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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...
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...
The U.S. auto boom that fueled record sales and profits is winding down. General Motors CEO Mary Barra claims that the auto industry is changing more today than it has in the past 50 years. It's true that the U.S. auto sector had a close call during the 2008 financial crisis, when both GM and Chrysler needed federal bailouts to survive bankruptcy. But that was a pretty straightforward crisis, caused by excess labor costs and a plunge in auto sales due to a wrecked economy. The challenge today is posed by electric and self-driving cars, and it is far more fundamental. Automakers ...
Ford Motor Co. is doing its best to fight the downturn in the car market but it’s not that easy, and it seems like it’s not that easy, and the fight is almost lost. The major American automaker is preparing for major reductions to its worldwide workforce amid CEO Mark Fields’ renewed efforts to hike profits and address the company’s falling share price. Ford plans to shrink its salaried workforce in North America and Asia by about 10 percent, and will offer generous early retirement incentives to reduce its salaried ranks by Oct. 1, but the company does not p...
FCA is on its way to recall more than 1.25 million pickups worldwide for a software error linked to reports of crash death and 2 injuries. This erroneous code could temporarily disable the side airbag and deployment seat of belt pretensioners- which reduce seat belt slack during impacts during a vehicle rollover spurred by a significant underbody impact, such as striking onroad debris or driving off-road. The company will reprogram computer modules in the affected vehicles to address this error. An FCA spokesman said the likelihood of an incident was very low because a sequence...
