Dealers are breathing again in Russia. The local automotive market, still led by Lada, a subsidiary of Renault, recorded last year a volume of 1.59 million new registered vehicles, an increase of 11.9% compared to 2016. Phenomenon attributable in particular to the bottom current level of inflation and the stability of the ruble, which gives… Continue reading Car sales return to Russia after four years of diving
Tag: VW
Fiat CEO Sees Room to Double Profit by 2022
Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne, one of the longest-serving bosses in the auto industry, said the company can double profit within five years by exploiting the potential of the Jeep brand. Sergio Marchionne Photographer: Chris Ratcliffe/Bloomberg With the offroad nameplate in position to grab as much as 20 percent of the… Continue reading Fiat CEO Sees Room to Double Profit by 2022
Detroit Motor Show: Tesla, Porsche & Co. Stay Home
General Motors at Detroit 2018 + The American automaker is loyal to the traditional car show. (Photo: Bloomberg) Even a few years ago, the car industry had an unwritten law: In January, the top management in the large car companies prescribed a holiday ban. The start of the year Detroit Motor Show heralded the new… Continue reading Detroit Motor Show: Tesla, Porsche & Co. Stay Home
Detroit auto show: The Gallery event at Cobo Center
None Alan Peters of Troy, right, checks out the Bentley Bentayga SUV as his brother Matt Peters, left, also of Troy, takes a pogo of the Bentley logo during the Gallery held at Cobo Center in downtown Detroit on Saturday, Jan. 13, 2018. Junfu Han, Detroit Free Press
Weekly Review: Consumer Electronic Show 2018
This week’s CES 2018 was what almost everything was about. Chinese IT giant Baidu has found new partners: With QNX for their operating system, with ZF for one Valet parking, With TomTom for cards and with Infineon for the advancement of Apollo, Source: Mercedes-Benz The startup Byton from China also introduced his model, which was… Continue reading Weekly Review: Consumer Electronic Show 2018
Ford Ranger added to US line-up as mid-size pick-up demand rockets
The Ford Ranger has been launched in the US to satisfy burgeoning demand in the mid-size pick-up truck market. Announced at the Detroit motor show, the Nissan Navara and Volkswagen Amarok rival enters a class that has grown by 83% since 2014 in the US. In comparison, the segment grew in the UK by a mere 6% from… Continue reading Ford Ranger added to US line-up as mid-size pick-up demand rockets
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
Porsche Ordered to Reveal Who Knew What About VW Diesel Scam
Porsche SE’s board was ordered by a German court to answer critical shareholder questions about what management at Volkswagen AG and the carmaker’s majority investor knew about the diesel scandal and whether any evidence was destroyed. The holding company’s board must answer five questions originally asked at its 2016 annual shareholders meeting, a Stuttgart court said in… Continue reading Porsche Ordered to Reveal Who Knew What About VW Diesel Scam
German court orders Porsche SE to reveal Dieselgate details
A German court has ordered Porsche SE, the investment company behind Porsche, to reveal whether it believes documents were destroyed when the Dieselgate scandal broke. According to Automotive News Europe, Porsche SE’s board must answer five questions relating to what was known of Volkswagen Group emissions cheat practices before they were exposed in September 2015. The… Continue reading German court orders Porsche SE to reveal Dieselgate details
Full speed ahead – volkswagen-media-services.com
They will be manufactured on the basis of the new all-electric architecture (MEB in German). This concept is the central element with the architecture of electric vehicles. The first model of this new generation will be the I.D. in 2020. Preparations for this phase will also take place at the sites in 2018. In Salzgitter,… Continue reading Full speed ahead – volkswagen-media-services.com