn in sales by 2020.
Toyota has announced that it sold 7.498m vehicles in the year so far to the end of September, just ahead of the 7.43m figure that VW has reported.
PSA/Peugeot-Citroen posted a 3.2 percent increase in third-quarter revenue as a 6.1 percent jump in European demand helped offset a 17 percent sales slide in Asia.
PSA/Peugeot-Citroen posted a 3.2 percent increase in third-quarter revenue as recovering European demand shielded the carmaker from the worst of a slowdown in China sales.
PSA/Peugeot-Citroen posted a 3.2 percent increase in third-quarter revenue as recovering European demand shielded the carmaker from the worst of a slowdown in China sales.
PSA said it will publish real-world fuel economy figures for its diesel vehicles vetted by an independent body. The automaker's action follows VW's admission that it installed software designed to fool official emissions tests.
PSA said it will publish real-world fuel economy figures for its diesel vehicles vetted by an independent body. The automaker's action follows VW's admission that it installed software designed to fool official emissions tests.
Geely Holding Group says it will plough an additional GBP50m (US$55m) in its London Taxi Company (LTC) greenfield production facility in Ansty, UK, to turn the site into the group's British R&D headquarters, bringing total investment in the new facility to GBP300m.
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