Automotive industry company news
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 biggest news this week - announced only around beer o'clock last night, UK time, was Volkswagen AG and the US Justice Department reachin...
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.
A fair number of interesting stories came out of Geneva this week. We learned, for example, that Jeep almost got yanked from the UK market in 2012. And has apparently been saved by the (Fiat-built) Renegade. Volkswagen's little diesel difficulty isn't worrying GM Europe - Opel's boss wants to increase the diesel mix as he also adds a little electrification to the bowl. Even better, after years of losses and not a little restructuring pain (RIP Bochum and Antwerp plants), breakeven is on the cards this year.
The boss moves on as the supercar maker rides high, untouched by the troubles of its owner, writes Ray Hutton.
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.
UK automotive trade association, SMMT, says diesel remains firmly part of targets to drive down CO2 levels, despite the undoubted negative publicity of late.
Volkswagen Group has swung to an operating loss of EUR4.1bn in 2015 after setting aside more than EUR16bn in provisions for additional costs associated with the consequences of its exhaust emissions problems.
Volkswagen AG's group loss after tax for fiscal year 2015 of EUR1.361bn will have a corresponding negative effect on the group results of Porsche SE which holds a 30.8% stake in the Wolfsburg automaker.
Buyback offers and a possible repair are on the table after Volkswagen AG and the US Justice Department reached a deal "in principle" to deal with excess emissions in nearly 600,000 diesel vehicles, a federal judge said on Thursday (21 April).
Volkswagen says that more than 42,000 of its heavy trucks and buses were sold in the first quarter of 2016, up 6% on last year and helped by a 24% surge to sales in Western Europe.
In the first three months of 2016, Volkswagen Commercial Vehicles delivered 113,100 vehicles to customers worldwide, a year on year growth of 4.3%. March deliveries rose 0.8% to 46,100.
Competition in Brazil's compact pick-up segment - currently between the Fiat Strada, VW Saveiro, Chevrolet Montana and the beefed-up Renault Duster Oroch - is set to be fiercer from now on.
Skoda says it is strengthening its presence in China in cooperation with its longstanding Chinese joint venture partner SAIC-VW. It says it plans to expand the model range offered in China and invest in ‘pioneering automotive technologies’. SUV segments are targeted and the VW-owned brand wants to double China sales to almost 600,000 units a year by 2020.
The US Federal Trade Commission (FTC) has charged that Volkswagen Group of America, Inc. deceived consumers with the advertising campaign it used to promote its supposedly "clean diesel" VWs and Audis, which Volkswagen fitted with illegal emission defeat devices designed to mask high emissions during government tests.
Volkswagen Group Rus is urging Moscow to significantly increase the number of free trade agreements (FTAs) as a tool to aid the currently moribund automotive sector.
Volkswagen and its Porsche unit on Thursday (24 March) said they were recalling around 800,000 VW Touareg and Porsche Cayenne sports utility vehicles as a precautionary measure, to fix a potentially faulty component on the pedal mechanism.
Volkswagen Aktiengesellschaft and the Dutch company Fleet Investments B.V. have closed the sale of leasing and fleet management company LeasePlan Corporation N.V. to a consortium of investors.
Volkswagen Group Rus says it supports efforts by Moscow to provide financial incentives to the automotive sector and particularly backs any efforts for the supplier sector.
Volkswagen’s Dresden manufacturing facility – the ‘Transparent Factory’ ("Gläserne Manufaktur") is to be realigned as a showcase for ‘electromobility and digitalisation’ following the ending of Phaeton manufacture there.
US vehicle safety regulators announced on Thursday (17 March) 20 automakers have agreed to make automatic emergency braking standard on nearly all US vehicles by 2022, a move that could prevent thousands of rear-end crashes annually.
Volkswagen’s financial services division has achieved its best ever operating result for the 2015 financial year. The result was achieved in spite of the company’s ongoing ‘dieselgate’ crisis.
Volkswagen Group is being sued for EUR3.3bn by a group of institutional investors in Germany who allege that the company failed to publish information about the emissions scandal in a timely manner.
Volkswagen has announced the departure of its US division’s CEO, Michael Horn. Horn was expected by many to emerge as a management casualty at VW as the dieselgate crisis unfolded in the US last year.
There is strong evidence Indonesia will eventually replace Thailand as the main automotive production hub in the Association of Southeast Asian Nations (ASEAN), according to Ipsos Business Consulting.
In an address to 20,000 Volkswagen employees at Wolfsburg today, VW Group CEO Matthias Müller appealed for unity as the company seeks to recover from its current crisis.
Sales of imported vehicles in South Korea continued to decline in February, by 6.3% year-on-year to 15,671 units after a 3.5% drop to 16,234 units in January, according to data compiled by the Korea Automobile Importers and Distributors Association.
Audi CEO Rupert Stadler has said the automaker this year will spend more than EUR3bn on 20 new or revised models "and push forward with electrification and digitisation". It will also hire an additional 1,200 workers dubbed "experts".
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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