Some U.S. Investor Claims Allowed to Proceed in VW Diesel Scandal

U.S. investors may proceed with certain legal claims that Volkswagen AG recklessly understated the financial liabilities of its diesel emission cheating—but only in statements made after May 2014, a federal judge in California rules.

Cooper Standard Opens More Testing and Prototyping Centers in China

Novi, Mich.-based Cooper Standard Holdings Inc. has opened two more facilities in Shanghai to support current and future customers in Asia.

China Readies Huge Capacity to Make EV Batteries

Chinese companies plan to add enough capacity annually to produce almost 160 gigawatt-hours of lithium-ion battery cells for electric and plug-in vehicles by 2021, Bloomberg Intelligence predicts.

Fitch Raises VW Debt Rating to “Stable”

Fitch Ratings has raised its outlook for Volkswagen AG debt to “stable” from “negative” after concluding that risks associated with the carmaker’s diesel emission cheating scandal now appear to be clearly defined.

German Government Forms Diesel Group to Study Emissions

Germany’s ministries of transport and environment are launching a government-industry forum to study ways of lowering exhaust emissions from diesel engines.

Apple Leases Hertz Cars for Autonomous Vehicle Testing

Apple Inc. is leasing vehicles from Hertz Global Holdings Inc. to equip for tests of the company's technologies for self-driving vehicles, Bloomberg News reports.

Nvidia Inks Deep Learning Development Deals with Volvo and VW

California chipmaker Nvidia Corp. has signed separate agreements with Volvo Car Group and Volkswagen AG to develop “deep learning” artificial intelligence systems for autonomous vehicle technologies.

FEV to Expand Auburn Hills Tech Center

Germany’s FEV GmbH is adding a vehicle testing center at its Auburn Hills, Mich., complex.

Waymo, Avis Budget Partner on Self-Driving-Car Test

Rental car giant Avis Budget Group has agreed to provide maintenance services and fleet support for self-driving test vehicles operated in Phoenix by Alphabet Inc.’s Waymo driverless car unit.

Germany May Demand Software Updates for 12 Million Diesels

Germany’s Transport Ministry is in talks with several carmakers about updating the emission control software in 12 million of the diesel-powered vehicles they sold in Europe.