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The world’s largest automaker Toyota would buy out the rest of minivehicle unit Daihatsu - an all-stock deal worth about $3 billion and part of its strategy to strengthen its push into compact cars for emerging markets.Toyota acquired a controlling interest of 51 percent in Daihatsu in 1988. But now it is raising its stake to 100 percent by a reciprocal share-swap agreement that will see Daihatsu's other shareholders take 0.27 shares in the larger company for each share in the smaller.This move will help to improve Daihatsu small cars by having a unified strategy in the sengment, alt...
The state of New Mexico on Wednesday sued Volkswagen and subsidiaries Porsche and Audi for using software in their diesel vehicles to cheat U.S. emissions tests, calling the companies "shameless" and vowing to exact costly revenge. Attorney General Hector Balderas filed the lawsuit in state district court late last Tuesday. "It’s not lawful to profiteer and breach the trust of New Mexico consumers, and Volkswagen, Audi and Porsche will be held accountable for their deceptions," Balderas said. "Volkswagen preyed upon hardworking New Mexicans who want to prote...
The diesel-emissions scandal had forced Audi carmakers to implement new arrival of its e-tron Quattro battery-powered SUV. They do everything to bringing its all-electric e-tron Quattro and hydrogen fuel-cell h-tron Quattro models to the market. “Everybody is of course concerned about the aftereffects of the diesel crisis, and the thinking is that Audi has to show people we are serious about these kinds of cars.” Audi says in its release that the electric model will fit between the Q5 and Q7 models, suggesting that it could very well be called Q6, as originally rumored.It...
The partnership is limited to manufacturing of fuel cells only; the companies will build their cars separately. The cost of developing advanced zero-emission powertrains for future vehicles is substantial, even for the world's largest carmakers. Especially in hydrogen fuel-cell research, the biggest auto companies are doubling and tripling up to share the costs.Each company will manufacture its own cars using their technology, however.Honda Motor will launch its Clarity mid-size sedan model for 2017; the first model will be powered by a hydrogen fuel cell, although later versions may inclu...
The Ford Motor Co. and Fiat Chrysler Automobiles (FCA) have both announced that they will include Apple CarPlay and Android Auto into their vehicles. This allows users to access many of their smartphone functions through the dashboard integrated touchscreen.Apple CarPlay and Android Auto will be offered in all 2017 Ford vehicles fit with SYNC 3, while owners of 2016 model year Ford vehicles will be able to add both systems retroactively at the end of the year. Another new addition to SYNC 3 is 4G LTE, which will give owners remote access to their vehicles to setup things like remote start...