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VW Shifts Focus to Hybrids, EVs
10/13/2015Volkswagen AG says it is "repositioning itself for the future" with a greater focus on plug-in hybrid and all-electric vehicles.
ACEA Pleads for “Realistic” Timeframe for New Diesel Emission Tests
10/13/2015Industry trade group ACEA is urging the European Commission to adopt "realistic timeframes and conditions" for more accurately assessing exhaust emissions from diesels.
Hollywood Swoops in on VW Diesel Fiasco
10/13/2015Motion picture studio Paramount Pictures has acquired movie rights to a planned book about Volkswagen AG's diesel emission cheating scandal.
VW Targets €3 Billion Savings from Suppliers
10/13/2015Volkswagen AG hopes to save €3 billion by demanding lower prices from its suppliers as it braces for the cost of fixing as many as 11 million diesels rigged to cheat emission tests, Handelsblatt reports.
VW’s Credit Rating Reduced by Standard & Poor’s
10/13/2015Volkswagen AG's credit rating on long-term debt has been lowered one notch from A to A- by Standard & Poor's Ratings Services as a result of the company's global diesel emission cheating scandal, Bloomberg News reports.
UAW Aims to Complete Vote on FCA Contract Next Week
10/13/2015The United Auto Workers union is giving its 40,000 Fiat Chrysler Automobiles NV workers a week to ponder a new proposed four-year labor contract before voting on the agreement Oct. 20-21.
China to Probe VW Diesel Emission Compliance
10/12/2015China has joined Europe, Japan and the U.S. in launching its own investigation into whether Volkswagen sold vehicles in the country powered by diesel engines rigged with software to cheat emissions standards, Bloomberg News reports.
New Nissan Gran Turismo Concept is Red Hot
10/12/2015Nissan Motor Co. will take the wraps off a new version of its 2020 Vision Gran Turismo concept car later this month at the Tokyo auto show.
Mazda3 Sedan Recalled to Fix Fuel Tank Valve
10/12/2015Mazda Motor Corp. is recalling 14,400 Mazda3 sedans in the U.S. to repair a faulty fuel tank shut-off valve.
Tesla’s Musk Mocks Apple’s Car Project
10/12/2015Tesla Motors Inc. CEO Elon Musk dismisses the likelihood of Apple Inc. developing a car to compete with his company's high-performance electric models.