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Summary BERLIN/FRANKFURT, – Volkswagen’s supervisory board is meeting in a week’s time to discuss its biggest ever turnaround plan that has pitted management against unions and the state of Lower Saxony, its second-biggest shareholder. Much is at stake for Europe’s biggest automaker, which is struggling to revive profits as it battles U.
S. tariffs, falling sales in China and intensifying…
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Seat says no final decision has been made about its future. However, further investment is "increasingly challenging." Company admitted a "gradual phase-out" is one possibility. The Volkswagen Group recently announced plans to eliminate 50% of their model lineup by 2035. As part of this effort, the company will reduce overlap and only focus on its "most compelling vehicles." var adpushup = … [Read More...]
Chrysler is recalling a bunch of minivans after identifying a potentially defective brake pedal position sensor that can disable an essential system. The affected population covers 2025 and 2026 model year Pacifica and Voyager people carriers, along with a small group of plug-in hybrid Pacificas. As per the recall documentation filed with the National Highway Traffic Safety Administration, the … [Read More...]
A 1991 Honda NSX sold for $51,000 despite severe flood damage. Automatic coupe has 236,776 km, or roughly 147,100 miles on the clock. Photos show floodwater reaching roughly the upper portions of the doors. The original Honda NSX has become precious enough that even a thoroughly drowned example can apparently command serious money. This 1991 NSX spent part of last July sitting in floodwater high … [Read More...]
Toyota has announced 2027 model-year pricing for the Camry, America's best-selling sedan. The current Camry generation was introduced for the 2025 model year with a hybrid-only powertrain lineup, the first time that every Camry was electrified. That change in no way dented confidence in the sedan, which has continued outselling rivals like the Honda Accord and Hyundai Sonata. Prices have crept up … [Read More...]
Molsheim's latest hypercar is the hypercar to rule them all, a series-production model that refuses to compromise through downsizing. As the industry tackles increasingly stringent emission and noise regulations, Bugatti is flipping the bird to convention. The French automaker unceremoniously dropped the 8.0-liter turbo W16 for a free-breathing V16 with 8.3 liters to its name, and this was … [Read More...]
Toyota Probox gains standard T-Connect and a $300 price hike. The tech update follows the safety features added last year. A next generation is rumored to be under development. Toyota has pushed through another update for one of the oldest members of its Japanese lineup, and it amounts to a single line item. Every Probox trim now leaves the factory with T-Connect telematics, which adds a system … [Read More...]
: PTI | Delhi Chief Minister Rekha Gupta on Thursday launched the capital's second automated vehicle testing station at Tehkhand depot in South Delhi. Gupta also launched 50 new electric buses, bringing the total number of buses to 6,840, of which 5,088 are electric vehicles. "Our government is continuously working towards clean mobility; the government is working on solutions for… ➪ Continue … [Read More...]
Korean automaker Kia is having a fantastic time on the U.S. sales charts, and it's not resting on its laurels. Following sightings of prototypes completely covered in canvas camouflage a couple of months ago, the Autoblog spies have now spotted the production body of the heavily redesigned Sportage as a prototype undergoes hot-weather testing and towing evaluations. The vehicle is still covered in … [Read More...]
BERLIN,- Volkswagen AG's supervisory board agreed to a comprehensive restructuring plan dubbed "Future Plan 2030" which it said was essential to restore competitiveness and secure the group for the future. Here are the main details of the plan outlined by the group, which has been struggling in the face of slumping demand and increasing competition from China. JOB CUTS As part of the plan… ➪ … [Read More...]
Summary (Reuters) – European shares ticked lower on Friday ahead of closely watched U.S. jobs data, while Volkswagen's shares rallied after the automaker announced a major transformation plan. The pan-European STOXX 600 was down 0.2% at 648.08 points by 0838 GMT. Germany's DAX inched 0.1% lower, London's FTSE dropped 0.2% and France's CAC 40 also dipped 0.2%. Volkswagen gained 5.7% ➪ Continue … [Read More...]
