DETROIT (Reuters) – Volkswagen’s (VOWG_p.DE) core autos division increased vehicle sales to a record 6.23 million cars last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe. Although the emissions test-cheating scandal of September 2015 has cost the German group billions of… Continue reading UPDATE 1-VW brand car sales hit record 6.23 mln in 2017
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UPDATE 3-Ford plans $11 billion investment, 40 electrified vehicles by 2022
DETROIT (Reuters) – Ford Motor Co (F.N) will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. The investment figure is sharply higher than a previously announced target… Continue reading UPDATE 3-Ford plans $11 billion investment, 40 electrified vehicles by 2022
VW to spend more than $3.3 bln through 2020 on U.S. model expansion
DETROIT (Reuters) – Volkswagen (VOWG_p.DE) plans to spend more than $3.3 billion on development and production of new models in North America from 2018 to 2020 as the German group reboots operations in the world’s second-largest auto market. Some $1.2 billion of the planned investments are destined for the United States where Volkswagen in 2018… Continue reading VW to spend more than $3.3 bln through 2020 on U.S. model expansion
UPDATE 1-Ford ups electric vehicle plans to $11 billion by 2022 – executive
(Reuters) – Ford Motor Co (F.N) will increase significantly its planned investments in electric vehicles to $11 billion by 2022, Chairman Bill Ford told reporters on Sunday at the Detroit auto show. This is up from a previously announced target of $4.5 billion by 2020. The investments will be made in full electric and plug-in… Continue reading UPDATE 1-Ford ups electric vehicle plans to $11 billion by 2022 – executive
VW brand car sales hit 6.23 mln record in 2017
DETROIT (Reuters) – Volkswagen’s (VOWG_p.DE) core autos division increased vehicle sales to a new record last year, as rising demand for VW brand models in the Americas and the key Chinese market offset a decline in western Europe. Although the emissions test-cheating scandal of September 2015 has cost the German group billions of euros in… Continue reading VW brand car sales hit 6.23 mln record in 2017
U.S. transit chief to unveil revised self-driving car guidelines
DETROIT (Reuters) – The Trump administration plans to unveil revised self-driving car guidelines this summer as the government works to rewrite regulations that pose legal barriers to robot vehicles, U.S. Transportation Secretary Elaine Chao said on Sunday. Chao said the revised guidelines would address not only self-driving automobiles but also “barriers to the safe integration… Continue reading U.S. transit chief to unveil revised self-driving car guidelines
Ford unveils future Ranger pickup for segment rivals dominate
DETROIT (Reuters) – Ford Motor Co (F.N) on Sunday will officially take the wraps off its long-awaited Ranger midsize pickup truck, a year ahead of its arrival in showrooms, as rivals consolidate positions in a segment Detroit automakers once gave up for dead. Ford executives did not disclose prices or fuel efficiency ratings for the… Continue reading Ford unveils future Ranger pickup for segment rivals dominate
Volkswagen’s Canadian unit agrees to settle class action lawsuit
(Reuters) – Volkswagen AG’s (VOWG_p.DE) Canadian unit said on Friday it had agreed to settle a class action lawsuit by compensating users of some Volkswagen, Audi and Porsche diesel vehicles over emission issues. Under the proposed settlement, the company will compensate 20,000 car owners and lessees with cash and other benefits worth up to C$290.5… Continue reading Volkswagen’s Canadian unit agrees to settle class action lawsuit
Fiat Chrysler recalls 162,000 minivans over glitch that may cause stall
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) said on Friday it was recalling more than 162,000 2017 Chrysler Pacifica minivans because a software glitch may cause the vehicles to stall. The Italian-American automaker said one accident had potentially been linked to the defect. Under a rare set of conditions, a vehicle’s engine control module… Continue reading Fiat Chrysler recalls 162,000 minivans over glitch that may cause stall
UPDATE 2-Ford urges 2,900 pickup owners to stop driving after new Takata death
WASHINGTON (Reuters) – Ford Motor Co said on Thursday it had confirmed a second death in an older pickup truck caused by a defective airbag inflator of Takata Corp and urged 2,900 owners in North America to stop driving immediately until they can get replacement parts. The second largest U.S. automaker said it confirmed in… Continue reading UPDATE 2-Ford urges 2,900 pickup owners to stop driving after new Takata death