NEWS

Girsky to Leave GM Board

4/22/2016

Steve Girsky, the Wall Street advisor who joined General Motors Co.’s board in 2009, will retire from that post in July.

Diesel Charges Drag VW into €4.1 Billion Operating Loss

4/22/2016

Volkswagen AG says special charges of €16.2 billion ($18.3 billion) related to its diesel emission cheating scandal pushed the company into a €4.1 billion ($4.6 billion) operating loss in 2015.

Musk: Public Transport Must Be Reinvented

4/22/2016

Tesla Motors Inc. is evaluating a new autonomous vehicle platform that CEO Elon Musk hints could be an alternative to traditional public transportation.

Ford to Bring F-150 Pickup to China

4/22/2016

Ford Motor Co. will begin selling the F-150 Raptor off-road pickup next year in China, marking the first time the company has offered a pickup truck in the country.

Europe’s Commercial Truck Sales Rise 8%

4/22/2016

Truckmakers sold 248,800 vehicles in Europe last month, up 8% from March 2015, according to industry group ACEA.

Daimler Begins Probe into Its Own U.S. Emission Testing

4/22/2016

Daimler AG says it has responded to a request by the U.S. Dept. of Justice to investigate its own diesel testing procedure for U.S emission standards.

FCA Recalls Vans That Could Shift Themselves Into Neutral

4/22/2016

Fiat Chrysler Automobiles NV is recalling 26,900 vans in the U.S. and Canada that could spontaneously shift into neutral when brought to a stop.

France’s Anti-Fraud Agency Raids PSA Offices

4/22/2016

Investigators from France’s anti-fraud unit raided five Groupe PSA offices on Thursday to collect data regarding reported carbon dioxide emission levels from three of the carmaker’s models.

Ride-Hailing Services Top Rental Cars for Business Travelers

4/21/2016

More business travelers in the U.S. around using ride-hailing services instead of rental cars, according to Certify LLC, a North American provider of travel and management software.

Skoda Workers Agree to 11% Hike in Compensation

4/21/2016

Union workers at Volkswagen AG’s Skoda unit in the Czech Republic have agreed on a two-year labor contract that will hike their wages 3.5% in April and 3% in January, Reuters reports, which cites a company newsletter.