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Volkswagen AG

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  • MOUNTAIN VIEW, Calif., June 25- Two self-driving prototype cars, one operated by Google Inc and the other by Delphi Automotive Plc, had a close call on a Silicon Valley street earlier this week, a Delphi executive told Reuters on Thursday. The incident occurred Tuesday on San Antonio Road in Palo Alto, said John Absmeier, director of Delphi's Silicon Valley lab and...

  • PALO ALTO, Calif./ DETROIT, June 23- Ford Motor Co is joining other global automakers in stepping up efforts to roll out self-driving cars, company executives said on Tuesday. Ford has lagged behind competitors, notably General Motors Co, Volkswagen AG's Audi, Daimler AG's Mercedes-Benz and Tesla Motors Inc, which have all announced plans to begin offering...

  • MILAN, June 23- Fiat Chrysler Automobiles will launch the first of a new range of Alfa Romeo cars on Wednesday, the lynchpin of its turnaround plan and potentially an opportunity to attract a cash-rich merger partner. Chief Executive Sergio Marchionne is betting on the 105- year-old Alfa brand to help FCA take on German rivals BMW, Audi and Mercedes-Benz in the...

  • MILAN, June 23- Fiat Chrysler Automobiles will launch the first of a new range of Alfa Romeo cars on Wednesday, the lynchpin of its turnaround plan and potentially an opportunity to attract a cash-rich merger partner. Chief Executive Sergio Marchionne is betting on the 105- year-old Alfa brand to help FCA take on German rivals BMW, Audi and Mercedes-Benz in the...

  • DETROIT/ BERLIN, June 19- Volkswagen AG expects "limited growth" in the United States over the next two years and will focus on defending the market share it has, the top executive for the region told Reuters, suggesting the German automaker will fall short of an ambitious 2018 sales target. VW's U.S. chief, Michael Horn, downplayed the importance of hitting annual U.S....

  • LOS ANGELES— California state officials released reports Thursday detailing six accidents that involved self-driving car prototypes, reversing a policy that had shielded details of how the next-generation technology is performing during testing on public roads. The disclosure came after The Associated Press successfully argued to the Department of...

  • Car brand rankings in 2015 quality survey Wednesday, 17 Jun 2015 | 1:36 PM ET

    Consulting firm J.D. Power and Associates released its annual survey of new vehicle quality Wednesday. The survey questioned 84,000 people with 2015 model-year vehicles after 90 days of ownership and asked them what problems they had. Source: J.D. Power and Associates.

  • *Daimler closing profitability gap with BMW, Audi. Markus Schaefer said in an interview the analysis was at the heart of the luxury carmaker's drive to improve productivity, and in turn boost profit margins in its battle with German rivals BMW and Audi. In the first quarter of 2015, it made a return on sales of 9.2 percent, only just below the 9.5 and 9.7 percent at BMW...

  • BERLIN/ FRANKFURT, June 15- Volkswagen's corporate structure will be overhauled into a decentralised system with four holding companies in a bid to boost profits at Europe's largest carmarker, three VW sources said on Monday. VW's top management may cede power by setting up the holding companies: one for mass market car brands, one for trucks and two divisions...

  • UPDATE 1-Volkswagen group sales fall for second month Friday, 12 Jun 2015 | 12:57 PM ET

    *January-May sales in China down 1.1 pct. FRANKFURT, June 12- Volkswagen group sales fell for a second month in May and at a faster pace than in April, highlighting the German carmaker's difficulties in weak emerging markets. Deliveries at the 12- brand group, including luxury division Audi and sports-car maker Porsche, slid by 2.6 percent to 858,000 vehicles in...

  • *Mercedes discounts in China flat despite price competition. MUNICH/ STUTTGART, Germany, June 11- German carmaker Daimler said on Thursday it will step up cost-cutting efforts as it wants to see its premium Mercedes-Benz brand catch up with more profitable rivals Audi and BMW. Zetsche has been slimming down Daimler to try and make it more efficient since...

  • Marco Rubio's struggles with personal finances Tuesday, 9 Jun 2015 | 7:56 AM ET
    Sen. Marco Rubio.

    Among 2016 contenders, Marco Rubio stands out for his youth, his meteoric rise—and for persistent doubts about his financial management, The New York Times says.

  • SAO PAULO, June 8- Brazil's auto industry is expecting this year's downturn to be its worst since 1998, according to estimates on Monday by national automakers association Anfavea, which slashed its 2015 outlook for the second time in two months. President Dilma Rousseff has also withdrawn subsidies in a recent austerity push, deepening the industry's crisis...

  • Brazil auto production falls 3.4 pct in May Monday, 8 Jun 2015 | 10:25 AM ET

    Brazil is one of the world's five biggest auto markets and a major base of operations for Fiat Chrysler Automobiles NV, Volkswagen AG, General Motors Co and Ford Motor Co..

  • WOLFSBURG, Germany, June 3- Volkswagen needs to come up with a new structure before thinking about appointing a permanent chairman, the powerful labour chief at Europe's biggest carmaker said in an interview. For the first time in more than two decades, Volkswagen no longer has Ferdinand Piech at the helm, a corporate scion who controlled the balance of power...

  • TORONTO/ VANCOUVER, June 2- New car and truck sales in Canada hit a record high in May, with Chrysler leading the pack as the top-selling carmaker for the month and bolstered by strong demand for luxury vehicles, according to data released on Tuesday. Auto sales were up 1.1 percent, with 197,937 cars and light trucks sold in Canada, industry data showed.

  • Ford to give other automakers access to its EV tech Thursday, 28 May 2015 | 9:10 AM ET
    A Ford Focus electric concept car with a home charging unit on display at the 2013 North American International Auto Show in Detroit, Michigan, January 15, 2013.

    Ford said it would give other automakers access to its electric vehicle technologies to accelerate research and development of such vehicles.

  • May 28- Ford Motor Co said it would give other automakers access to its electrified vehicle technologies for a fee to accelerate research and development of such vehicles. Ford's offer comes nearly a year after a move by Tesla Motors Inc, the California electric car maker, to share its patents with other companies, though at no charge. At least four major...

  • FRANKFURT, May 23- Carmaker Daimler on Saturday announced a partnership with mobile technologies company Qualcomm Inc. to explore wireless recharging of mobile phones in cars as well as recharging of electric cars without cables. The move forms part of a broader push by Daimler, parent company of Mercedes-Benz, as well as rival German carmakers BMW and Audi to...

  • FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...