Mexican Media Brands
VW May Set Up Two Funds to Settle U.S. Diesel Cheating Scandal
Volkswagen AG is negotiating to create two remediation funds in the U.S. that would compensate for the environmental damage caused by diesels it rigged to evade emission standards, sources tell Bloomberg News.
China’s Baidu to Test Driverless Cars in U.S.
Baidu Inc.—often described as the Google of China—says it plans to begin testing self-driving cars in the U.S. later this year.
Report: Tech Issues Delay VW Diesel Recall in Germany
Volkswagen AG’s schedule to fix the emission systems on some 2.5 million diesel car in Germany is being delayed at least six weeks, Bild reports.
VW Finance Unit Takes Writedown Against Impact of Diesel Scandal
Volkswagen Financial Services AG has set aside €353 million ($382 million) to cover the possible drop in trade-in value for leased vehicles tainted by the company’s diesel emission cheating scandal.
Congress Urged to Pass National Laws for Autonomous Cars
The technology for self-driving cars is moving fast. But carmakers, Silicon Valley developers and ride-share providers agree that putting such vehicles on the road in large numbers won’t happen without nationwide rules to govern their use.
Toyota Partners with Japanese Cities on Clean Hydrogen Production
Later this year Toyota Motor Corp. will begin testing 12 fuel cell-powered forklifts that run on hydrogen generated via a wind-powered water electrolysis process.
Audi Drops Diesel Option on U.S. A4 Sedan
Audi AG has abandoned plans to offer a 4-cylinder diesel option for U.S. versions of its redesigned A4 sedan, which will debut in April.
Wrenching
As the political season is getting down to the nuts and bolts, and as there is the expected amount of flag-waving going on, it strikes us as appropriate to point out that Craftsman Industrial has come out with a new line of wrenches that, unlike those available from other sources, are proudly made in the U.S.A.
Second GM Ignition Switch Bellwether Lawsuit Begins
This week marks the start of the second of six trials designed to test courtroom strategies involving hundreds of lawsuits filed about defective General Motors Co. ignition switches.
Investor Lawsuit Claims VW Breached Capital Market Rules
A worldwide group of 278 institutional investors has filed a €3.2 billion ($3.6 billion) lawsuit in Germany against Volkswagen AG for failing to disclose the company’s diesel emission cheating sooner.