Former Texas dealer fails in bid to overturn U.S. money laundering sentenceFri, 27, May 2016
A suburban Dallas ex-dealer has failed to overturn his 188-month prison term in a money laundering conspiracy that enabled drug dealers, pimps and other criminals to pay cash for luxury vehicles without reporting the transactions to the IRS.
Takata hires financial adviser to mull restructuring optionsWed, 25, May 2016
Takata hired investment bank Lazard to lead efforts to seek new investment and help resolve financial issues stemming from its record-setting recall of tens of millions of airbag inflators that can rupture.
VW argues penalties sought by U.S. over diesel scandal are excessiveWed, 25, May 2016
Volkswagen argued in a court filing that fines sought by the U.S. government to penalize the company for rigging diesel vehicles to cheat emissions tests are excessive.
Mitsubishi names new r&d chief, restates earningsWed, 25, May 2016
Mitsubishi said Nissan executive Mitsuhiko Yamashita will become its r&d chief, part of a management overhaul in the wake of a fuel-economy scandal that also prompted the automaker to restate its annual earnings. Mitsubishi CEO Osamu Masuko will also be president, taking over the role from Tetsuro Aikawa, who will leave the company.
VW, U.S. make 'substantial progress' toward settlement, judge saysTue, 24, May 2016
Volkswagen and lawyers for owners and the U.S. government have made "substantial progress" toward reaching a final agreement by late June, a federal judge said today.
Investor groups call for new probe of VW scandalMon, 23, May 2016
Three investor groups called for a new, independent investigation into Volkswagen's emissions test-rigging scandal, saying the inquiries launched by the German carmaker so far may not be far-reaching or transparent enough.
Cruise Automation ex-partners settle dispute after GM dealThu, 19, May 2016
The two co-founders of Cruise Automation, the self-driving car startup acquired by General Motors for a reported $1 billion, settled their dispute and will dismiss their lawsuits against each other.
VW Group faces U.S. patent probe over hybridsWed, 18, May 2016
The U.S. International Trade Commission launched an investigation into whether Volkswagen AG and its subsidiaries infringed upon hybrid electric vehicle patents owned by Baltimore-based Paice.
Suzuki used wrong fuel efficiency tests on 16 models in JapanWed, 18, May 2016
Suzuki said it had used fuel efficiency and emission testing methods that were different from Japanese regulations on 16 models now sold in the country, but that proper testing showed no need to amend the data.
BMW i3 can suddenly lose power under range extender, lawsuit claimsWed, 18, May 2016
A BMW i3 owner in the U.S. filed a lawsuit claiming that the EV can experience a sudden loss of power when a feature designed to nearly double its driving range is deployed.
Mitsubishi president steps down amid fuel economy scandalWed, 18, May 2016
The president of Mitsubishi Motors will step down after less than two years in the job amid a widening fuel economy scandal that torpedoed the company's sales and led to it selling a controlling stake to rival Nissan.
VW seeks dismissal of some U.S. emissions claimsWed, 18, May 2016
VW asked a California judge to dismiss some claims in a suit filed by the U.S. government over diesel vehicles rigged to cheat pollution controls. VW said the U.S. suit lacks facts to support claims that any VW defendants knew about defeat devices in vehicles with 3.0-liter engines.