Tesla plans to raise additional cash this yearUPDATED: 8/31/16 10:22 am ET -- adds analyst quote Tesla plans to raise additional cash this year to help fund development and production of its new Model 3 sedan and build out a giant battery factory, the company said today.
VW could agree to U.S. large-car diesel fix by October, Audi sales chief says
VW Group could reach a final settlement with U.S. authorities as early as October over its 3.0-liter diesel engine with emissions-cheating software in VW, Audi and Porsche cars, said Dietmar Voggenreiter, Audi's global sales chief.
Calif. startup aims to take autonomous cars to next level with new languageDrive.ai, a Mountain View, Calif., based technology company staffed by experts from Stanford University's Artificial Intelligence Laboratory, has become the latest entrant in the autonomous-vehicle race, with an assist from a prominent ex-Detroit 3 executive.
VW CEO expects turnaround to start bearing fruit in 2-3 yearsVolkswagen AG CEO Matthias Mueller is pushing forward with a technological and organizational revamp of Europe's largest carmaker despite internal opposition and expects his efforts to begin bearing fruit in two to three years.
Ford gains on GM in executive diversityFord's promotion of veteran executive Joy Falotico as the first woman to lead its credit unit puts the company a step closer to gender parity with General Motors among the U.S. automakers' inner circles.
VW reviews procurement strategy in wake of supplier disputeUPDATED: 8/30/16 10:14 am ET -- adds details Volkswagen is reviewing its supplier and procurement strategy to avoid another dispute such as the one that caused production slowdowns and stoppages this month, CEO Matthias Mueller said.
Piech queried Winterkorn on VW scandal, paper saysFormer VW Group Chairman Ferdinand Piech tried unsuccessfully to query ex-CEO Martin Winterkorn about the automaker's emissions scandal a month before the two had a public falling out, a German newspaper reported. The revelations possibly shed new light on how the scandal unfolded.
BMW plans 7-series coupe to boost sales of top model line, report saysBMW plans to launch a sporty two-door version of its 7-series flagship sedan, Bloomberg reported. The luxury coupe could be the first of several new 7-series versions.
What's Lutz got to say about it?
Bob Lutz's opinions may be a dime a dozen, but they are never boring. Thus -- courtesy of Car and Driver -- here are new takes on several hot-button topics from the ex-BMW/Ford/Chrysler/General Motors superstar, now 84.