AN Daily E-mail -- WEDNESDAY
VW chairman under fire from investors for dual role in crisisWed, 22, Jun 2016
VW Group Chairman Hans Dieter Poetsch bore the brunt of investor dissatisfaction over the automaker's handling of its emissions cheating scandal during the company's annual shareholder meeting today, with some even trying to remove him as host of the gathering.
Kia leads industry in J.D. Power quality studyWed, 22, Jun 2016
Kia overtook Porsche to lead the industry in J.D. Power's annual report card on vehicle quality, marking the first time in 27 years that a nonpremium brand has topped the list. Kia, with 83 problems reported per 100 vehicles, joins Toyota as the only nonpremium brands to have finished first in the 30-year history of the Initial Quality Study.
Musk sees $1 trillion Tesla but shares drop over SolarCity dealTue, 21, Jun 2016
Tesla CEO Elon Musk said the company's proposed acquisition of SolarCity could eventually push the electric car maker's valuation to $1 trillion, but investors strongly disagreed.
Tesla, Toyota cited by MIT Tech Review for smart initiativesWed, 22, Jun 2016
Two automakers -- Tesla and Toyota -- made the cut in MIT Technology Review’s list of the “50 Smartest Companies” in 2016.
Mercedes cleared to sell 2017 E class in U.S.Wed, 22, Jun 2016
The redesigned 2017 E-class sedan is on its way to U.S. dealerships after Mercedes-Benz received its final necessary certification approvals earlier this week.
UAW set to strike Monday at Sakthi Automotive in DetroitWed, 22, Jun 2016
Union employees plan to strike at aluminum castings supplier Sakthi Automotive Group Inc. USA in Detroit for what they say are unfair labor practices.
Musk buys Musk -- Tesla's SolarCity deal by the numbersWed, 22, Jun 2016
Tesla's offer to buy SolarCity for as much as $2.86 billion in stock boggles the mind. There's basically two ways to look at why Musk is behind the deal. Either Musk is bailing out a beleaguered company that's run by his cousin, Lyndon Rive, or he's consolidating a clean-energy empire at rock-bottom prices. Or both.
VW gets approval for fixes on another 1 million diesel carsWed, 22, Jun 2016
Volkswagen CEO Matthias Mueller says the automaker has received regulatory approval for technical fixes on another 1 million diesel cars, mainly Golf models, and expects the number to keep growing.
Nissan CEO Ghosn's pay tops $9 million for second yearWed, 22, Jun 2016
Nissan CEO Carlos Ghosn received a 3.5 percent pay rise to take his total compensation to more than $9.58 million for the second straight year after the automaker's profit climbed to a record.
Faraday cleared to test self-driving cars on California roadsTue, 21, Jun 2016
Faraday Future plans to begin testing prototype self-driving electric vehicles on California roads later this year after winning approval from the state.
FCA will get up to $66.5 million from Ontario for r&d, Pacifica-related trainingWed, 15, Jun 2016
Ontario will provide up to $85.8 million Canadian ($66.5 million) to Fiat Chrysler to help fund training and research.
NADA Academy expands offerings for dealership personnelWed, 15, Jun 2016
The National Automobile Dealers Association is building on its NADA Academy training program by launching NADA Academy Plus, which will require attendance from a dealership “full-time student” along with five department managers, the association said Wednesday.