Takata shares are up after KKR takeover interest went public
Now that the private equity company Kohlberg Kravis Roberts (KKR) showed interested in taking over Takata and wanting to restructure it, the shares of the Japanese car parts company went up 24% this...
View ArticleResearch shows drivers uninformed about car tech
While numerous carmakers are investing billions of dollars in plug-in vehicles and self-driving car systems, potential buyers and drivers out there seem to not be very aware of all the benefits that...
View ArticleCar production in South Africa could double by 2020
According to a local producers’s group, the carmaking industry in South Africa could increase by as much as 50% to 900,000 cars by 2020. That is to happen if the government continues to promote stable...
View ArticleDaimler to invest $3.3 billion in clean diesel technology
The German auto group will invest $3.35 billion to reduce diesel exhaust pollution by transforming its engines and exhaust treatment systems with a software update for some of its Mercedes-Benz...
View ArticleJapan adds 7 million cars to the Takata recall
The Transport Ministry in Japan announced this Friday that carmakers will recall an added 7 million cars that are equipped with Takata air bag inflators by March 2019. This makes the total number of...
View ArticleNissan’s Infiniti recalls 60,000 Q50 sedans for faulty steering
Infiniti, Nissan’s luxury brand, will recall around 60,000 car models worldwide because the steering system key for the sedan’s autonomous driving function might not work properly. According to Stefan...
View ArticlePorsche SE to support Volkswagen dividend
Porsche Automobil Holding SE, main shareholder in Volkswagen AG, will not argue against paying a dividend at the following VW annual shareholder meeting, according to a spokesman for the luxury...
View ArticleDid you know Tesla monitors its drivers’ behavior non stop?
With drivers claiming cars are speeding out of control before a crash, automakers have been looking into car behavior and gathering information on their operating system for the past ten years. But...
View ArticleUS: High truck demand makes car production skip summer break
With pickups, large SUVs and crossovers getting more and more interest from customers, carmakers this summer will work at full speed to meet demands, which means that factories will not shutdown for...
View ArticleMitsubishi admits mileage fraud and gets charged $480 million
Mitsubishi Motors, sixth biggest Japanese carmaker, has admitted to falsifying test data for 20 car models it has sold in the past ten years. The majority-owned by Nissan company stated that it would...
View ArticleEurope: Ford changes small car strategy
Ford Motor has decided to switch its position in Europe by leaving behind the minicar segment and setting its focus on the subcompact drivers with a larger Ka model in the making and an improved Ford...
View ArticleVolkswagen sales stabilize due to China and Europe sales
The German carmaker manages to register stable sales in May despite a drop in volumes in America amid the diesel emissions scandal it is going through. The decrease was compensated by the sales...
View ArticleWill new cars allow the government to track its citizens?
Despite being advertised for diagnosing serious issues with the car you own, the on-board diagnostics (OBD) capability built into every car produced since 1996 has another major purpose. At the moment,...
View ArticleBMW AG names Vietnam top growth auto market
BMW AG stated that car sales in Vietnam are growing at a really fast pace in the Southeast Asia car markets with the local economy expanding alongside new car demands. According to Axel Pannes, the...
View ArticleVolkswagen diesel settlement delayed again
The upcoming Tuesday was the date set for Volkswagen to offer the final terms concerning its diesel-emissions cheating scandal that views around half a million Volkswagen and Audi units. However, that...
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