BUSINESS November 25, 2015 | 11:04 AM
- Company cannot be prosecuted under German law
- Vehicle taxes are normally paid by owners
- CEO says emission solution is close
The problems for Volkswagen AG have just gotten worse. German prosecutors in Braunschweig are investigating five employees for tax evasion connected to the emissions-testing software scandal.
German law requires taxes be levied against vehicles based on fuel consumption. Vehicle owners pay this tax. Prosecutors believe owners of vehicles involved in the scandal have underpaid.Read more »
BUSINESS November 24, 2015 | 12:06 PM
- Spouses and children can take advantage of online university
- Dealership turnover is high
- Ford recalls 452,000 vehicles for gas leak
Fiat Chrysler Automobiles is expanding its Degrees@Work program to include the spouses and children of employees at its 2,635 U.S. dealerships.
The program was designed to retain employees and increase morale. Fiat also hopes it will improve salesmen’s reputations. It was introduced in May at 130 dealerships.Read more »
BUSINESS November 23, 2015 | 11:51 AM
- Chevy Colorado will be given off road testing
- Hydrogen vehicles provide military with many benefits
- Hydrogen fueling stations slow to be built
General Motors Co. and the U.S. Army’s Tank Automotive Research, Development and Engineering Center (TARDEC) will team up to test a hydrogen fuel-cell vehicle.
Midsized pickup Chevrolet Colorado has been equipped with a hydrogen fuel-cell powertrain.Read more »
BUSINESS November 22, 2015 | 11:38 AM
- Ford nearly rejects agreement
- Fiat passed contract in October
- Agreement avoids employee discord
The United Automobile Workers (UAW) has signed a new contract with all three U.S. automakers after five months of negotiations. The contract covers 140,000 employees and expires in four years.
Ford Motor Co. nearly didn’t pass the agreement. Only 51% of the company’s production workers and 53% of its skilled workers passed the proposal. Skilled workers include professions such as millworkers, plumbers and electricians.Read more »
BUSINESS November 19, 2015 | 11:15 AM
- Some vehicles had gasoline engines
- Volkswagen will buy back cars that meet criteria
- CEO apologizes at LA Auto Show
More Volkswagen Group vehicles than previous disclosed are affected by the emission scandal, including some gasoline-powered cars.
Earlier this month, Volkswagen said it understated the emissions of up to 800,000 vehicles, some 2016 models. The vehicles affected have a 1.2 or 1.4 liter diesel engine or a 1.4 liter motor- gasoline engine with a cylinder cut-off.Read more »
BUSINESS November 18, 2015 | 11:00 AM
- Chevrolet wins two awards
- Person of Year award also given
- Vehicles judged in multiple categories
Motor Trend magazine has named its top picks for car, truck and SUV for 2016.
Chevrolet, manufactured by General Motors Inc., was awarded two awards.Read more »
BUSINESS November 17, 2015 | 11:55 AM
- Automaker says Porsche Carrera GT was modified
- Plaintiff claims sports car is highly defective, dangerous
- Police had ruled cause of accident was high speed
Luxury auto brand Porsche has responded to a wrongful death lawsuit that claims the automaker is responsible for the death of actor Paul Walker and his friend Roger Rodas.
Porsche says the men knowingly and voluntarily assumed all risk and that they conducted themselves in a manner that exposed them to danger.Read more »
BUSINESS November 16, 2015 | 12:02 PM
- Regulations were scheduled to be written by January 2015
- Google becoming impatient
- Self-driving car pulled over for driving under speed limit
The California State Transportation Agency and California Department of Motor Vehicles is well behind schedule establishing regulations for the legalization of self-driving cars, frustrating tech giant Google Inc.
The department had said it would establish rules by Jan. 1, 2015, but now it’s unknown when they will be completed.Read more »
BUSINESS November 12, 2015 | 12:05 PM
- Revenue flat
- Company to close 30 stores by year’s end
- CEO stepping down
Advanced Auto Part Inc. (AAP), the largest auto parts retail chain in North America, posted earnings of $1.95 a share during the third quarter, below analysts’ estimates of $2.06.
Revenue was $2.29 billion, flat compared to 2014, increasing .2%. Estimates were $2.33 billion.Read more »
BUSINESS November 11, 2015 | 10:29 AM
- Recommendation is a reversal of previous statements
- Only six states now require seat belts
- Opponents feel belts are unnecessary
The U.S. National Highway Traffic Safety Administration has issued a recommendation for installing three-point seat belts in school buses throughout the country.
The stance is a reversal of previous statements when the agency said buses were safe without seat belts and that retrofitting buses would be extremely expensive.Read more »