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.
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.
Volkswagen and IG Metall have agreed a pay deal. Base pay for employees covered by the collective agreement is to be increased in two stages, by 2.8% effective 1 September, 2016 and 2% effective 1 August, 2017. Each employee will receive a pension building block of EUR200 (US$224.5). In addition, a further development of provisions on partial early retirement has been agreed, allowing greater differentiation of partial early retirement schemes. It was also agreed that the profit share would be calculated on the basis of a two-year period in the future. The collective agreement has a term of 20 months.
Volkswagen has reportedly announced price cuts in Japan that could take up to almost US$1,500 off the price of its Golf model as it looks to win back customers amid the ongoing adverse publicity from its emissions testing scandal.
Despite the severe crisis in which the company is embroiled, VW Group has announced it is to pay its German employees a sizeable annual bonus reflecting 'good team performance'.
In the first four months of the year Volkswagen commercial vehicles delivered 154,600 vehicles to customers worldwide - growth of 4.7%. With 41,500 vehicles, the brand's deliveries in April also exceeded the previous year's level (+5.8%).
Volkswagen's supervisory board will ask shareholders attending its 22 June AGM to ratify the actions of its management board in 2015, saying that its investigation into the diesel emissions testing scandal has not yet turned up anything to cause it to recommend otherwise.
FAW-Volkswagen Automotive Company announced it would build a fifth vehicle factory, in the port city of Tianjin, as it looks to increase its exposure to growing demand in the world’s largest vehicle market.
Volkswagen's US factory in Chattanooga, Tennessee, has reached an early production milestone with the completion of the first assembled metal test body for the upcoming midsize SUV.
Michael Steiner is the new member of the executive board for research and development at Porsche, the automaker announced.
Porsche Automobil Holding expects to see a return to profit of between EUR1.4bn (US$1.61528bn) and EUR2.4bn for fiscal year 2016 after posting a group loss of EUR273m for 2015 as a result of the Volkswagen diesel emissions scandal.
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.
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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