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GM sees double-digit earnings growth in 2016 – Business Insider

Saturday, October 03, 2015

Thomson ReutersGeneral Motors Co. CEO Mary Barra speaks to the media during the GM Global Business Conference at the GM Milford Proving Grounds in Milford, Michigan By Joseph White and Bernie Woodall MILFORD, Mich. (Reuters) – General Motors Co on Thursday said it is targeting an increase in earnings per share to between $5 and $5.50 per share, from its goal of $4.50 per share this year. The No. 1…

That Buzzfeed Article About Autonomous Cars Is Stupid Trolling Bullshit And … – Jalopnik

Saturday, October 03, 2015

A couple of days ago, a Buzzfeed writer got a ride in one of Google’s autonomous koala-cars and got an erection so powerful that it drew enough blood from his brain to cause him to have a mild stroke that turned him into some sort of inane troll. At least, that’s the only theory that makes sense. For the most part, the article is pretty innocuous, covering the usual autonomous…

Volkswagen halts sales of some models in Australia after emissions scandal – The Guardian

Saturday, October 03, 2015

Volkswagen has suspended the sale of some diesel cars in Australia while it addresses its emissions-cheating scam. Following a meeting with government authorities, the company has decided to immediately halt the sale of affected vehicles fitted with 1.6 or 2.0-litre EA189 diesel engines. “The suspension will remain until the emission issues are addressed in those vehicles,” it said in a statement on Saturday. Related: Australia says Volkswagen faces legal action…

Town that Volkswagen built from scratch girds for trouble – Business Insider

Saturday, October 03, 2015

eapcontent.ap.orgFILE – In this June 16, 1954 file photo, VW beetles are assembled in lines at the Volkwagen auto works plant, which manufactures nearly 900 automobiles each day, in Wolfsburg, West Germany. Thanks to Volkswagen, Wolfsburg boomed in West Germany’s postwar rebirth and today the town and the company are inseparable. (AP Photo/Reithausen, File) WOLFSBURG, Germany (AP) — Wolfsburg is the town that Volkswagen built — literally put on the…

How Auto Worker Strikes Could Affect Year-End Car Sales – TIME

Saturday, October 03, 2015

More U.S. Auto Sales Reach 10-Year HighSee the Coolest Features of Tesla’s Newest CarThis Is the New Tesla’s Weirdest Feature Automakers are on their way to posting the biggest annual sales since before the recession. Models from Detroit’s “Big Three” of General Motors, Ford, and Fiat Chrysler have been zooming off dealer lots, and the seasonally-adjusted selling rate for new cars hit 18.1 million in September — meaning that cars…

Volkswagen emissions scandal could cost $86 billion, report says – CNET

Saturday, October 03, 2015

The US EPA claimed that roughly 500,000 VW diesels (including this 2014 Jetta TDI) cheated on their emissions tests. Antuan Goodwin/CNET If a major financial services company’s estimate is accurate, Volkswagen’s TDI diesel emissions scandal could cost the automaker up to $86 billion. Credit Suisse has advised investors that other estimates aren’t adequately taking into consideration secondary costs and cascading fallout from the scandal, according to CNNMoney. “The market does…

There May Be A Big Union Fight Brewing In American Auto – Daily Caller

Friday, October 02, 2015

The auto industry is on the rise again and workers are trying to get in on the action by threatening with strikes as early as this weekend if they don’t get better agreements. September saw a sharp increase in sales for the major car makers who have struggled in the aftermath of the financial crisis in 2008. Workers are now demanding a replacement to the initial concessions set up by The United Auto…

GM already has 1 million connected cars on the road – Fortune

Friday, October 02, 2015

If things go the automotive industry’s way, there will be millions of four-wheeled wireless hotspots traveling U.S. roads by 2020. What you might not realize is that General Motors GM already accounts for 1 million of them. High-speed connectivity will enable dozens of new, revenue-generating applications. That includes everything from maintenance adjustment and emergency response to navigation help and passenger entertainment — even mobile apps that open your door if…

Honda Using Experimental New ASIMO for Disaster Response Research – IEEE Spectrum

Friday, October 02, 2015

During the Fukushima crisis in Japan, the lack of Japanese robots that were available to help out was notable. There was some question as to why Honda didn’t just send ASIMO (arguably one of the most sophisticated and capable humanoid robots in existence) to help out. The simple answer is that ASIMO wouldn’t be able to handle that kind (or any kind) of extreme environment. The robot was never intended to be a…

Honda rules out Toro Rosso engine deal – Motorsport.com

Friday, October 02, 2015

Honda has dismissed speculation it could give a last-minute deal to Toro Rosso for next season, as Red Bull’s teams continue to work on trying to convince Ferrari to give it the engines they want. With Red Bull boss Christian Horner having admitted that both the company’s teams are in a ‘critical’ situation regarding power supply for next year, there had been suggestions in recent days that Honda…

GM warns the Valley: Prepare to compete over driverless cars – Fox News

Friday, October 02, 2015

FILE – In this Jan. 12, 2015 file photo, General Motors CEO Mary Barra talks about the 2016 Chevrolet Volt hybrid car at the North American International Auto Show, in Detroit. General Motors on Thursday, Oct. 1, 2015 told investors it plans to cut $5.5 billion in manufacturing, purchasing and administrative costs during the next three years, helping to finance a big push into autonomous cars and car- and ride-sharing…

Volkswagen Starts Helping Customers Identify Tainted Cars – Wall Street Journal

Friday, October 02, 2015

FRANKFURT—Volkswagen AG made its first concrete move to help customers assess whether their cars are fitted with emissions-test-cheating software, with its Audi AG luxury-car unit allowing them to enter their cars’ chassis numbers on a website. The service will be available world-wide in the coming week, Audi said in a statement. Preparations to adjust software on affected cars are under way, Audi said, adding that “affected models continue to be…

Matthias Müller, in the Driver’s Seat at Volkswagen – New York Times

Friday, October 02, 2015

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Volkswagen scandal may cost up to $87 billion – CNNMoney

Friday, October 02, 2015

Credit Suisse analysts believe the Volkswagen emissions scandal will cost the company between 23 billion and 78 billion euros. Volkswagen’s emissions scandal could be far more painful for investors than BP’s disastrous 2010 oil spill in the Gulf of Mexico. Credit Suisse (CS) estimates that the total cost to the company could hit 78 billion euros ($87 billion), about 60% more than the cost of the Deepwater Horizon spill. “The…

Volkswagen Fallout Sees Platinum Drop Below $900 an Ounce – Wall Street Journal

Friday, October 02, 2015

LONDON—Platinum prices sank below $900 an ounce on Friday for the first time since the recession, as pressure from the Volkswagen AG emissions scandal hammered a precious metal already wounded by high supply and lackluster demand. Having fallen steadily since July last year, prices are now down more than 50% from an all-time high of $1,912.20 in mid-2011. The metal is now trading just $200 above its cheaper rival, palladium….

Matthias Müller, in the Driver’s Seat at Volkswagen – New York Times

Friday, October 02, 2015

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US auto sales soar, but Volkswagen struggles – USA TODAY

Friday, October 02, 2015

Customers shop for used vehicles at a CarMax dealership in Lexington, Ky.(Photo: Luke Sharrett, Bloomberg) U.S. automakers enjoyed a robust sales performance in September — with Volkswagen a notable exception. Sales hit an annualized rate of 18.17 million units in September, the highest rate since July 2005, according to Autodata. Overall industry sales rose 16% compared with September 2014. Ford reported a 23% increase, General Motors posted a 12% gain, and Fiat…

In Reversal, German Prosecutors Say Volkswagen’s Former CEO Isn’t Under … – New York Times

Friday, October 02, 2015

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Volkswagen sales tepid as scandal affects customer perception – USA TODAY

Friday, October 02, 2015

Company logos of the German car manufacturer Volkswagen sit in a box at a scrap yard in Berlin, Germany in this Sept. 23, 2015, photo.(Photo: Michael Sohn, AP) Embattled Volkswagen is in the slow lane when it comes to sales. Sales of Volkswagen brand vehicles in the U.S. rose 1% in September, compared to the same month a year earlier,  The brand badly trailed industry competitors, with overall industry sales up 16% for the month,…

UAW Contract Vote at Fiat Chrysler Takes a Populist Tone – New York Times

Thursday, October 01, 2015

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