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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...
The German manufacturer hopes to get from banks 20 billion euros. Volkswagen talks with several banks for a bridge loan in amount of 20 billion euros. The funds will be used to create so-called "financial cushion". As explained the insiders, Volkswagen has no problem with finances. However, with the help of a bridge loan the company wants to solve two problems. Firstly, to have new equipment thet can be used as a reserve. Secondly, to improve the image - to show that Volkswagen has the ability to pay, despite of the scandal with diesel engines.According to anonymous sources...
Porsche has decided to suspend the sale of vehicles with a diesel 3.0-liter engine in the US.This was done immediately after the US Environmental Protection Agency (EPA) announced the results of the investigation the engine V6 3.0 TDI, installed in Porsche cars, Audi vehicles and Volkswagen automobiles.The scandal emissions of the Volkswagen started because of 2.0-liter TDI. The German manufacturer with a special equipment brought down the level of emissions of nearly half a million cars from United States. During this scandal the head of Volkswagen Martin Winterkorn has announced about his re...
The Cambridge University proposes to use a new type of batteries - Lithium-oxygen. Cambridge University scientists are working on creating a new type of batteries - Lithium-oxygen. New batteries will significantly increase the cruising range of electric vehicles, and thus will be more profitable to their lithium-ion analogues, according to Financial Times.It is not a secret that the power-reserve is a key for electric vehicles. And, despite of this fact most motorists prefer to buy a car that runs on traditional fuels - gasoline and diesel. However, the invention of scientists from Cambri...
