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An agreement on the technology partnership for self-driving cars has been almost reached between Fiat Chrysler Automobiles and Google owner Alphabet. The talks between the two parts have been going on for several months, and they may finally agree the deal these days.The deal would start with Chrysler Pacifica minivans. Alphabet has ambitions as an auto supplier and is seeking to sell its self-driving car technology to automakers. General Motors Co. talked to Google about developing and testing self-driving cars, but they were unable to come to a deal because...
Just as if the problems with the production haults at the Japanese plants were not enough, Toyota Motor Corp. notes a global sales decline in the first quarter of this year. Toyota's sales results fell behind Volkswagen AG's, and this disrupted the Japanese automaker's four-year reign atop vehicle industry sales charts. In the January-to-March period Toyota's worldwide deliveries dropped 2.3% to 2.46 million vehicles. In the same time Volkswagen deliveries rose 0.8% to 2.5 million. In the context of Japan's recent most devastating e...
Fiat Chrysler announced it will recall more than 1.1 million SUVs and sedans worldwide. The recall affects an estimated 811,586 2014-15 Jeep Grand Cherokees and 2012-14 Dodge Charger and Chrysler 300 sedans in the United States. It also includes 52,144 of the vehicles in Canada, 16,805 in Mexico and 248,667 outside North America.The vehicles that will be recalled by FCA are mainly SUVs and sedans with European-style electronic shifters, that came to company's attention after an investigation by the automaker and the National Highway Traffic Safety Administration. It was...
Volkswagen's efforts to solve the emissions scandal and to overcome its consequences came to a buy-back offer of almost 500,000 diesel cars that used sophisticated software to evade U.S. emissions rules. Volkswagen AG and U.S. officials have reached a framework deal under which the automaker would offer to buy back 2.0-liter diesel vehicles sold in the U.S. that exceeded legally allowable emission levels.The cars concerned by this offer will include versions of the Jetta sedan, the Golf compact and the Audi A3 sold since 2009. At the same time it does not apply to ...
Volkswagen Group top executives, starting with Chairman Hans Dieter Poetsch, will have their 2015 bonus payments significantly cut as the automaker has a difficult period and counts the multi-billion-euro costs of its emissions-rigging scandal. VW said the supervisory board and management agree that the company needs to send a signal on top management pay. Variable pay will have to be reduced and in this sense the management board, for example, has already accepted cuts of at least 30 percent in bonus payments. VW's supervisory board will decide on the bo...
