Car devices

Alabama to get $24M in Volkswagen settlement to reduce diesel emissions – AL.com

Wednesday, March 22, 2017

Volkswagen’s attempts to cheat on emissions testing of their diesel cars will result in about $24 million in projects in Alabama to reduce diesel emissions and improve air quality in the state. The money will be Alabama’s share of a $2.9 billion settlement between Volkswagen and the federal government after the automaker was caught using software in its vehicles that allowed the cars to operate in a fuel-saving mode only while…

Volkswagen Tests Waters With First Bond Issue After Emissions Scandal – Wall Street Journal (subscription)

Wednesday, March 22, 2017

Volkswagen AG plans to the return to the bond markets Thursday for the first time since its emissions-cheating scandal, testing confidence after an 18-month hiatus. The multibillion-euro bond issuance is a sign of Volkswagen returning to its traditional funding pattern, said Jörg Boche, head of group treasury, during a call with investors on…

French investigation into emissions cheating widens to include Fiat Chrysler – CNNMoney

Wednesday, March 22, 2017

Fiat Chrysler is the latest automaker to be ensnared in a growing French investigation into diesel emissions cheating. The Paris prosecutor has opened an investigation into potential aggravated fraud at Fiat Chrysler, a spokesperson confirmed Wednesday. Fiat Chrysler acknowledged it was under investigation for “alleged consumer protection violations” and said it would cooperate with prosecutors. But the automaker also said it had done nothing wrong. “[Fiat Chrysler] reiterates once again…

BMW’s Hazard Lights Are Blinking – Bloomberg

Wednesday, March 22, 2017

Investors aren’t giving BMW AG much credit for its consistently good profits and decent cash generation. Maybe too much credit is the problem. BMW’s automotive business generated an impressive 5.8 billion euros ($6.3 billion) of free cash flow last year, lifting net liquidity (cash, marketable securities and intragroup net financial assets) to 19.6 billion euros. Yet, oddly, BMW’s liquidity buffer accounts for more than a third of its market value…

New York offers $2K rebates to spark electric car sales – Times Herald-Record

Wednesday, March 22, 2017

ALBANY (AP) — New York state is launching a program to provide electric cars buyers with rebates of up to $2,000. Democratic Gov. Andrew Cuomo says the $55 million rebate program is designed to spur more electric car use in New York and help reduce carbon emissions. The rebates are available to New York residents who buy eligible cars through participating new car dealers. …

BMW takes on Mercedes with record model offensive – The Detroit News

Wednesday, March 22, 2017

BMW finance chief Nicolas Peter, left, and CEO Harald Krueger with the 530e iPerformance car March 21, 2017 in Munich. The maker of BMW, Mini and Rolls-Royce autos is looking for a spark after tepid results from its revamped 7-Series and 5-Series vehicles.(Photo: Matthias Schrader / AP) BMW AG plans the biggest rollout of new and revamped models in its history as the luxury-car maker fights back after losing the…

Volkswagen starts SUV Tiguan production in India – Economic Times

Wednesday, March 22, 2017

NEW DELHI: German auto major Volkswagen today said it has started production of its upcoming premium SUV Tiguan at the Aurangabad plant in Maharashtra. To be launched later this year in India, the Tiguan will be available with a 2 litre diesel engine mated to a 7-speed automatic gearbox. “The Tiguan will be our premium SUV offering for India and will cater to the unceasing demand in the segment. Our…

We’ll trade deaths with cars against jobs, says Zipcar co-founder – CNBC

Wednesday, March 22, 2017

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A Volkswagen Couple Get Busy in a ‘Luv Bug’ and Soon Need … – Adweek

Wednesday, March 22, 2017

With the arrival of spring, love is in the air in Volkswagen’s new “Luv Bug” commercial—which, contrary to what you might think, isn’t for its classic “love bug” Beetle but for its seven-seater Atlas. The ad kicks off with some actual love going down in a VW bug overlooking a cityscape. As the couple’s family grows, the Beetle gets swapped out for progressively bigger vehicles, from the Jetta to the Atlas….

Curling With Compact Cars – Atlas Obscura

Wednesday, March 22, 2017

Get our latest, delivered straight to your inbox by subscribing to our newsletter. Subscribe to our newsletter and get our latest, sent right to your inbox. Curling isn’t exactly an extreme sport, but some people in Russia might be trying to change that, recently playing a version of the sport with full-size cars. As reported on RT, the weird game took place on a skating rink in the city of Ekaterinburg….

How We Took a $2000 BMW and Made It Go Off-Roading, Run an Endurance Race, and More – The Drive

Tuesday, March 21, 2017

There’s something heroic about taking a car whose best days appear to be behind it, and, through hard work, kind of re-animating it. On a recent episode of AFTER/DRIVE, I spoke with Ryan Symancek, resident automotive adventurer and host of /MY LIFE AS A RALLYIST about a new miniseries he produced for The/DRIVE. On occasion of the premiere episode of /BORN A CAR, we talked about the new show, the…

BMW challenges Mercedes with new model offensive – Financial Times

Tuesday, March 21, 2017

BMW challenges Mercedes with new model offensive

Electric cars pose little threat to oil demand – Financial Times

Tuesday, March 21, 2017

Electric cars pose little threat to oil demand

We’ll trade deaths with cars against jobs, says Zipcar co-founder – CNBC

Tuesday, March 21, 2017

<!– –> HOME EDITION News Economy Finance Health Care Real Estate Wealth Autos Earnings Energy Life Media Politics Retail Commentary Special Reports Asia Europe CFO Council Markets Pre-Markets U.S. Asia Europe Stocks Commodities Currencies Bonds Funds ETFs Investing Trading Nation Trader Talk Financial Advisors Personal Finance CNBC Explains Portfolio Watchlist Stock Screener Fund Screener Tech Mobile Social Media Enterprise Gaming Cybersecurity Make It Entrepreneurs Leadership Careers Money Specials Shows Video…

A Volkswagen Couple Get Busy in a ‘Luv Bug’ and Soon Need Bigger and Bigger Cars – Adweek

Tuesday, March 21, 2017

With the arrival of spring, love is in the air in Volkswagen’s new “Luv Bug” commercial—which, contrary to what you might think, isn’t for its classic “love bug” Beetle but for its seven-seater Atlas. The ad kicks off with some actual love going down in a VW bug overlooking a cityscape. As the couple’s family grows, the Beetle gets swapped out for progressively bigger vehicles, from the Jetta to the Atlas….

BMW Mulls Moving Iconically British Mini Amid Brexit Talks – Bloomberg

Tuesday, March 21, 2017

BMW AG hinted it may shift production of the quintessentially English Mini car to mainland Europe, a harbinger of the cultural tremors that may follow Brexit’s economic fallout. The German automaker is preparing for “different scenarios” in response to the U.K.’s planned exit from the European Union, and has the leeway to move output elsewhere if necessary, according to a statement on Tuesday. While most Minis are made in Oxford,…

A Volkswagen Couple Get Busy in a ‘Luv Bug’ and Soon Need Bigger and Bigger Cars – Adweek

Tuesday, March 21, 2017

With the arrival of spring, love us in the air in Volkswagen’s new “Luv Bug” commercial—which, contrary to what you might think, isn’t for its classic “love bug” Beetle but for its seven-seater Atlas. The ad kicks off with some actual love going down in a VW bug overlooking a cityscape. As the couple’s family grows, the Beetle gets swapped out for progressively bigger vehicles, from the Jetta to the Atlas….

BMW M760Li Review: To Drive Or Be Driven? – Forbes – Forbes

Tuesday, March 21, 2017

Credit: BMW. The new BMW M760i looks menacing, especially with its carbon fiber bodywork and other visual tweaks. Every once in a while, a car comes along that defies conventional categorization. Take, for example, the new pinnacle of BMW’s flagship 7 Series sedan line, the M760Li xDrive we recently drove over the course of a week through Chicago’s bucolic western suburbs. A long-wheelbase 7 Series like this is most often…