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  • One of Takata investors sell off his shares
    08 Dec 2015

    Takata Corp. handled their air bag crisis is the very reason why they lost one of their biggest investors, Sawakami Asset Management. He was one of the automotive supplier, 12th largest shareholder, but the firm lost faith in Takata after the management refused to explain what was happening during the crisis. “We could not help feeling the management is not trustworthy,” fund manager Takahiro Kusakari said in an interview from his office in Tokyo. “We felt Takata had a ‘we are needed and our products are needed, so the business will come back and the situation won&...

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  • Audi, Porsche, VW faces California recall order
    01 Dec 2015

    The California Air Resources Board (CARB) ordered Audi, Porsche and Volkswagen to recall and repair “illegal” emissions software in more than 15,000 vehicles with 3.0-liter diesel from model years 2009 – 2015 that were sold in California.The automakers have 45 business days from November 25 to put together a recall plan and deliver it to CARB. The order affects about 15,000 California vehicles out of approximately 85,000 sold in the U.S. with diesel engines supplied by Audi.Audi appeared already to be moving toward a recall for the 3.0-liter models. The luxury brand said in a...

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  • Volkswagen cuts form variety of car models
    29 Nov 2015

    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...

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  • Audi car sales grow in China. Why?
    29 Nov 2015

    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 ...

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  •  Ford recalls 450,000 Fusion, Mercury Milan for Fuel Leaks
    23 Nov 2015

    Ford is recalling 450,000 cars in the USA for fuel tanks that can crack.Ford has not received any reports of accidents or fires related to this condition."Affected vehicles include certain 2010-2011 Ford Fusion and Mercury Milan vehicles built at Hermosillo Assembly Plant from July 21, 2008 through March 4, 2011."The second recall affects 13 F-650 trucks. The column shifter's park position mechanism may fracture and let the truck roll away unexpectedly. Those 2016 models built in Ohio between July 29 and September 3, 2015 are all located in the US. Fixing the problem will require...

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