NEWS

Vehicle Sales in China Climb 8%

2/19/2016

Wholesales of cars and commercial vehicles in China jumped 8% to 2.5 million units last month, bolstered by the government’s tax cut on cars equipped with small engines, according to the China Assn. of Automobile Manufacturers.

Look Mom, No Keys!

2/19/2016

Volvo Cars Corp. has developed a new smartphone application designed to eliminate the need for traditional car keys.

VW Office in South Korea Raided in Diesel Emissions Probe

2/19/2016

Earlier today South Korean prosecutors raided the local offices of Volkswagen AG and its Audi unit and the home of an unidentified senior company executive as part of an investigation into diesel emission cheating.

U.S. Demand for Diesel Cars Collapses

2/19/2016

Sales of diesel-powered passenger cars have nearly vanished in the wake of Volkswagen AG’s admission five months ago that it doctored 580,000 of its diesels to cheat U.S. emission standards, The Wall Street Journal reports.

Brazil, Argentina Agree to Pursue Free Trade on Cars

2/19/2016

Trade ministries in Brazil and Argentina have agreed to cautiously move toward the free trade of cars between their two countries.

GM Will Sell $2 Billion in Notes to Bolster Pension Fund

2/19/2016

General Motors Co. says it will issue $2 billion in 20- and 30-year notes to bolster the value of assets that cover its obligation to some 360,000 hourly workers in the U.S.

India Says VW Diesel Emissions were 9x Allowable Limits

2/18/2016

India says tests show that some of Volkswagen AG’s diesel-powered vehicles emit as much as nine times the country’s allowable limit for oxides of nitrogen.

Chinese Startup Touts High-Mileage Turbine-Electric Technology

2/18/2016

Techrules, a mysterious Beijing-based startup company, says it has developed a turbine-electric supercar that generates 1,000 hp and can travel more than 1,200 miles between charges.

Prison Terms Demanded for Two Ex-Porsche Execs

2/18/2016

Two former Porsche Automobil Holding SE executives each deserve more than two years in prison for manipulating the market price of Volkswagen AG in a failed attempt to acquire the company nearly eight years ago, according to prosecutors in Germany.

Volvo Wagons Up with All-New V90

2/18/2016

Volvo Car Corp. aims to re-energize the premium wagon market in the U.S. with its stylish new V90, which will be publicly introduced at the upcoming Geneva auto show.