They say that New York is the city that never sleeps. It’s busy 24 hours a day, and there’s a lot to do, so what’s the best way to travel around the Big Apple? There are so many ways to get around that we have nailed it down to, what we believe, are the best […]
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Volkswagen turns down judge’s call to settle German class action on emissions
Volkswagen this week rejected a German judge’s call to settle a customer class action lawsuit that concerns its rigging of diesel emissions tests, stating there was no case to answer. VW admitted utilizing illegal software to cheat U.S. diesel engine tests in 2015, a scandal which has cost it over $30 billion in vehicle refits, […]
FCA to pay $40 million over inflated sales figures
Fiat Chrysler Automobiles NV and its U.S. unit is set to pay $40 million for misleading investors regarding its monthly sales figures and will resolve a lengthy probe by the U.S. Securities and Exchange Commission (SEC). During a five-year period from 2012 through 2016, Fiat Chrysler’s U.S. unit used a series of misleading moves to […]
BMW is not interested in settling EU cartel investigations
German automaker BMW has no interest in settling an investigations by the European Union antitrust officials against the company and other German automakers, German magazine WirtschaftsWoche reported on Friday, mentioning company sources. In April, EU cartel regulators had charged BMW, Daimler and Volkswagen for colluding to block the rollout of cleaner emissions technology from 2006 […]
Jaguar Land Rover to halt output at UK factories for a week in November
Britain’s biggest automaker, Jaguar Land Rover, will stop production at its British factories for a week in November, its boss stated, joining BMW and Toyota in plans to help reduce any immediate disruption from a no-deal Brexit. The industry, Britain’s biggest exporter of goods, has frequently expressed its concerns that a disorderly departure from the […]
Toyota to raise its Subaru stake
Toyota Motor is going to raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers stated on Friday, as they leverage their scale to better rival in developing new vehicle technologies. The investment comes one month after Toyota and another smaller Japanese automaker, Suzuki Motor, stated they would take small […]
Ford self-driving cars to be introduced in Austin in 2021
Ford Motor stated on Wednesday it will include Austin, Texas, to the short list of cities where it prepares to start a commercial transportation service utilizing automated vehicles in 2021. The U.S. automaker earlier stated it would start transporting people and goods in automated vehicles in Miami and Washington. Ford’s self-driving system, currently being tested […]
Volkswagen CEO, chairman to stay in office regardless of charges
Volkswagen’s CEO and chairman will continue to stay in office, the company’s supervisory board stated on Wednesday, a day after German prosecutors brought charges against them for their role in a diesel emissions scandal. The automaker’s supervisory board has not found any evidence that CEO Herbert Diess and Chairman Hans Dieter Poetsch were really late […]
Ford close to joint venture deal with Mahindra in India
Ford Motor and Mahindra & Mahindra are possibly going to sign a deal next week to form a joint venture in India, two sources informed Reuters, in a move that will see the U.S. automaker end most of its independent operations in the nation. The two companies have for months been thinking of a deal […]
Volkswagen considers bringing ride-hailing services to African roadblocks
Volkswagen’s Africa boss Thomas Schaefer is placing a $50 million bet on a new business built around ride-hailing and car-sharing in Africa. VW is using Rwanda as its laboratory. “It was almost an industrial experiment,” Schaefer informed Reuters. The German automaker’s project was released with some fanfare last December in Kigali – the capital and […]
Japan will not be affected by US auto tariffs if progress continues
U.S. President Donald Trump’s top economic adviser stated on Thursday that the United States would hold off imposing tariffs on Japanese auto exports to the United States if trade talks continue to advance, a day after the two countries revealed a limited trade deal. “So long as the good will progress of this deal continues, […]
Ford recalls 322,000 cars due to battery fire risk
Ford is recalling about 322,000 cars whose batteries could catch fire because of acid leakage, trade publication kfz-betrieb reported on Monday, mentioning Germany’s KBA federal motor authority. According to the report, the recall covers Mondeo, S-MAX and Galaxy vehicles made between Feb. 13, 2014 and Feb. 11, 2019, including about 101,000 cars were affected in […]
BMW CFO aims to cut 5,000-6,000 jobs by 2022
BMW’s finance chief Nicolas Peter wants to slash between 5,000 and 6,000 jobs by 2022, mainly at the automaker’s Munich headquarters, a German magazine reported on Thursday. Manager Magazin also stated that Ilka Horstmeier was a favorite to head human resources, where as Milan Nedeljkovic would take over as head of production. BMW, which refused […]
Tesla takes on Porsche with battle on toughest circuit of Germany
Tesla TSLA aims to take away Porsche’s bragging rights by testing its Model S on the northern loop of Germany’s Nuerburgring circuit, using a marketing tool that German automakers have long used to tout the superiority of their items. Germany’s Auto Motor und Sport recently published photographs of a Tesla with “100D+” markings on the […]
5 most expensive cars in the world in 2019
The most expensive cars are a treat for the eyes and have the same appeal as to that of the paintings of master artists that are only within reach of the rich and powerful. These cars differ from other cars in two aspects – firstly, only limited quantities are produced because only a few can […]
