Latest in Tag: carmaker Highlight

BMW outlines new digital strategy

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Latest in Tag: carmaker


VW takes top carmaker spot despite scandal

Germany’s biggest carmaker is now the world’s biggest. Volkswagen appears to have wrested the title from Toyota, despite new developments in the ongoing scandal that has tarnished its reputation.Germany’s Volkswagen appears to have overtaken Japanese rival Toyota to become the world’s biggest carmaker, according to company data issued Tuesday. Last year, VW notched up global …

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Tesla shares flying on surprise profit

Tesla shares have gained more than seven percent after the electric-car and battery maker reported its first quarterly profit in three years and said it was on track to meet its delivery targets for the year.

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BMW teams up with Intel, Mobileye

German carmaker BMW has announced that it’s entered into a technology alliance with chipmaker Intel and computer vision specialist Mobileye. The move is meant to support the firm’s focus on self-driving vehicles.

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VW: Compensation claims and a lot more

German carmaker Volkswagen and US authorities are expected to reach a settlement agreement, which might make it clear for the first time how much the “Dieselgate” emissions-cheating scandal would cost the company there.

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VW mulls e-battery factory of its own

Media reports have suggested German carmaker Volkswagen is considering building its own battery production facility to foster e-mobility. It could be a crucial move to lessen dependence on Asian producers.

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BMW outlines new digital strategy

German luxury carmaker BMW has presented a new long-term strategy aimed at strengthening the company’s market position in the digital age. Autonomous driving and e-mobility are high on the firm’s agenda.

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Volkswagen’s US boss Michael Horn resigns

The German carmaker’s top boss in the US has stepped down almost six months after the firm became embroiled in an emissions cheating scandal. Michael Horn said he was leaving Volkswagen to “pursue other opportunities.”

Deutsche Welle

Civil lawsuit against VW will prove a costly affair

After the US authorities filed a civil lawsuit against German carmaker Volkswagen over its emissions-cheating scandal, analysts are trying to figure out how much the lawsuit will cost VW. There will be no cheap escape.
After the US authorities filed a civil lawsuit against German carmaker Volkswagen over its emissions-cheating scandal, analysts are trying to figure out how much the lawsuit will cost VW. There will be no cheap escape.

Deutsche Welle

VW admits to more cheating on 3-liter diesels

Volkswagen has said thousands more of its luxury cars and SUVs contain “defeat devices” than originally believed. The deceptive software was installed on vehicles going back as far as 2009. Germany’s largest carmaker told federal regulators in the US on Friday that thousands more of its 3.0-liter V-6 diesel cars and SUVs were equipped with …

Deutsche Welle

Toyota beats VW sales

Japan’s Toyota has reported its nine-month sales figures, showing that the company shifted more vehicles than German rival Volkswagen. Both firms had to announce massive recalls recently, albeit for different reasons. Toyota raced back to the top of the global sales table after logging 7.498 million vehicles in the first three quarters of 2015, the …

Deutsche Welle

VW halts European sales of rigged cars

German carmaker Volkswagen has announced it has stopped the sale of new vehicles in the EU fitted with the emissions-cheating software. The cars in question will first be fixed and then put up for sale again. Volkswagen said Wednesday it had completely halted the sale of vehicles in the EU which came equipped with software …

Deutsche Welle

Starbucks, Fiat to repay illegal tax advantages

US coffee retailer Starbucks and the financing arm of Italian carmaker Fiat must repay several million of euros in illegal tax advantages. The ruling is part of an EU clampdown on corporate tax avoidance. EU Competition Commissioner Margrethe Vestager announced Wednesday that tax rulings which “artificially reduce a company’s tax burden” were illegal because they …

Deutsche Welle

VW Europe sales rise amid market upswing

Volkswagen saw sales rise in September – the month in which news of its emissions cheating scandal broke. But its sales grew below the market average, in a first sign the scandal might soon be taking a heavier toll. The European Automobile Manufacturers’ Association (ACEA) published sales figures for the month of September on Friday, …

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EU could demand back loans from VW

The European Investment Bank (EIB) could demand billions of euros in loans back from Volkswagen, if it determines that Europe’s largest carmaker misused the money to cheat on diesel emissions data. Since 1990, the EIB has extended loans to VW worth some 4.6 billion euros ($5.2 billion) for the development of cleaner motors and production …

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Spain not hit by VW investment revision

The government in Madrid has said Spain will not be affected by German carmaker VW’s upcoming investment revision in the wake of its emission tests scandal. It said promised resources would be allocated as planned. VW’s current endeavors to come to grips with its scandal over rigged diesel-engine emission tests would have no impact on …

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Germany in damage containment mode over VW

German cabinet ministers have said they’d do everything in their power to help shed light on carmaker VW’s scandal surrounding its efforts to thwart US pollution tests. They saw no lasting damage to German industry. The German government said it had ordered extensive tests on all Volkswagen diesel models in the country. Transport Minister Alexander …

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