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Samsung Continues Automotive Push with Harman Acquisition
11/14/2016South Korea’s Samsung Electronics Co. says it has reached an agreement to buy Stamford, Conn.-based audio and telematics giant Harman International Industries Inc. for about $8 billion.
European Truckmakers Face €100 Billion Claim for Price Fixing
11/14/2016Five of Europe’s largest commercial truckmakers could face a combined claim for as much as €100 billion ($108 billion) in damages for fixing prices over a 14-year period.
Mazda Ready to Debut Diesel Models for U.S.
11/14/2016Mazda Motor Corp. reportedly has finally cleared regulatory approvals to introduce two diesel-powered models in the U.S. next year.
VW Says it Can Explain Audi Software That Alters Emission Results
11/14/2016Volkswagen AG says it can “clarify” apparent discrepancies in the carbon dioxide emissions of cars and crossover vehicles sold by its Audi unit.
Toyota Agrees to $3.4 Billion Settlement for Rust Lawsuit
11/14/2016Toyota Motor Corp. has agreed to pay as much as $3.4 billion to settle complaints in the U.S. that frames of its pickup trucks and SUVs could rust through and fail, The Detroit News reports.
BMW Aim to Hike Sales of Electrified Vehicles 67% Next Year
11/14/2016BMW AG hopes to sell 100,000 hybrid and all-electric vehicles in 2017, up from 60,000 units this year, CEO Harald Krueger tells Germany’s Sueddeutsche Zeitung.
FTC Wants to Expand Probe of Alleged Diesel Document Destruction at VW
11/14/2016The U.S. Federal Trade Commission has asked a federal judge for permission to question another Volkswagen AG official about allegations the company destroyed documents related to its diesel emission test cheating.
Qualcomm Inks Licensing Deal for Wireless Charging Tech
11/11/2016Qualcomm Inc. has signed an agreement to license its wireless electric vehicle charging (WEVC) technology to Preh GmbH, which was acquired by China’s Joyson Electronics Group in 2011.
Audi CEO Faces New Questions About Cheater Software
11/11/2016Audi AG CEO Rupert Stadler faces a new round of questioning about the company’s efforts to manipulate government certification tests.
BMW’s Labor Chief Touts Electrification
11/11/2016BMW AG must speed pace of electrifying its vehicle lineup, says Manfred Schoch, deputy chair of the company's supervisory board and the company’s top labor representative.