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Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker

Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker

Thu, Nov 07, 2024

In terms of operating profit alone, Hyundai Motor Group ranked second among global competitors after Toyota Group.

Samvardhana Motherson: Volkswagen warns to close plant in Germany

Samvardhana Motherson: Volkswagen warns to close plant in Germany

Tue, Sep 03, 2024

Samvardhana Motherson: Volkswagen warns to close plant in Germany. A big step related to cost cutting by Volkswagen. 9% revenue share from Volkswagen in FY24

Auto Roundup | Explore this week's vehicle launches, sales reports, limited editions and other notable highlights

Auto Roundup | Explore this week's vehicle launches, sales reports, limited editions and other notable highlights

Fri, Jul 05, 2024

Auto Roundup: Dive into this week's flurry of automotive updates. Highlights include the debut of the Bajaj Freedom 125, the world's first CNG bike, along with sales reports from auto giants like Kia, Mahindra, Ola Electric, Bajaj, and more. Stay informed with all the crucial automotive news of the week.

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Volkswagen agrees to fix, buy back more polluting US diesel vehicles

Volkswagen agrees to fix, buy back more polluting US diesel vehicles

Wed, Dec 21, 2016

Volkswagen AG has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States (US) as the German automaker on Tuesday took new steps to put its emissions cheating scandal behind it.

Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions

Volkswagen agrees to spend up to C$2.1 billion over Canadian emissions

Tue, Dec 20, 2016

Volkswagen AG has agreed to spend up to $2.1 billion Canadian dollars to buy back or fix 105,000 polluting diesels and compensate owners in Canada, the company said Monday.

US judge 'optimistic' for deal in 3.0-litre diesel Volkswagen case

US judge 'optimistic' for deal in 3.0-litre diesel Volkswagen case

Sat, Dec 17, 2016

A US federal judge overseeing the Volkswagen emissions scandal said on Friday he is optimistic about reaching an agreement for the last 80,000 vehicles affected in the United States (US). A new hearing has been set for Monday to review the German automaker`s proposals.

Volkswagen agrees to pay $200 million into US pollution reduction fund

Volkswagen agrees to pay $200 million into US pollution reduction fund

Sat, Dec 17, 2016

Volkswagen AG has agreed to pay more than $200 million into a fund created to cut diesel pollution, part of its agreement over about 80,000 3.0-litre diesel vehicles that emitted more than the US legal limit, a person briefed on the settlement told Reuters.

Japan's Honda ties up with ride-hailing service Grab

Japan's Honda ties up with ride-hailing service Grab

Mon, Dec 12, 2016

Southeast Asian ride-hailing service Grab disclosed on Monday that Japan`s Honda Motor Company had invested in the firm, as part of a $750 million funding announced previously, to collaborate on motorbike-hailing services.

Tesla & McLaren now included in Takata airbag recall

Tesla & McLaren now included in Takata airbag recall

Sat, Dec 10, 2016

Cars produced by US electric automaker Tesla and Britain`s McLaren now are included in the sprawling safety recall for defective Takata airbags, the US Transportation Department said on Friday.

VW Ameo's nearly 50% sales decline in November sinks it to the bottom of C1 segment

VW Ameo's nearly 50% sales decline in November sinks it to the bottom of C1 segment

Thu, Dec 08, 2016

Ameo sales was in fact one of the lowest in the C1 segment in the month of November.

South Korea to slap VW with record fine of nearly $32 million, pursue executives over emission ads

South Korea to slap VW with record fine of nearly $32 million, pursue executives over emission ads

Wed, Dec 07, 2016

South Korea`s antitrust watchdog said on Wednesday it will file criminal complaints against several executives at Volkswagen AG`s South Korean unit and fine the company a record 37.3 billion won ($31.87 million) for false advertising over its vehicle emissions.

Apple shows ambition to get into self-driving car race

Sun, Dec 04, 2016

Apple Inc is wading in to the debate over regulation of self-driving cars, declaring it is excited about the potential for automated transportation and calling on US regulators not to restrict testing of such vehicles.

Despite demonetisation Maruti Suzuki, Toyota post double digit sales growth in November

Despite demonetisation Maruti Suzuki, Toyota post double digit sales growth in November

Thu, Dec 01, 2016

While companies such as Maruti Suzuki India, Toyota, Tata Motors and Renault saw a double digit growth in sales in November, auto companies say that they have been seeing an impact of

Nissan, BMW, Porsche face sales ban in South Korea

Nissan, BMW, Porsche face sales ban in South Korea

Wed, Nov 30, 2016

South Korea is to ban sales of some cars made by Porsche, BMW and Nissan, and fine the companies over $5 million as a probe into emissions documentation widens.

Volkswagen to build car assembly plant in Algeria

Volkswagen to build car assembly plant in Algeria

Mon, Nov 28, 2016

Volkswagen on Sunday signed a deal with its Algerian sales partner Sovac for the construction of a vehicle assembly plant in the North African country, officials told a news conference.

Volkswagen to cut 30,000 jobs at VW brand by 2021

Fri, Nov 18, 2016

German carmaker Volkswagen and its labour unions have agreed to 30,000 job cuts by 2021 at its VW brand as part of a plan to boost profitability and fund a shift to electric and self-driving cars after its emissions scandal, a source told Reuters on Friday.

Volkswagen's Audi hit with fresh emissions cheating lawsuit

Volkswagen's Audi hit with fresh emissions cheating lawsuit

Thu, Nov 10, 2016

Embattled Volkswagen is facing a new lawsuit in US courts over devices used to cheat emissions standards, this one against luxury brand Audi, according to court documents.

German prosecutors confirm investigation of VW chairman

German prosecutors confirm investigation of VW chairman

Mon, Nov 07, 2016

The investigation by prosecutors in Braunschweig focuses on whether Volkswagen (VW) in 2015 manipulated markets by delaying the release of information about the financial impact of its emissions test-cheating scandal.

Volkswagen board to discuss brand overhaul on November 4

Thu, Nov 03, 2016

Volkswagen's supervisory board will hold an extraordinary meeting on Friday, November 4, to consult on a wide-ranging restructuring of the carmaker, two sources close to the board told Reuters on Wednesday.

New car launches drive festive sales in October

New car launches drive festive sales in October

Tue, Nov 01, 2016

Volkswagen said that its sales shot up by 70% in October 2016 as the company launched 'made-for-India' Ameo is the reason for the this high growth in sales during the festive period.

Volkswagen brings 99 Polo GTIs to India

Volkswagen brings 99 Polo GTIs to India

Tue, Nov 01, 2016

Volkswagen's much awaited performance hatchback Polo GTI has received nearly 100 bookings before its launch in November.

Volkswagen expects 5-digit number of job cuts in coming years: Report

Volkswagen expects 5-digit number of job cuts in coming years: Report

Sun, Oct 30, 2016

Volkswagen (VW) expects the shift to electric cars to cost a five-digit number of jobs in coming years, the Frankfurter Allgemeine Zeitung newspaper reported, citing the carmaker's human resources chief.

Volkswagen posts 2.28 billion-euro profit one year after 'Dieselgate'

Volkswagen posts 2.28 billion-euro profit one year after 'Dieselgate'

Thu, Oct 27, 2016

The still incalculable costs of the affair -- including regulatory fines and legal costs -- pushed VW into the red for the first time in more than 20 years last year when it booked a loss of 1.6 billion euros due to the provisions it was forced to set aside.

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