More in Auto Makers

  • Newswire

    UPDATE 1-Volkswagen chief says diesel engine refits "manageable"  

    * Over 90 pct of VW fixes approved by KBA -CEO * VW to publish scandal investigation details in Dec -CEO * Clearing up scandal in full will take several months -CEO (Adds CEO comments, detail and background) By Andreas Cremer BERLIN, Nov 23 (Reuters) - The steps needed to fix about 8.5 million Volkswagen cars in Europe fitted with illegal emissions-control software are technically and financially manageable, the German automaker's chief executive said on Monday....More
  • Newswire

    Grab Bag of Green Tech on Display in LA  

    The Los Angeles auto show saw Toyota, Honda and Hyundai display new hydrogen fuel-cell vehicles targeted at other green-car manufacturers such as electric-vehicle maker Tesla....More
  • Newswire

    VW Cost Cuts May Include Soccer Sponsorships  

    The automaker spends €11 million a year to sponsor four professional soccer teams and an ice hockey club, a drop in the bucket of what analysts say could be €35 million in costs stemming from the diesel-emissions scandal....More
  • Newswire

    Emissions Scandal Not Hurting Sales, VW Says  

    The automaker says it "cannot confirm" a report in a German newspaper that sales have collapsed since it admitted to understating carbon-dioxide-emissions levels in some cars....More
  • Newswire

    UPDATE 5-VW cuts 2016 capital spending plan as cheating scandal widens  

    * VW cuts 2016 capex plan to 12 bln euros from 13 bln * Says 75,000 more U.S. vehicles have excess emissions * Details of vehicle fixes provided to US regulators (Adds EPA saying VW provided initial proposal on vehicle fixes) By Andreas Cremer and David Shepardson WOLFSBURG, Germany/WASHINGTON, Nov 20 (Reuters) - Volkswagen AG cut 1 billion euros ($1.1 billion) from its 2016 investment plan on Friday, as its emissions cheating scandal expanded to include tens of thousands more U.S. vehicles....More
  • Newswire

    EC Gives VW Until Year's End to Provide CO2 Data  

    The European Union's executive branch turned down the automaker's request for extra time to provide information regarding "irregularities" in reporting carbon-dioxide emissions....More
  • Newswire

    Bust Looming Behind China's SUV Boom  

    SUV sales soared 46% from January-October compared with year-ago while the overall market grew 1.5%, but IHS Automotive predicts the segment will grow only 11% next year....More
  • Newswire

    CORRECTED-Volkswagen says 120,000 U.S. diesel owners will get gift cards, repairs  

    (Corrects headline to 120,000 from 120,00) Nov 18 (Reuters) - Volkswagen of America said on Wednesday that 120,000 owners of diesel cars that have violated U.S. emission standards will receive $500 gift cards and $500 toward vehicle repairs. Last week, Volkswagen said it was offering a $500 prepaid Visa gift card, a separate card good for $500 toward services at a VW dealerships and free 24-hour roadside assistance for three years. In total, that could mean at least $120 million in benefits to the participating owners....More
  • Newswire

    U.K. Light-Vehicle Output Slips in October  

    Last month's result reflected slackening domestic demand offsetting an increase in exports, which account for about 80% of cars built in the region....More


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