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VW Opts to Keep Diesel Cheating Report Secret
5/10/2017Volkswagen AG tells shareholders it won’t release the findings of an independent probe into its diesel emission scandal because doing so would raise the risk of “massive” fines and multiple lawsuits.
Semi-Autonomous Vehicle Market Forecast to Grow 140% by 2021
5/10/2017Annual global sales of vehicles equipped with some sort of semi-autonomous driving features are expected to grow nearly 20% per year to total 7.8 million vehicles by 2021, according to a new report by MarketsandMarkets.
Takata Nears Decision on Restructuring as Losses Deepen
5/10/2017Takata Corp. reports a record loss of 79.6 billion yen ($699 million) for the year ended March 31 on rising costs associated with its explosion-prone airbag inflators.
MotoGP Adds Electric Motorcycle Races
5/10/2017MotoGP, the Grand Prix motorcycle racing circuit, plans to add an all-electric offshoot for the 2019 season.
Toyota’s Quarterly Net Profit Falls 7%
5/10/2017Toyota Motor Corp. President Akio Toyota says he feels “a strong sense of crisis” after reporting the company’s net income declined 7% to 398 billion yen ($3.5 billion) in the fiscal fourth quarter ended March 31.
BMW to Bring Back Diesel 5 Series in U.S.
5/10/2017After a one-year hiatus, BMW AG will offer a diesel engine on the 5 Series midsize sedan in the U.S. for the 2018 model year.
More States Plan to Raise Taxes on Fuel
5/10/2017Three states—California, Indiana and Tennessee—have raised taxes on gasoline so far this year, and South Carolina is poised to join them, The Wall Street Journal reports.
Toyota C-HR Crossover Surges to Top-Seller in Japan
5/10/2017Toyota Motor Corp.’s new C-HR subcompact crossover vehicle is the first SUV in at least 10 years to become Japan’s best-selling model.
Ford Board Questions CEO Fields on Strategy
5/10/2017Ford Motor Co.’s board extra meeting time on Tuesday to question CEO Mark Fields about the company’s costly push into such new technologies as electric cars and autonomous vehicles, according to multiple media reports.
Daimler Drops 2017-Model Diesels for U.S.
5/10/2017Daimler AG tells Reuters it has abandoned its effort to certify diesel-powered 2017 model year Mercedes-Benz cars for the U.S. market.