Diesel collapse gives carmakers carbon headache

Volkswagen’s I.D. Crozz, I.D. Vizzion and I.D. Buzz model cars at the 88th International Motor Show at Palexpo in Geneva, Switzerland. Photo: Denis Balibouse/Reuters The accelerating demise of diesel, long used by carmakers to boost fuel-efficiency, is undermining their plans to meet looming European Union CO2 goals and avoid big annual fines. Executives gathered at… Continue reading Diesel collapse gives carmakers carbon headache

Volkswagen CEO Matthias Mueller Vows to be ‘Part of Solution’ on Diesel

Mueller gave an upbeat view after last year’s record sales of 10.7 million vehicles. He said, “we are on the offensive and we’re going to stay that way.” PTI Updated:March 15, 2018, 8:16 PM IST Volkswagen CEO Matthias Mueller poses for a photograph after an interview with Reuters ahead of the 88th International Motor Show… Continue reading Volkswagen CEO Matthias Mueller Vows to be ‘Part of Solution’ on Diesel

Volkswagen picks partners for $25bn battery orders in electric cars push

Volkswagen has picked partners to provide battery cells and related technology worth around €20 billion ($25bn) for its growing electric car programme, adding further pressure on US pioneer Tesla. Until its “dieselgate” emissions scandal was revealed two-and-a-half years ago, Europe’s largest automaker had been slow to embrace electric cars. But the fraud prompted a strategic… Continue reading Volkswagen picks partners for $25bn battery orders in electric cars push

VW Boss Predicts ‘Renaissance’ for Embattled Diesel Cars

Toyota Motor Corp. announced plans to drop diesel models from its European portfolio this year even as  Volkswagen AG, which sparked the fury over the technology, predicts a rebound. The diverging views of the world’s two largest automakers reflects the uncertainty over the future of diesel, which has faced a steady drumbeat of bad news… Continue reading VW Boss Predicts ‘Renaissance’ for Embattled Diesel Cars

Peter Horbury: the British designer behind fast-growing Geely

Peter Horbury, Geely’s global head of design since 2011, reckons few things about the car business surprise him these days. We’re chatting comfortably on Ford’s Geneva motor show stand, surrounded by Blue Oval-badged cars Horbury didn’t design, yet some of the Alnwick-born master-designer’s comfort with life undoubtedly flows from the fact that over a 45-year… Continue reading Peter Horbury: the British designer behind fast-growing Geely

Carlos Ghosn Wants a Full-Fledged Renault-Nissan Union

Carlos Ghosn has revived two troubled automakers and he’s in the midst of doing so with a third. Now, he’s poised to undertake what might well be his final act: A full merger of Renault SA and Nissan Motor Co. after almost two decades of cooperation under a complex cross-shareholding alliance. Carlos Ghosn Photographer: Christophe… Continue reading Carlos Ghosn Wants a Full-Fledged Renault-Nissan Union

Lincoln looks to SUVs for salvation as sedan sales stall

Just two years after Ford Motor Co. bet the revival of its Lincoln luxury line on the return of the Continental sedan, it’s reversing course and going all in on sport utility vehicles instead. Despite its retro Rat Pack allusions and elegant evocation of Bentley styling, the Continental didn’t sell as expected. Sales are down… Continue reading Lincoln looks to SUVs for salvation as sedan sales stall

Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’

Peugeot, the PSA Group’s most successful brand, grew its sales significantly by 10.4% last year. In stark contrast to the performances of siblings Citroën and DS, whose sales declined 7.5% and 38.5% respectively, Peugeot sold 2,119,845 cars across the 12 months. That’s more than two-thirds of PSA’s total. Buoyed by this strong performance, Peugeot chief… Continue reading Peugeot boss: ‘We can hit CO2 goals without dedicated EVs’

CNBC Exclusive: CNBC Transcript: General Motors Chairman & CEO Mary Barra Speaks with CNBC’s Brian Sullivan …

WHEN: Today, Wednesday, March 7, 2018 WHERE: CNBC’s “Power Lunch” – From CERAWeek by IHS Markit in Houston, TX Following is an unofficial transcript of a CNBC EXCLUSIVE interview with General Motors Chairman & CEO Mary Barra and CNBC’s Brian Sullivan on CNBC’s “Power Lunch” (M-F 1PM-3PM) today, Wednesday, March 7, 2018. Following is a… Continue reading CNBC Exclusive: CNBC Transcript: General Motors Chairman & CEO Mary Barra Speaks with CNBC’s Brian Sullivan …

VW boss says ‘risk of jail’ justifies mega salary

FRANKFURT AM MAIN, Germany – The head of German car giant Volkswagen, still grappling with the fallout from a huge emissions cheating scandal, on Friday defended his 10-million-euro salary by saying it made up for the risk of having “one foot in jail”. In an interview with news weekly Der Spiegel, Matthias Mueller said he… Continue reading VW boss says ‘risk of jail’ justifies mega salary