Newswire

  • Newswire

    German finmin criticises Volkswagen management over bonuses -paper  

    FRANKFURT, April 30 (Reuters) - Germany's finance minister Wolfgang Schaeuble has criticised the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse. "I have no sympathy for managers who first drive a large blue chip-listed company into an existence-threatening crisis and then defend their own bonuses in a public debate," Schaeuble told German weekly Frankfurter Allgemeine Sonntagszeitung. "That shows that something is not working."...More
  • Newswire

    Daimler hires Deloitte for internal emissions probe  

    FRANKFURT, April 30 (Reuters) - Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice, the luxury car maker said. The investigation is to see if Daimler used devices to manipulate emissions tests and comes after another German carmaker, Volkswagen AG, admitted installing software that did so....More
  • Newswire

    German transport minister urges foreign diesel recalls -Sueddeutsche  

    FRANKFURT, April 29 (Reuters) - German transport minister Alexander Dobrindt urged foreign carmakers and vehicle testing authorities to cooperate with Germany to clamp down on diesel emissions by issuing wider recalls, German daily newspaper Sueddeutsche Zeitung said. Germany's motor transport authority KBA conducted blanket tests of foreign and domestic car brands in the wake of Volkswagen's vehicle emissions-test cheating, but found many foreign car brands also showed high pollution levels....More
  • Newswire

    Google, Fiat Chrysler working on self-driving car deal -sources  

    By Bernie Woodall DETROIT, April 29 (Reuters) - Google and Fiat Chrysler Automobiles NV are close to agreeing on a partnership that could break boundaries between Silicon Valley and the auto industry in the race to develop self-driving cars, people familiar with the discussions said on Friday. The partnership could be announced soon, three people familiar with the situation told Reuters on condition of anonymity because the discussions were private. The talks were first reported Thursday by the blog AutoExtremist.com....More
  • Newswire

    UPDATE 1-Nissan to recall 3.53 mln vehicles: air bags may not deploy  

    (Adds details, NHTSA investigation) WASHINGTON, April 29 (Reuters) - Nissan Motor Co Ltd said on Friday it will recall 3.53 million vehicles, most in the United States, citing passenger-side air bags that may not work properly because vehicle sensors may malfunction. The Japanese automaker said this is the fourth recall since 2013 to address problems with occupant classification systems that may fail to properly identify adult front seat passengers....More
  • Newswire

    UPDATE 1-German industrial workers down tools in dispute over wages  

    (Adds total number of workers, public sector negotiations) FRANKFURT/POTSDAM, April 29 (Reuters) - More than 100,000 workers in the German metals and electrical industries staged walkouts across the country on Friday after labour union IG Metall rejected a wage offer for the 3.8 million employees it represents. IG Metall union turned down an offer from employers for a wage rise of 2.1 percent, saying it fell too far short of its demand for a 5 percent increase....More
  • Newswire

    Nissan will recall 3.53 mln vehicles because air bags may not deploy  

    April 29 (Reuters) - Nissan Motor Co said Friday it is recalling 3.53 million vehicles worldwide because passenger-side air bags may not work properly because vehicle sensors may malfunction. The Japanese automaker said this is the fourth recall since 2013 to address problems with occupant classification systems, which may fail to properly identify adult front seat passengers....More
  • Newswire

    UPDATE 1-VW executive committee balks at Qatar's push for seat -sources  

    * Qatar wants to join powerful VW executive committee -sources * Majority of committee members oppose move -sources * VW, Qatar, Lower Saxony, works council decline to comment (Adds details on Qatar's representation, no decision yet, woman quota) By Edward Taylor and Andreas Cremer...More
  • Newswire

    VW executive committee balks at Qatar's push for seat -sources  

    FRANKFURT/BERLIN, April 29 (Reuters) - Frustrated with the pace of reform at Volkswagen, shareholder Qatar has asked the carmaker for a seat on the company's powerful executive committee but has met with substantial opposition, two sources familiar with the matter said on Friday. "There are certain reservations among the executive committee members," one of the people said, adding that the majority of the current members were opposed to such a move....More
  • Newswire

    UPDATE 2-Renault board maintains CEO pay deal despite shareholder revolt  

    (Updates with board decision, comment) PARIS, April 29 (Reuters) - Renault's board stuck by its decision to pay Carlos Ghosn 7.2 million euros ($8.2 million) for 2015 in defiance of a non-binding shareholder vote against the chief executive's package on Friday. Shareholders representing 54 percent of voting rights at the French carmaker opposed Ghosn's pay package at its annual meeting....More
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Apr 29, 2016
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WardsAuto

Chrysler Pacifica: Judging for 2016 Wards 10 Best Interiors

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