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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.&...
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&...
Nokia completed the sale of its navigation business HERE with German car makers BMW, Audi and Mercedes.The German vehicle companies have bought the navigation specialist as part of their push towards fully autonomous driving; Nokia's spin-off is a key element which gives them access for building the technologies and digital frameworks that will enable connected and autonomous cars to become a real-world reality.The ownership of Here will be shared equally between BMW, Audi and Mercedes.Nokia said its net proceeds from the deal would be around US $3 billion, in line with its original estima...
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...
The United Auto Workers union on Friday night said it had ratified a contract with Ford Motor.The UAW-Ford deal comes after a resurgence in car sales and profits. That's one of the issues workers have raised -- many hadn't received a raise in over a decade despite economic strength within the industry.The four-year deal with Ford barely passed with a 51.4-percent majority. The Blue Oval's production workers voted 51.3 percent in favor of the contract, and 52.4 percent of those from skilled trades accepted it."This agreement provides a good foundation for Ford Motor Company, ou...
