European | SpeedLux

Canada starts emissions reduction fund from Volkswagen fine

Canada has started a fund on Thursday to invest in community-based projects to reduce emissions, with the bulk of the money coming from a fine that Volkswagen AG paid for

Bugatti5 years ago

Volkswagen reportedly in talks to sell Bugatti to Croatia’s Rimac

Volkswagen is in talks to sell its supercar brand Bugatti to Croatian businessman Mate Rimac, Manager Magazin said on Thursday citing individuals familiar with the talks. The sale to Mate

Luxury5 years ago

Ferrari gives grand tourer a makeover with new Portofino M

Ferrari rolled out the Portofino M, a modified version of its top-selling gran tourer, on Wednesday as the sportscar maker looks for a rapid turn over of new models despite

Volkswagen5 years ago

Volkswagen plans to take stake in rental firm Sixt

German automaker Volkswagen prepares to take a stake in Sixt, a rental firm that has branched out into mobility services such as car-sharing and ride-hailing, Manager Magazine reported on Wednesday.

Fiat5 years ago

Fiat Chrysler shares increased by PSA merger deal revision

Shares in Fiat Chrysler Automobiles (FCA) increased sharply in Milan on Tuesday after the automaker and French partner PSA modified the terms of their merger deal, with FCA’s shareholders getting

BMW5 years ago

BMW to use software from Tactile Mobility in next-gen vehicles

Israel’s Tactile Mobility said on Tuesday its software will be embedded into the German automaker BMW’s next-generation vehicles starting in 2021. The collaboration will gear up with BMW vehicles with the

Daimler5 years ago

Daimler to pay $2.2 billion in diesel emissions cheating settlements in the U.S.

German automaker Daimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, according to court documents. The automaker

Daimler5 years ago

U.S. to reveal Daimler diesel emissions cheating settlement

German automaker Daimler AG is set to pay an $875 million civil penalty for violating clean air laws of the U.S., as part of a $1.5 billion settlement with the

Volkswagen5 years ago

Navistar declines Traton’s buyout offer, calls it a starting point

Navistar International on Monday turned down Volkswagen truck unit Traton‘s buyout offer of $43 per share, but said it was a starting point for finding out a possible transaction. The German

Skoda5 years ago

Skoda aims to shift some production in Czech Republic

Volkswagen’s Czech unit Skoda Auto plans to move production of some high-earning models to other automaker’s plants in other countries, the automaker’s trade union boss said in an article on

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