VW whips up miracle view of U.S.Sun, 01, May 2016
The U.S. may be ground zero for Volkswagen's diesel scandal, but company executives proclaimed it the most important source of long-term growth for VW and said they are at work on a new brand strategy for the region.
Mitsubishi Motors has cash to weather scandal, but brand reputation hurt againFri, 29, Apr 2016
Mitsubishi Motors' market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should contain the potential damages.
VW CEO eyes solid 2016 growth despite crisisThu, 28, Apr 2016
VW Group has a chance to post solid growth in its operating business this year even as it grapples with its emissions-cheating scandal and a strategic repositioning, CEO Matthias Mueller said. Cost reductions at Europe's largest automaker are "in full swing" at individual brands and across the group, he added.
VW brand reports $144 million Q4 loss on emissions crisisThu, 28, Apr 2016
VW Group's namesake car brand slumped to a loss in the fourth quarter as the emissions-cheating scandal tarnished its reputation and added costs to appease customers and dealers. The VW brand posted a loss of 127 million euros ($144 million) in the final three months of 2015.
Mitsubishi says 2013-17 audit showed no U.S. testing flawsWed, 27, Apr 2016
Mitsubishi Motors, embroiled in a scandal over inflated fuel economy ratings for small cars sold in Japan, said today that an internal audit has found no testing problems with cars sold in the United States between model years 2013 and 2017.
Automakers face deadline to challenge deposition orders in supplier price-fixing litigationWed, 27, Apr 2016
General Motors, Fiat Chrysler, Toyota and other automakers by next week must decide if they will challenge an order that they give depositions in the massive Detroit civil lawsuit alleging price-fixing in the supply chain.
Why the Porsche-Piech family is not rushing in to fix VWWed, 27, Apr 2016
The Porsche-Piech clan, led by Wolfgang Porsche, that controls scandal-hit VW Group has the voting power to muscle through change at the automaker, but family members are not acting on it. That has left a power vacuum even as VW faces costs that could top $30 billion.
Mitsubishi CEO, COO likely to resign over cheating, report saysWed, 27, Apr 2016
Mitsubishi Motors CEO Osamu Masuko and COO Tetsuro Aikawa are likely to resign over the Japanese automaker's manipulation of fuel economy data, Japanese media reported today. The scandal has halved the company's market value in a week.
VW said to hire McKinsey to address diesel scandalWed, 27, Apr 2016
VW Group has hired external advisers McKinsey & Co. to better react to the turmoil caused by its emissions cheating and help draft a strategy to move beyond the scandal, people familiar with the matter told Bloomberg.
VW presentation described how to cheat emissions tests, report saysWed, 27, Apr 2016
A Volkswagen PowerPoint presentation from 2006 described “in detail” how the German automaker could cheat on stringent U.S. emissions tests, the New York Times reported today.
Mitsubishi COO denies he and CEO plan to step downWed, 27, Apr 2016
Mitsubishi Motors COO Tetsuro Aikawa today denied Japanese media reports that he and CEO Osamu Masuko plan to resign over the Japanese automaker's manipulation of fuel economy data. He added that the automaker has "absolutely no plans" to pull out of the automotive market
Mitsubishi's existence at risk as fraud case widensWed, 27, Apr 2016
For the second time in about a decade, Mitsubishi faces a scandal that could affect the company's very existence after the automaker admitted improperly testing the fuel economy of its cars over the past 25 years.