U.S. court declines to shield Volkswagen in diesel scandal lawsuits

Volkswagen logo

A U.S. appeals court ruled on Monday that German automaker Volkswagen AG cannot escape possible financial penalties from two counties in Florida and Utah that may amount to a “staggering” extra liability arising from the automaker’s diesel emissions scandal. The unanimous ruling made by a three-judge panel of the 9th U.S. Circuit Court of Appeals, […]

Indian automakers offer teaser loans as RBI softens stance

car manufacturing india

Maruti Suzuki, Hyundai and Mercedes Benz are providing Indian auto buyers “teaser loans”, a move that sources stated came after softening of the central bank’s stance because of a coronavirus-induced economic slump. Although the Reserve Bank of India (RBI) never prohibited teaser loans, which provide low interest rates for a limited period before jumping, its […]

Volvo Cars sales in May declined only 2.5 percent in the US

Volvo car images

Volvo Cars USA reports 9,519 cars sold in May 2020, making it a strong month-over-month result, dropping only 2.5 percent. Overall year-to-date sales declined 18.2 percent Sales were down just 2.5 percent, and the number reflects a strong result from the automaker’s business Coronavirus restart plan, swift activation of digital tools to support consumers, and […]

Opel to include PSA model to Ruesselsheim production

2018 Buick Regal Sedan and Wagon Spy

German automaker Opel is preparing to start manufacturing a compact car for French parent PSA at its main Ruesselsheim plant from mid-2021 onwards, German business daily Handelsblatt reported, and mentioned company sources for their information. The car will be based on PSA’s EMP2 vehicle platform, the paper reported, saying the move could be officially declared […]

Hyundai sales in May fall sharply year-on-year due to COVID-19

Hyundai Nexo images

South Korea’s Hyundai Motors stated on Monday its provisional May sales dropped 39% year-on-year to 217,510 vehicles worldwide, as the coronavirus outbreak continued to damage demand in key markets. Sales however increased 30% from 167,693 vehicles in April. Its domestic sales increased 5% year-on-year, led by popular models such as the Grandeur sedan and new models […]