VW's U.S. settlement to grow to $15 billion in emissions scandal, report saysMon, 27, Jun 2016
Volkswagen AG's settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at more than $15 billion cash, two sources briefed on the matter told Reuters on Monday.
VW owners to get buyback price plus at least $5,100 in U.S. dealTue, 28, Jun 2016
VW's decision to cheat on the 2.0-liter diesel vehicles it made the cornerstone of its U.S. vehicle lineup will cost the company nearly $15 billion in far-reaching settlements with purchasers of those cars and the U.S. government.
Fiat Chrysler rollaway recall linked to 68 injuries, 266 crashesTue, 28, Jun 2016
U.S. safety regulators said on Tuesday there were 68 reported injuries and 266 reported crashes in vehicles, including 2014-2015 Fiat Chrysler Jeep Grand Cherokee models with a type of gear-shifting control that has confused some consumers and led to rollaway incidents, prompting a recall.
Uber, Lyft settle litigation involving top executivesTue, 28, Jun 2016
Rival ride services Uber and Lyft have settled high stakes litigation involving two of their top executives, court filings show, in advance of a trial that could have aired sensitive details about both companies.
Takata CEO says he'll step down once 'new regime' is in placeTue, 28, Jun 2016
Takata CEO Shigehisa Takada said he will resign after a "new management regime" is found, finally heeding calls for change so that the auto parts supplier can move ahead in dealing with a multibillion dollar airbag recall.
Lyft hires investment banker Qatalyst to explore options, report saysMon, 27, Jun 2016
Lyft, the U.S. ride-hailing startup with ties to General Motors, is working with Qatalyst Partners to explore deal options, a person familiar with the matter told Bloomberg.
Ford's Indonesian dealers demand compensation after abrupt withdrawalMon, 27, Jun 2016
Ford's dealers in Indonesia are demanding around $75 million in compensation after the U.S. carmaker announced in January it would close all operations in Southeast Asia's biggest economy.
China may lift cap on foreign carmaker stakes in JVsMon, 27, Jun 2016
China's government is considering the removal of caps on stakes foreign carmakers can own in joint ventures with local partners, potentially loosening a policy criticized for shielding state-owned companies from competition and building their own brands.
Aston Martin's financial losses nearly doubleMon, 27, Jun 2016
Aston Martin made a pre-tax loss of 127.9 million pounds in 2015, the fifth consecutive year the company has failed to make a profit, as the number of cars it sold fell and as it invests in expansion. Last year, the automaker reported a pre-tax loss of 71.8 million pounds.
Legal hassles possible for U.S. companies in wake of BrexitFri, 24, Jun 2016
International automotive companies should prepare for tricky legal issues -- especially on trademarks and trade treaties -- as the United Kingdom exits the EU. That's the advice from Jeff Sadowski, a suburban Detroit patent attorney for Howard and Howard.
Penske Automotive, Group 1 shares plunge after Brexit voteFri, 24, Jun 2016
Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.
A new giant could make more vehicles than ToyotaMon, 27, Jun 2016
Nissan's proposed takeover of Mitsubishi Motors would produce a Renault-Nissan-Mitsubishi giant that could overtake Toyota in global light-vehicle production by 2017, predicts consultancy LMC Automotive.