Volkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of its $16.5 billion diesel emissions settlement to date. VW's dealers will receive an average of $1.85 million each on average over 18 months under the settlement.
BMW will offer voice connectivity on new vehicles using Amazon's Alexa home wireless service. The upgraded BMW Connected smartphone app using Alexa will be available in the United States in early October, the company said.
Fontinalis Partners of Detroit has led an investment of $2.5 million in Karamba Security, a company based in Hod Hasharon, Israel, that makes cybersecurity solutions for connected and autonomous vehicles.
Have 5 minutes? Catch up on what you want to know twice each day.
Our in-depth authoritative automotive coverage and degree of access from the boardroom to the showroom makes Automotive News unrivaled in the industry. Chances are, if you're not subscribed to Automotive News, you're missing information that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news - we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.