VW shareholders call for reforms in wake of 4.3 bln dollars US deal

By Edward Taylor FRANKFURT, Jan 12 : Volkswagen investors demanded greater transparency and reforms at the carmaker after it admitted to criminal offences in rigging U.S. emissions tests and U.S. prosecutors indicted six current and former managers over the scandal. The German company agreed to pay $4.3 billion in civil and criminal fines in a […]

Canadian automakers urge moves to offset carbon emissions costs

By Allison Lampert and Andrea Hopkins MONTREAL, OTTAWA Jan 12 : Canadian auto industry executives are asking government ministers to mitigate the costs of reducing carbon emissions under a new program designed to help fight climate change, two sources familiar with the matter said. The demand has taken on greater urgency with U.S. President-elect Donald […]

VW faces reforms, oversight for 3 yrs under US settlement

By David Shepardson WASHINGTON, Jan 13 : Volkswagen AG, as part of a $4.3 billion settlement with U.S. regulators, agreed to sweeping reforms, new audits and oversight by an independent monitor for three years to resolve diesel emissions cheating investigations. Under the settlement of charges it installed secret software in U.S. vehicles to allow them […]

Automakers, suppliers team up to share costs of self-driving cars

By Paul Lienert and Alexandria Sage LAS VEGAS, Jan 8 : Automotive suppliers and automakers are expanding alliances to develop self-driving car technology that can serve multiple automakers, as the race to put such vehicles on the road separates companies that can go it alone from those that need help sharing the financial and technical […]

As Trump targets Toyota over Mexico, Nissan faces bigger risk

By Naomi Tajitsu TOKYO, Jan 6 : – U.S. President-elect Donald Trump has threatened Toyota Motor Corp over its Mexican-built cars, but the biggest risk from a punitive tariff would be for its compatriot Nissan Motor Co, the largest automaker operating in the country. Trump has criticised U.S. companies like General Motors and Ford Motor […]

US judge delays sentencing of VW employee aiding in emission probe

By David Shepardson WASHINGTON, Jan 4 : A federal judge delayed the sentencing a German man who is the only person to face US criminal charges over Volkswagen’s diesel emission cheating scandal, as he cooperates with prosecutors still investigating the matter. In September, James R. Liang, who has worked for Volkswagen since 1983 and was […]