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  • Volkswagen has reported a quarterly loss for the first time in 15 years
    28 Oct 2015

    German manufacturer Volkswagen has presented its financial results for the third quarter. This is for the first time when one of the largest automaker in the world after the "diesel scandal" has declared its financial report.The operating loss of Volkswagen in the third quarter amounted to 3.48 billion euros against a profit of 3.23 billion euros in the same period last year. The index exceeded the forecasts of analysts, who had expected that it will be 3.3 billion euros. The loss was the result of "diesel scandal", causing the concern to put aside 6.7 billion eur...

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  • The Quebec spends $420 million on electric cars
    26 Oct 2015

    The Quebec government is ready to spend more than $420 million in 2020 just to promote and to sell hundred thousand units of electric and hybrid vehicles annually. “Transportation electrification represents a way for Quebec to set itself apart by promoting important values such as respect for the environment, collaboration and knowledge as well as the desire to enhance the public’s prosperity and well-being,” the province’s Ministry of Transport says in Propelling Quebec Forward with Electricity, a document that lays out the program.As they already planned the char...

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  • Tesla shows how to drive an autonomous vehicle
    19 Oct 2015

    A well-known manufacturer of electric cars Tesla unveiled a software that makes the car completely autonomous."After some time,  it would be no necessary to keep the hands on the wheel", - promised the head of Tesla Elon Musk.This car can independently change lanes, slow down, raise the speed, maneuver and even parking.It is also programmed to monitor the ability of the blind area and recognize the danger of collision. It can even recognize a steep bend of the road, exit from the main highway, climbs and descents.The driver only needs every 10 seconds to touch the steering wheel...

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  • Martin Winterkorn, VW CEO Resigns
    23 Sep 2015

    As the scandal kept brewing for the past few days, it was a “public secret” that the CEO of VW, Martin Winterkorn was on a tight rope and would eventually have to take a fall. After the German Car-manufacturer giant admitted to having installed specific software on close to 11 million diesel vehicles in order to ”pass” emissions tests, a world-wide brouhaha brewed and exploded.Perhaps, in an effort to curtail the damage of this exploding news, Winterkorn was forced to make this decision and move forward with it.  In a statement just released, Winterkorn states...

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  • Volkswagen car sales drops in the United States
    16 Sep 2015

    Volkswagen car sales moved backward in August in the United States. The world’s largest car manufacturer sold 32,332 cars, less than from the 2014 year.Only Golf SportWagens sales were 2,478, the rest is miserable numbers. It is a new model, so 100% of its sales are a lift to the Volkswagen in America. Base Golf sales - 5.6% to 1,873. Sales of the Golf R - 5.9% to 1,709.Sales of the iconic Beetle - 26.8% to 2,127. Sales of the Jetta Sedan, VW’s best-selling model - 17.9% to 11,002. VW Passat - 19.4% to 7,409.Management said that VW would do better next year:&ldq...

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