Volkswagen AG will begin technical fixes on 460,000 diesel cars after receiving German regulatory approval. The approval from the Federal Motor Transport Authority applies to models with 1.2-liter EA189 engines including the Volkswagen Polo and Seat Ibiza. Germany’s approval is valid throughout Europe. VW is in the middle of one of the largest recalls in [...]

BMW plans to launch self-driving vehicles in China in 2021. The German car manufacturer announced at a summit on artificial intelligence and robotics in China’s southern city of Shenzhen that its iNEXT will hit the roads in just five years. Maximilian Doemling, senior manager for highly automated driving at BMW Group, said, ‘If you’re expecting [...]

Volkswagen investors are understood to be chasing £3.4bn in compensation following the the emissions scandal. It’s been reported that 170 investors are making the claim for losses which are a result of dieselgate, which saw share prices plummet last September. This news comes just weeks after it was announced that the German state of Bavaria [...]

Web-based motor insurance platform ReNewBuy is planning to raise $1.5m from Singapore-based investment and advisory firm Mount Nathan in its next round of funding to finance its future growth. ReNewBuy is a platform with more than 7,000 car and bike insurance policies monthly. It has previously raised $1m from Mount Nathan through its investment entity Havelock Road LLP. Balachander [...]

New car registrations in Europe’s ‘Big five’ markets dropped by two per cent in July, as market conditions halted the positive trend that had dominated over the previous 15 months. While Spain, Italy and the UK all posted modest growth in July, this could not fully compensate for the declines seen in France and Germany [...]