Tag: VW

VW asks U.S. appeals court to reconsider ruling on diesel emissions updates

(Reuters) – Volkswagen AG (VOWG_p.DE) on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling that said two counties could seek financial penalties over excess diesel emissions that might cost the German automaker billions of dollars. FILE PHOTO: A logo of German carmaker Volkswagen is seen on a car parked on… Continue reading VW asks U.S. appeals court to reconsider ruling on diesel emissions updates

Ford posts profit, but expects full-year 2020 loss

(Reuters) – Ford Motor Co (F.N) on Thursday said it expects a full-year loss but added it should have ample cash on hand throughout the rest of 2020, even if global demand falls further or the COVID-19 pandemic forces more shutdowns of vehicle assembly plants. FILE PHOTO: The Ford logo is seen at the North… Continue reading Ford posts profit, but expects full-year 2020 loss

Odd couple: Audi S5 Sportback vs. Dodge Charger Scat Pack Plus

Autoplay Show Thumbnails Show Captions Last SlideNext Slide My comparison cars this week have much in common. They are muscle models from notable performance brands. They bear fresh, head-swiveling colors: one District Green, the other Sinamon Stick red. Both have elegant “T” shifters, sculpted 20-inch wheels, elevated sticker prices and multiple words in their badges. Yet… Continue reading Odd couple: Audi S5 Sportback vs. Dodge Charger Scat Pack Plus

@VW Group: 30Jul Italdesign and Ducati to introduce Urban-E, the new foldable e-bike The e-bike will be available starting from September

Italdesign and Ducati together to present Urban-E, the folding e-bike ideal for urban mobility, combining innovative and ergonomic solutions with a unique style. Available in black or gray versions, Urban-E is built on a special aluminum frame, designed by the Ducatidesigners in collaboration with their colleagues working at the Industrial Design Division of Italdesign, featuring… Continue reading @VW Group: 30Jul Italdesign and Ducati to introduce Urban-E, the new foldable e-bike The e-bike will be available starting from September

Twin storms batter struggling Nissan-Renault-Mitsubishi alliance

TOKYO — It has only been a few months since the carmakers that form the Renault-Nissan-Mitsubishi alliance announced some of the most dire annual results in their history — but anyone who thought that marked the end of their trials has been roundly disabused of the notion. Renault announced Thursday that it posted a record… Continue reading Twin storms batter struggling Nissan-Renault-Mitsubishi alliance

Visteon Announces Second-Quarter 2020 Results

Net sales of $371 million; 48% reduction Y/Y excluding currencyIndustry production down 45% Y/Y; Visteon customers down 53% Y/YVisteon sales outperformed customer production by five percentage points$1.7 billion in new business and 21 new product launches YTDCash of $759 million; no significant near-term debt maturitiesVAN BUREN TOWNSHIP, Mich., July 30, 2020 (GLOBE NEWSWIRE) — Visteon… Continue reading Visteon Announces Second-Quarter 2020 Results

Volkswagen boss: Herbert Diess receives surprising internal backing

Herbert Diess According to insiders, he barely escaped a layoff, but lost the position as head of the main VW brand, which he held alongside his duties as group leader. (Photo: dpa) Düsseldorf After the turmoil of the past few weeks and speculation about a possible replacement Volkswagen-Boss Herbert Diess received unusual backing from the… Continue reading Volkswagen boss: Herbert Diess receives surprising internal backing

Dax sells over 2 percent – Volkswagen deep in the red

After his days of lethargy with courses between 12,800 and 12,900 points, theDax clearly decided on Thursday to go down. The leading index dropped by a good 300 points to 12,524.84 points, which meant a minus of 2.3 percent. The MDax of medium-sized stocks fell on Thursday by 1.4 percent to 26,463 points, the Eurozone… Continue reading Dax sells over 2 percent – Volkswagen deep in the red

Porsche’s return targets are a long way off

The sports car maker tooPorschepays in the Corona crisis a strong profit and sees its long-term return targets moving far away. Porsche AG’s operating result fell by more than a quarter to a good EUR 1.2 billion in the first half of the year, as can be seen from the parent company’s Volkswagen annual report… Continue reading Porsche’s return targets are a long way off