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Payday for US lawyers
- October 17, 2016
- Posted by: Simon Wait
- Category: Industry News
Lawyers taking on Volkswagen in the US are being paid $175m by the troubled car manufacturer. Representing 475,000 owners of VW vehicles fitted with cheat devices, the lawyers had sought up to $332.5m in fees in what amounts to a $10bn settlement. The latest deal with the lawyers means VW has now agreed to spend [...] -
EV revolution ‘is underway’
- October 14, 2016
- Posted by: Simon Wait
- Category: Industry News
A ‘complete culture change’ has seen an explosion in electric vehicle (EV) sales in recent months, with experts saying the electric revolution is now finally underway. Sales of EVs in Europe doubled last year, according to figures from Transport and Environment (T&E), which also says there could be more than two million EVs on the [...] -
JATO: Europe’s ‘big 5’ perform well
- October 14, 2016
- Posted by: Simon Wait
- Category: Industry News
According to JATO Dynamics Ltd registrations in Europe’s ‘Big 5’ markets performed well in September, with 1,171,795 units registered, which is a 6.2% rise on the same month last year. For the year to date, registrations totalled 8.51 million units, an increase of 7.4%, SAAR figures came in at 11.61 million units, the highest figure [...] -
Industry set for paradigm shift
- October 13, 2016
- Posted by: Simon Wait
- Category: Industry News
The automotive industry is set for a paradigm shift based on five pillars, constituting the next generation of growth opportunities according to Frost & Sullivan. Those five pillars are centred on: connected supply chain; industrial Internet of Things and Industry 4.0; connected and autonomous car; digital retailing and vehicle relationship management; and mobility as a [...] -
Further recalls hit VW
- October 11, 2016
- Posted by: Simon Wait
- Category: Industry News
Volkswagen is recalling about 300,000 Volkswagen and Audi brands in North America because of fuel leaks. The company has issued three separate recalls to address three separate faults causing the problem. The affected models are gas versions of the 2009-2012 Audi Q5 SUVs, and 2007-2012 Audi Q7 SUVs; gasoline versions of 2012-2013 Audi A6 and [...]