NEWS

Toyota Passes 9-Million Hybrid Sales Mark

5/20/2016

Toyota Motor Corp. says it has sold more than 9 million hybrid-powered vehicles worldwide since launching its Coaster and Prius hybrids in 1997.

VW to Lift Hourly Wages 4.8% in Germany

5/20/2016

Volkswagen AG has agreed to raise pay for some 120,000 hourly workers in Germany by nearly 5% over the next two years.

Volvo’s China Sales Chief Quits

5/20/2016

Volvo Car Group says Fu Qiang, its sales chief in China, has resigned for personal reasons, says Automotive News China.

Latest Aston Martin Zagato Blends British Styling with Italian Flair

5/20/2016

Aston Martin Lagonda Ltd. and Italian design house Zagato Design srl have teamed up again on a new concept car that will be publicly unveiled at this weekend’s Concorso d'Eleganza in Lake Como, Italy.

VW to Unveil “Mobility Provider” Strategy

5/20/2016

Volkswagen AG CEO Matthias Mueller tells senior managers the company will emerge from its diesel emission scandal with determination to reshape itself into a “mobility provider,” Reuters reports.

Panasonic May Step Up Investment in Tesla Battery Factory

5/20/2016

Panasonic Corp. tells reporters it may accelerate its investment in Tesla Motors Inc.’s giant battery plant in Nevada.

Daimler Earmarks €500 Million for Takata Airbag Inflator Recalls

5/20/2016

Daimler AG says it will set aside roughly €500 million ($560 million) in 2016 to cover the cost of recalling vehicles equipped with Takata Corp. airbag inflators that could explode.

FCA Snubs German Diesel Emission Meeting

5/20/2016

Fiat Chrysler Automobiles NV decided on Thursday not to attend a meeting requested by Germany’s transport minister to discuss possible emission violations by FCA’s diesel engines.

Uber Posts Autonomous Selfie

5/19/2016

Uber Technologies Inc. is ramping up testing of its automated-driving technology on public roads in Pittsburgh.

Cadillac Drops ELR Hybrid Coupe

5/19/2016

General Motors Co.’s Cadillac marque confirms it has stopped making its slow-selling plug-in hybrid ELR sport coupe.