Blog

10 cars that are favorites of owners – Bankrate.com

Friday, September 25, 2015

© General Motors 10 cars that are favorites among owners A large group of owners giving high ratings to their cars can boost your confidence in the cars you’re thinking about buying. Research firm AutoPacific’s 2015 Ideal Vehicle Awards makes such ratings based on responses from new car owners after 90 days of ownership. Here are our 10 favorite cars from their picks. Looking for an auto loan to buy…

VW scandal: British cars face emissions retests as ministers launch own … – Telegraph.co.uk

Friday, September 25, 2015

By Tom Morgan, Special Correspondent 10:15PM BST 24 Sep 2015 All new models of diesel cars on sale in Britain face being retested, the Government announced last night as ministers launched their own investigation into the Volkswagen scandal. Patrick McLoughlin, the Transport Secretary, announced an inquiry amid suspicions that other motoring giants could have rigged emissions data. Tests on diesel cars could be re-run to ensure the lab results tally…

VW faces ‘about the worst situation’: Ex-GM exec – CNBC

Friday, September 25, 2015

Former General Motors vice chairman Bob Lutz said Friday he would not know where to start if he were the next CEO of Volkswagen to address the fallout from the U.S. emission tests cheating scandal. “This is about the worst situation any automobile company could be in because there really isn’t any way to make those 11 million engines run on the legal cycle as well as…

UAW-Fiat Chrysler contract deal faces early opposition – The Detroit News

Friday, September 25, 2015

A majority at Local 1264 voted against proposed Fiat Chrysler contract.(Photo: Michael Wayland / The Detroit News) The tentative four-year contract between the United Auto Workers and Fiat Chrysler Automobiles is experiencing some early opposition from rank-and-file members. More than half of skilled trades and production workers for Local 1264 in Sterling Heights and Local 1248 in Warren on Thursday opposed the proposed deal, while voting in Indiana garnered mixed…

Volkswagen Board Meets to Anoint New CEO – Wall Street Journal

Friday, September 25, 2015

Volkswagen AG’s supervisory board assembled Friday for a meeting that could run until evening to anoint a new chief executive, shake up the senior management team and begin repairing damage from a massive scandal that has erased almost one-third of the company’s market value. The 20-member board appeared poised to name Matthias Müller, the head of Volkswagen’s Porsche sports-car unit, as the replacement for Martin Winterkorn,…

Volkswagen’s worst week ever: Winners and losers – CNBC

Friday, September 25, 2015

Volkswagen The company, once the shining example of Germany’s economic prowess, is feeling the pain on many fronts: Financial: It will set aside $7.3 billion in its third-quarter accounts to help cover the costs of the scandal. Fines are expected to add up to $18 billion, while almost $17 billion was wiped off VW’s share price on Monday alone. Shares were up on Thursday but…

Why Volkswagen May Have Risked It All by Allegedly Cheating on Emissions – ABC News

Friday, September 25, 2015

The emissions scandal that rocked Volkswagen this past week has auto industry experts and Volkswagen drivers asking the same question: Why did Volkswagen allow its diesel cars to be sold with deceptive software? “Any time you have standards or rules, some people will choose to cheat,” David Whiston, an analyst at Morningstar, told ABC News. “Volkswagen had made increasing its sales in the U.S. a priority. Part of the way…

Volkswagen’s worst week ever: Winners and losers – CNBC

Friday, September 25, 2015

Volkswagen The company, once the shining example of Germany’s economic prowess, is feeling the pain on many fronts: Financial: It will set aside $7.3 billion in its third-quarter accounts to help cover the costs of the scandal. Fines are expected to add up to $18 billion, while almost $17 billion was wiped off VW’s share price on Monday alone. Shares were up on Thursday but…

Volkswagen ‘Dieselgate’ Fallout: Germany Tests Cars; Report Sends BMW Shares Down – NPR

Thursday, September 24, 2015

i Volkswagen diesels are shown behind a security fence on a storage lot near a VW dealership in Salt Lake City. The carmaker is reeling from a scandal over its use of devices to fool emissions tests of diesel models. Rick Bowmer/AP hide caption itoggle caption Rick Bowmer/AP Volkswagen diesels are shown behind a security fence on a storage lot near a VW dealership in Salt Lake City. The carmaker…

Volkswagen Expected to Name CEO as Pressure Mounts on Company – New York Times

Thursday, September 24, 2015

To save articles or get newsletters, alerts or recommendations – all free. Don’t have an account yet?Create an account » Subscribed through iTunes and need an NYTimes.com account?Learn more » Need to connect your Home Delivery subscription to NYTimes.com?Link your subscription »

The Real Winner in the VW Diesel Scandal? Hybrid Cars – WIRED

Thursday, September 24, 2015

Eleven million diesel-powered vehicles Volkswagen sold as high-performing, fuel-sipping, planet-coddling cars have turned out to be gross polluters masked by corporate fraud. It’s bad news for the people who bought them and worse news for the company that built them. But it may well be worst of all for a technology whose reputation had improved markedly in recent years but may now be mortally wounded. Although diesel engines have long been…

Volkswagen ‘Dieselgate’ Fallout: Germany Tests Cars; Report Sends BMW Shares Down – NPR

Thursday, September 24, 2015

i Volkswagen diesels are shown behind a security fence on a storage lot near a VW dealership in Salt Lake City. The carmaker is reeling from a scandal over its use of devices to fool emissions tests of diesel models. Rick Bowmer/AP hide caption itoggle caption Rick Bowmer/AP Volkswagen diesels are shown behind a security fence on a storage lot near a VW dealership in Salt Lake City. The carmaker…

Assessing the Sins of Volkswagen, Toyota, and General Motors – blogs.hbr.org (blog)

Thursday, September 24, 2015

Something seems to have gone seriously awry in the global auto industry. First, highly revered Toyota was accused of selling cars with unintended acceleration problems that the company failed to take seriously for over one year. Then General Motors had a faulty ignition switch that led to hundreds of accidents and 124 deaths. And most recently, Volkswagen has admitted that it added software to its diesel engines to fool environmental…

Volkswagen scandal splits Asia’s auto stocks – CNBC

Thursday, September 24, 2015

Volkswagen‘s emissions cheating scandal has divided investors in Asia’s auto stocks, providing a fillip for South Korean carmakers that hope to get an edge, while depressing Japan’s with worries about heavier testing. South Korea’s Hyundai Motor closed up 0.6 percent on Thursday, while its sister firm Kia Motors erased early gains to finish flat. Shares of both companies powered up more than 3 percent on…

Volkswagen Trickery May Be More Widespread, a German Official Says – New York Times

Thursday, September 24, 2015

To save articles or get newsletters, alerts or recommendations – all free. Don’t have an account yet?Create an account » Subscribed through iTunes and need an NYTimes.com account?Learn more » Need to connect your Home Delivery subscription to NYTimes.com?Link your subscription »

Problems at Volkswagen Start in the Boardroom – New York Times

Thursday, September 24, 2015

To save articles or get newsletters, alerts or recommendations – all free. Don’t have an account yet?Create an account » Subscribed through iTunes and need an NYTimes.com account?Learn more » Need to connect your Home Delivery subscription to NYTimes.com?Link your subscription »

Volkswagen loses-here’s who could win – CNBC

Thursday, September 24, 2015

Whiston pointed out that diesel vehicles compose a very small portion of the U.S. auto market, so any negative impact on Volkswagen is likely to be less in the United States than it would be if the same false emissions-testing technology were to be discovered in Europe. He said Volkswagen would suffer, however, if the problem were to be found in Audi vehicles sold in the United States. …

Europe closes lower; autos, miners in focus – CNBC

Thursday, September 24, 2015

Both basic resources and oil and gas that kept investors on their toes Thursday. The price of Brent and WTI crude rose on Thursday, butstocks such as Seadrill and Tullow Oil both closed over 4 percent lower. Goldman Sachs cut its price target for both BHP Billiton and Glencore, while reiterating its sell rating on other mining stocks. Consequently, mining stocks took a tumble Thursday, with Glencore…

Reports: Porsche chief to become new Volkswagen CEO – USA TODAY

Thursday, September 24, 2015

News Sports Life Money Tech Travel Opinion Settings Full Forecast Crosswords Your Take Elections 2016 Investigations Video Stocks Apps Best-Selling Books Classifieds College Corrections Interactives Newsletters Photo Galleries Portfolio Tracker Scores Web to Watch Your Take Newsstand Audio Search User Get the news Log In or Subscribe to skip Share This Story! Let friends in your social network know what you are reading about Reports: Porsche chief to become new…

Volkswagen ‘Dieselgate’ Fallout: Germany Tests Cars; Report Sends BMW Shares Down – NPR

Thursday, September 24, 2015

i Volkswagen diesels are shown behind a security fence on a storage lot near a VW dealership in Salt Lake City. The carmaker is reeling from a scandal over its use of devices to fool emissions tests of diesel models. Rick Bowmer/AP hide caption itoggle caption Rick Bowmer/AP Volkswagen diesels are shown behind a security fence on a storage lot near a VW dealership in Salt Lake City. The carmaker…