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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...
After the VW debacle because of the Emissions fiasco and the subsequent handling of bad press and pending investigations from the US and EU authorities, a new winner has emerged: Toyota. Although general sales have declined for both automotive giants, at a rate of 1.5 percent, Toyota reported sales of 7.49 Million vehicles through September, while VW was able to report 7.43 Million. VW had been leading Toyota in all global sales for the first six months of the year. However, after the scandal, it has prioritized readying a system to repair approximately 11 Million vehicles worl...
A new Emissions scandal may be brewing in Europe. According to Reuters OPEL (under GM) will have to go through a new extensive testing regarding the Zafira Minivan, because it has been stated that it is violating European pollution standards. This comes after “Green” activists’ claims that the Zafira Minivan has excessive NOx (Mono-Nitrogen Oxide) emissions.NOx is a heavy atmosphere pollutant produced during combustion at high temperatures and does form part of acid rain. During tests performed by the University of Applied Sciences in...
The Apple Car might hit the road a lot sooner than some experts predicted, according to a new report that claims the iPhone-maker plans to rev up hiring on its secret electric car project in hopes of getting the vehicle finalized by 2019.The company Apple met with officials at California’s Department of Motor Vehicles to discuss the testing of self-driving Apple Car on public roads.If Apple applies for the necessary road permits, it will have to reveal the make, model and vehicle identification number of the cars it plans to test — as well as sharing details about the automobiles&#...
There is no doubt that ceratin automotive brands have to benefit from the Volkswagen's troubles after the emissions scandal.Full-line brands including Ford, Toyota and Honda are the most frequently cross-shopped against VW, according to market experts' data. Based on cross-shopping patterns, these brands could gain most if shoppers spurn VW: Ford would gain 26%, Honda - 23%, Toyota - 20%, 18% would go to BMW and 19% - to Mazda.But Volkswagen might have enough in its arsenal to keep some of those shoppers in the fold. Some gasoline-powered VW models had a s...
