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According to a well-known German source, the president of U.S. is ready to fight Germany in an auto battle. At the NATO summit in Belgium, mr. Trump got a chilly reception, after attacking fellow members. But he was caught pledging a battle with German automakers as part of his anger with “back dues” he feels the country owes to NATO. In a discussion about the country’s trade surplus, Trump said. “The Germans are evil, very evil.” “Look at the millions of cars they sell in the US, and we’ll stop that,” sources told Der Spiegel. A...
Volkswagen has been into a difficult period the latest 2 years, after being caught cheating on emissions, but now the automaker is selling cars with diesel engines in U.S. again. Customers lined up to buy two-year-old Volkswagen diesel cars when the automaker unexpectedly resumed sales in April. Many VW customers may still want the fuel efficient diesels — also called TDIs — but the few thousand cars left at dealerships after the automaker resolved its emission-fraud crisis are the last ones the automaker plans to sell in the U.S. One dealership, in Troy, Mich., got five...
Volkswagen has agreed last year to offer to buy back up to 475,000 2.0 liter diesel vehicles that had been sold in the U.S. and now its plan for 84,000 older Volkswagen diesel vehicles has been approved by the U.S. Envirnomantal Protection Agency and California Air Resources Board. Friday's announcement covers a fix for 84,390 2012-2014 Passat diesel vehicles with automatic transmissions. A fix for vehicles with manual transmissions has not yet been approved. In January, regulators approved a fix for 67,000 2015 model diesels, leaving around 325,000 older vehicles still awaiting...
When news leaked out Tuesday that Ford Motor would cut 10 percent of its salaried workers, it underscored how the auto industry's strong sales are slipping after years of consecutive growth since the Great Recession. In April, the industry reported a 4.7 percent sales drop. General Motors, Fiat Chrysler and Ford showed declines of 7 percent or more in sales. Japanese car companies also were off in the North American market, although not as much. As vehicle demand has ebbed, automakers find themselves dealing with bloated inventories. At the end of April, GM had enough vehicles ...
Fiat Chrysler is gonna be sued by the Justice Department if the talks fail to resolve differences over the automaker’s alleged violations of U.S. clean-air rules with its diesel vehicles. Expect for the lawsuit to be filled this week. The suit would mark an escalation of the U.S. government’s months-long inquiry and could expose the automaker to significant penalties. The suit being prepared alleges the company used illegal defeat devices, one of the people said. Such devices -- software in computerized systems -- improperly disable pollution controls to enhance per...
