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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&...
On Monday afternoon, at least a half dozen U.S. stations were selling regular unleaded gasoline for less than $2 a gallon. In Colorado, the state average is $1.95 per gallon. A year ago, the Colorado average was $2.84.In the Denver metro, the average price right now is $1.87 a gallon, which is almost a dollar less compared to a year ago. One driver said he’s probably spending $25 less a month on gas. "Merry Christmas!" was the reaction to the news of a woman who stood at the pump.Some experts are saying gas prices could fall further on an oil-inventory glut and a cont...
Tesla is making its electric SUV available to a slightly wider swath of early adopters with the Model X 70D, which starts at a low, low $80,000 (with shipping). Prices, of course, change once you factor in the $7,500 federal tax credit and other state credits.At $80,000, the cheapest Model X, called the 70D, is $5,000 more than the cheapest Model S sedan. The Model X 70D has a range of 220 miles on a single charge and top speed of 140 miles per hour. Deliveries of the basic model begin mid to late 2016, Tesla said.All-wheel drive remains standard, as do those headline-making falcon-wing doors....
Volkswagen sold fewer vehicles in October, but still more than anybody else in Europe.The VW statistics:Seat car sales declined 11.2%Skoda car sales declined 2.9%Volkswagen lost 0.8%Audi cars sales grew with 3.5%Porsche sales grew with 13.3%The German automaker's sales volume dropped with 0.8% in October and now makes up 25.2% of all cars sold on the continent. Before the scandal broke, that figure stood at 26.1 per cent.Across all brands, 1.14 million vehicles were sold in Europe in October. That's an increase of 2.7% from September's level.German luxury carmakers BMW and Daimler ...
A Canadian law company proposed a class action lawsuit stemming from Volkswagen's admission that it had cheated emissions tests for some of its diesel-powered cars.An investigation, which were taking place in Germany on Tuesday, has some elements that will involve also some of the Volkswagen's gas-powered vehicle products into this lawsuit. "Our firm is presently investigating the extent to which Canadian owners of Volkswagen gasoline-powered vehicles will be affected by the information derived from the ongoing investigation," said lawyer Myron Shulgan, when speaking wit...