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  • FRANKFURT, Feb 7- Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg...

  • Feb 7- Honda Motor Co's order that its U.S. dealers stop selling some 2.2 million of the automakers' most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or other safety defects. The National Highway Traffic Safety Administration says this difference...

  • FRANKFURT, Feb 7- Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. Volkswagen in December asked Feinberg-- who earlier headed the compensation funds for the Sept. 11, 2001 attacks, the BP Deepwater Horizon oil spill...

  • Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win...

  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • *UAW chief sees shift toward utility vehicles, trucks enduring. DETROIT, Feb 5- The head of the United Auto Workers said on Friday he has asked Fiat Chrysler Chief Executive Sergio Marchionne for a meeting to discuss the company's plan to stop making two low-profit car models. UAW President Dennis Williams said at a press conference at the union's Detroit...

  • BERLIN, Feb 5- Volkswagen has postponed publication of its financial results for 2015 and delayed its annual shareholders' meeting as the German carmaker struggles to put an exact price on its diesel emissions scandal. More than four months after the scandal broke in the United States, Europe's leading carmaker is still to come up with a technical fix for almost...

  • BERLIN, Feb 5- German carmaker Volkswagen said it would push back publication of 2015 results and its annual shareholders' meeting as it continues to grapple with effects of its emissions test-rigging scandal. More than four months after the scandal broke in the United States, Volkswagen still lacks a technical solution for almost 600,000 diesel cars and is...

  • The German carmaker said Friday it would give new dates for the earnings release, formerly slated for March 10, and for its shareholder gathering originally set for April 21. The U.S. Environmental Protection Agency is suing the company in federal court over what it says were 600,000 such vehicles. U.S. law firm Jones Day is conducting an investigation into who...

  • FRANKFURT, Feb 5- Daimler Chief Executive Dieter Zetsche insisted on Friday the German carmaker would not sacrifice margins in its quest to overtake arch rival BMW and become the best-selling luxury car brand. Exactly the opposite is true, "he told analysts at a conference to discuss fourth-quarter results in Stuttgart. The Mercedes CEO was more upbeat about...

  • *Labour boss demands more open management style. INGOLSTADT, Germany, Feb 5- Audi's labour boss said he will "hold management responsible" for adopting a new leadership culture, raising pressure on the luxury carmaker to implement change as it grapples with its emissions scandal. "Now we also want a thorough implementation" of new leadership principles, Audi works...

  • *Improved efficiency in China to boost Asia earnings. TOKYO, Feb 5- Toyota Motor Corp raised its full-year net profit forecast on Friday due to improvements in its Chinese operations, while the Japanese automaker also lifted its sales forecast for the North American market, where demand has been booming. The world's biggest-selling automaker said it expected...

  • Toyota Motor Corp., the No. 1 automaker in global vehicle sales, reported Friday a 627.9 billion yen profit for the October-December fiscal third quarter, up from 600 billion yen a year earlier. Toyota's vehicle production in Japan will be suspended from Feb. 8 to Feb. 13. Over the three month period through December, Toyota's vehicle sales rose in North America,...

  • TOKYO, Feb 5- Toyota Motor Corp raised on Friday its full-year sales forecast for North America due to strong demand in the United States, while posting a lower-than-expected operating profit for the third quarter due to an increase in expenses. The world's biggest-selling automaker posted an operating profit of 722 billion yen in the October-December...

  • TOKYO, Feb 5- Japan's Nikkei share average fell for a fourth day on Friday and was on track for a weekly loss as investors are worried that a stronger yen could squeeze exporters' earnings, hurting automakers like Toyota and Honda in particular. The dollar traded at 116.89 yen, up slightly from overnight trade but not far from Thursday's two-week low of 116.525 yen.

  • BRASILIA/ SAO PAULO, Feb 4- Brazil's trade minister called for unrestricted auto trade with Mexico and Argentina on Thursday, after data showed the local automotive sector had its worst January in a dozen years. In a brief interview with Reuters, Trade Minister Armando Monteiro said he would propose free trade in vehicles and auto parts when he travels next week...

  • *European Commission has proposed further reforms. *European Commission demanding answers from Volkswagen. They came close to securing a rare veto in the European parliament of a policy that had the backing of the EU's member state governments and, more grudgingly, the executive European Commission.

  • WASHINGTON/ DETROIT, Feb 4- Continental Automotive Systems said Thursday it supplied potentially defective air bag control units to 5 million vehicles used by Honda, Fiat Chrysler, Mercedes-Benz, and three other manufacturers built over a five-year period worldwide, widening an air bag safety crisis. Continental Automotive, a unit of Germany- based...

  • DETROIT— Haggling over a car price isn't always a bargain. When buyers use TrueCar, they get a bell curve of sales prices reported by dealers, plus three discounted price offers on the car they want from dealers in their area. TrueCar, founded in 2005, makes its money on fees paid by dealers for sales.

  • *ING up on solid results, reassuring message on oil risk. MILAN, Feb 4- European shares fell on Thursday as weak U.S. data fed concerns that the world's biggest economy may be slowing down, with export-oriented auto stocks leading the decline and Credit Suisse tumbling after reporting a full-year loss. "The dollar is weakening because the market is starting to worry...