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VW slapped with extra US fines
- May 18, 2017
- Posted by: Simon Wait
- Category: Industry News
A federal judge will approve Volkswagen Group’s $1.2bn buybacks-and-repairs settlement with US owners of six-cylinder diesel engine vehicles. These vehicles were not included in the company’s separate deal for car owners affected by the dieselgate scandal. The move paves the way for the automaker to begin buying back about 20,000 polluting diesel vehicles, providing free [...] -
Industry gears up for Aluminium China
- May 18, 2017
- Posted by: Simon Wait
- Category: Industry News
International business leaders, engineering experts and academics from the automotive industry and complete aluminium value chain will be converging on Shanghai in July for Aluminium China 2017, to share the latest developments in lightweight automotive design and manufacturing. Aluminium is increasingly seen as playing a key role in minimising overall weight while ensuring strength and [...] -
Porsche bosses questioned over dieselgate
- May 18, 2017
- Posted by: Simon Wait
- Category: Industry News
Two Porsche bosses have been caught up in the Volkswagen diesel emissions scandal. The BBC has reported that German prosecutors suspect the executives, Matthias Mueller and Hans Dieter Poetsch, of delaying releasing information to investors. Matthias Mueller, the boss of Porsche SE, the parent company of the sportscar maker, and chairman of VW, will be [...] -
Volvo Cars to start India assembly
- May 18, 2017
- Posted by: Simon Wait
- Category: Industry News
Volvo Cars will start vehicle assembly operations in India in 2017. The move positions the company for further growth in the fast-expanding premium car segment in India. The assembly operations will be located near Bangalore in southern India and focus on models based on Volvo’s SPA modular vehicle architecture. The first Volvo model to be [...] -
Ford to downsize global workforce
- May 17, 2017
- Posted by: Simon Wait
- Category: Industry News
Ford Motor is planning to cut its workforce in North America and Asia by about 10 per cent – which could equate to around 20,000 jobs. However, it does not plan to cut its hourly workforce or production. According to the Wall Street Journal, this is part of a previously-announced plan to cut costs by $3bn. [...]