Automotive industry company news
While we still do not know the full cost of the diesel emissions scandal to Volkswagen Group (it’s still early days in terms of totting up t...
Volkswagen Group pushed expected liabilities from the diesel scandal into the 2015 accounts, so that it can make a new start with a new boss...
Surely it can have come as no surprise that more diesel engines are failing to meet emissions test targets? When the Volkswagen scandal over the so called defeat device broke last year, many in the industry wondered whether this was the tip of an iceberg.
The biggest news this week - announced only around beer o'clock last night, UK time, was Volkswagen AG and the US Justice Department reaching a deal "in principle" to sort out the little problem of excess emissions in nearly 600,000 diesel vehicles sold Over There. On the face of it, with much more detail yet to come, it seems like a sensible agreement - Judge Charles Breyer said the settlement was expected to include a buyback offer for nearly 500,000 two-litre vehicles and a possible fix if 'regulators' - we're talking Environment Protection Agency (EPA) and California Air Resources Board (CARB) here - agree on it. The settlement would include an environmental remediation fund and additional compensation to owners to sell back or have vehicles fixed. The government and Volkswagen have until late June to complete a final "consent decree" and, this is interesting, that will face public comment before taking effect.
I was already aware of Volkswagen's Tiguan, the compact crossover SUV introduced in 2007, not least because two friends own one, along with two near neighbours. But, after being invited to the Berlin media launch of the redesign, I suddenly seemed to see them everywhere. That, said a senior VW GB PR, was not surprising: "It's now our third best seller in the UK after the Golf and Polo."
The perennial rivalry between the optimistic and the pessimistic about what the Brazilian market will be like this year has hit a peak in the last few weeks.
Harman recently partnered with Renesas to improve its in-vehicle network and infotainment solutions. Matthew Beecham caught-up with Harman’s Phil Eyler, Executive Vice President and President of Infotainment to find out how this alliance and others are supporting the brand in a highly competitive sector. In Part 2, we interview Harman’s EVP and President Lifestyle Audio Division Michael Mauser about the audio innovations it is bringing to the market to sustain growth.
As the auto industry searches for affordable routes to lower emissions, Matthew Beecham spoke to Gavin Houghton, managing director of RKLAB AG to learn more about its timely breakthrough in diesel fuel injector technology.
At its annual shareholder meeting, Volkswagen has vowed to shore up its internal systems and processes in order to prevent a repeat of the diesel emissions crisis amid rumbles of discontent from some shareholders.
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.
A German media report says that Volkswagen Group will axe some 40 models from its range as part of its strategy to shift to more electrified cars and save cost.
A Continental-supplied long range radar (advanced radar sensor, ARS 410) detects pedestrians at a distance of up to 170 metres. It is fitted as standard in the new VW Tiguan.
Volkswagen Group has set out a new strategy to 2025 in which it aims to become a "world-leading provider of sustainable mobility".
Volkswagen de México has reached an early production milestone with the assembly of the first test body-in-white for the upcoming Tiguan Long Wheel Base, LWB, scheduled to begin its production during the first quarter of 2017.
The crisis-hit Volkswagen brand says it is progressing as planned with its regionalisation strategy and is creating a new regional structure in South America.
Germany's Federal Motor Transport Authority (KBA) has approved Volkswagen's proposed modification of around 1.1m more VW, VW commercial and Audi brand models.
Volkswagen Commercial Vehicles has sold 195,200 units for a worldwide increase of 5.7% in the first five months of the year.
Volkswagen will start recalling 190,000 cars in India from July. It will upgrade emissions control software following revelations of alleged cheating on official tests when real world output was much higher.
VW’s SEAT brand says it has conducted a "virtual handover" of over 100 new SEAT Leons to a large corporate customer. SEAT also said the operation gives a strong indication of how technology could be used to enhance the delivery experience of cars to the next generation of connected drivers.
Volkswagen of America has announced that the #PinkBeetle will go into production as a 2017 model, having been shown as a concept at the 2015 New York Auto Show.
With its "Volkswagen Future Automotive Supply Tracks" (FAST) initiative, the Volkswagen Group is aiming for more intensive strategic interchange with its suppliers with a view to forging ahead even more strongly with future-oriented technologies.
SEAT, the Universitat Politecnica de Cataluna (UPC) and Volkswagen Group research are kicking off CARNET - cooperative automotive research network, the first major research and innovation hub to focus on the automotive field and urban mobility of the future of Barcelona.
Volkswagen Group has presented the 2016 Volkswagen Group Award to its best suppliers in Berlin.
Europe's Automobile Manufacturers’ Association (ACEA), has revised its forecast for 2016 car registrations up from its initial January forecast of 2% growth.
Volkswagen Group and on-demand mobility provider Gett, said they have the cornerstone for a partnership at a kick-off event at the DRIVE Volkswagen Group Forum in Berlin.
TMD Friction has unveiled a new partnership with Volkswagen Group, which will see subsidiary, Pagid technology on more than 7.5m pieces per year of rear brake pads, produced in Essen, Germany.
The logistics operation at the Volkswagen plant in Wolfsburg has recently begun using an innovative system for gathering materials. The so-called ride-along platform, developed in-house by the Volkswagen Plant logistics department, ensures a high level of process reliability and ideal ergonomic working conditions for employees, the company says.
Volkswagen Group pre-tax profit was down 20% at EUR3.2bn in the first quarter of this year as sales revenue dipped amid the ongoing fallout from the ‘dieselgate’ crisis.
Volkswagen has nominated a total of 55 partners for 61 fields of competence through its 'Volkswagen Future Automotive Supply Tracks' (FAST) initiative.
Faurecia says it has been nominated again as strategic partner within the 'Future Automotive Supply Tracks' initiative (FAST) of the Volkswagen Group.
It's been quite a week for Volkswagen. The unfolding diesel emissions scandal is one of those stories that, as journalists love to say, has legs.
The departure of head designer Luc Donckerwolke from Bentley (replacement found) is an interesting one, not least for the question of where he will pop up next.
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