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Wolfsburg - Volkswagen said on Thursday that only a small group of employees were responsible for cheating US diesel emissions tests and there was no indication that board members were involved in the biggest business crisis in the firm's history.While offering few specifics, the company’s chairman and chief executive acknowledged that engineers introduced software that would lower emissions of nitrogen oxides in many of its diesel engines after realizing there was no legal way for those engines to meet tight U.S. emissions standards “within the required time frame and budget.&...
According to calculations based on actual monthly sales reported by the manufacturers, the first reports of November auto sales are in.Statistics show that Hyundai, Nissan and Toyota set the pace in November. Gains among major players fell within a narrow range of 0.3 percent at Ford Motor Co. to 3.8 percent at Nissan Motor Co. Hyundai’s 12 percent increase stood out in percentage terms. Hyundai generated sales of 60,007 vehicles, up 12 percent, for its best-ever November. Only American Honda and Volkswagen Group posted a decline in volume. Overall U.S. sales, wi...
Volkswagen Group management reduces the range of possible car model versions and their sets to make up the losses from the emission scandal. This way the German manufacturer hopes to save 1.9 billion euros.The top manager of Volkswagen, Bernd Osterloh, said that this decision, reduce labor costs and complexity, was taken for a long time. Osterloh said reducing the variety of car models and options could enable Volkswagen to "take out costs there on a large scale" without forcing the company to cut jobs, Bloomberg reported. VW has one major U.S. factory, located in Chattanooga, Tenn.V...
Audi is one of the favored car in China, it is very popular among female consumers that now make up about a third of the automaker's buyers in the market. “Audi drivers are the progressive, white-collar workers and it’s an image I identify with,” said the 32-year-old furniture designer, who’s deciding between an A4L sedan or the Q5 SUV. “I work hard and want to make sure my money is well spent.”Audi slows the growth in luxury sales in China, carmakers have to spread their bets and appeal to as many demographic groups as possible. Audi’s sales ...
In 2006 Caparo T1 supercar has been declared as a "road Formula 1 car". The car is designed by ex-McLaren engineers Ben Scott-Geddes and Graham Helsted, famous for his participation in the creation of the iconic supercar McLaren F1. Project Caparo T1 was also ambitious - the English engineers took as the basic formula race car and adapted it for driving on public roads. The sportscar is equipped with 3.5-liter eight power of 575 hp, which allowed Caparo T1 to accelerate to 330 km / h, and to overcome the first hundred in 2.5 seconds.And now the project is under threat of closure. The...
