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Report: Tech Issues Delay VW Diesel Recall in Germany
3/16/2016Volkswagen 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
3/16/2016Volkswagen 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.
Under-18 Americans Eager to Own Cars
3/16/2016Almost one in four members of the American population is under 18 years of age—and 92% of them want to own a car, according to research by Autotrader and Kelley Blue Book.
Congress Urged to Pass National Laws for Autonomous Cars
3/16/2016The 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.
Hybrid Sales in Europe Expected to Triple in 3 Years
3/15/2016Demand for hybrid-powered cars in Europe will triple in three years to more than 750,000 units as carmakers rush to met eurozone limits for carbon dioxide emissions that take effect in 2020, according to LMC Automotive data reported by Automotive News Europe.
Toyota Balks at Wage Demands in Japan
3/15/2016Toyota Motor Corp. appears likely to offer its factory workers in Japan a monthly raise of 1,500 yen ($13.26) after complaining it couldn’t afford a 1,000-yen raise because of rising regulatory costs and the appreciating yen.
FCA Clears Path to Chrysler’s Cash
3/15/2016Fiat Chrysler Automobiles NV has finally cleared away covenants that limited its access to cash generated by its U.S. unit since Fiat and Chrysler fully merged in 2014.
Toyota Partners with Japanese Cities on Clean Hydrogen Production
3/15/2016Later 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
3/15/2016Audi 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.
Dacia CEO to Head AvtoVAZ
3/15/2016Russian carmaker OAO AvtoVAZ has named Nicolas Maure to become its new CEO on April 4.