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VW Likely to Suspend Stock Dividend
3/30/2016Volkswagen AG’s board appears likely to suspend the company’s quarterly dividend to help pay for the escalating costs of remedying its diesel emission cheating scandal.
Midsize Cars Fail to Light the Way in IIHS Headlight Tests
3/30/2016None of the base versions of the 31 midsize cars tested by the Insurance Institute for Highway Safety received the group’s highest “good” rating for headlight performance.
China Ponders Cutbacks on EV Incentives
3/30/2016China’s central government is studying a plan to cut incentives on electric buses and high-priced electric cars.
Car Sales Drop 30% in Thailand
3/30/2016New-car sales in Thailand plunged to 17,800 units last month from 25,400 in February 2015, according to Toyota Motor Corp., which tracks market statistics in the country.
BYD Targets Aggressive EV Growth
3/29/2016China’s BYD Co. reports a 551% spike in net profits to 2.82 billion yuan ($430 million) on a 40% increase in sales to 77.6 billion yuan, respectively, last year.
Guidelines Due Soon for Self-Driving Cars in U.S.
3/29/2016Carmakers can expect U.S. guidelines within a few months for technologies that enable autonomous vehicles, says Transportation Secretary Anthony Foxx.
Dads Develop Sensor/Alert System to Prevent “Car-Alone” Kids
3/29/2016Two Florida men have developed a new device to help prevent children from being inadvertently left alone in a vehicle.
U.S. Sues VW Over “Clean Diesel” Ad Claims
3/29/2016The U.S. Federal Trade Commission has accused Volkswagen USA of false and misleading advertising for promoting “clean diesels” that had been rigged to cheat federal emission tests.
Takata to Seek New Capital As Recall Costs Rise
3/29/2016Takata Corp. is expected to pursue more capital in September as it braces for sharing costs of multiple recalls to replace roughly 50 million airbag inflators that could explode, according to Kyodo News.
Volvo Doubles Up on Luxury with “Excellent” XC90 Plug-In Hybrid
3/29/2016Volvo Car Corp. will launch sales of the ultra-luxury version of its flagship XC90 crossover/SUV in the U.S. this summer starting at nearly $105,000, which is more than double the base XC90’s $45,000 sticker price.