Friday 29 April 2016

VW says emissions scandal bill could get much bigger

Volkswagen's emissions test cheating scandal could cost it much more than the $18 billion earmarked so far and it might have to sell assets to foot the bill, the German carmaker said on Thursday. Europe's biggest motor manufacturer, battling to rebuild its reputation afte


VW CEO says will strengthen cooperation with Qatar

Volkswagen will strengthen cooperation with Qatar, its third-largest shareholder, chief executive Matthias Mueller said, as Europe's biggest carmaker struggles to overcome the emissions scandal and reposition its business. "In future there will be closer cooperation in d


BMW launches all-new M2 Coupé

German automaker BMW M GmbH has launched the all-new BMW M2 Coupé, a high-performance coupé that succeeds the BMW 1 Series M Coupé. The new model continues the tradition of the compact high-performance BMW sports cars that started over 40 years ago with the B


Ford will invest $1.6bn in two US factories

Ford Motor Co will invest $1.6 billion in two US factories to start making a new automatic transmission and expand output of certain commercial trucks, the company said on Tuesday. Ford said the moves would support a total of 650 jobs but would not say how many new ones would be


Nissan unveils all-new Tiida at Auto China

Nissan unveiled the all-new Tiida and announced the launch of Maxima at Auto China, the 14th Beijing International Automobile Exhibition taking place from April 25 to May 4. Additionally, the Nissan IDS Concept premiered, bringing the company’s vision for the future of EVs


2016 Honda Civic arrives in Jordan

The Jordanian International Automobile Trading Company (Tahboub Automotive), the certified distributor of Honda vehicles in Jordan, has launched the all new 2016 Civic. With sleek, sporty lines and an improved power-to-weight ratio, the compact car is not only fun to drive, chari


Mercedes-Benz branded financing launched in Bahrain

Daimler Financial Services and leading bank BBK in collaboration with automotive dealer Al Haddad Motors have begun offering Mercedes-Benz branded financial services under the brand name ‘Mercedes-Benz Finance’ in Bahrain. Customers can now take advantage of attractiv


Lexus RX 350 named ‘Best Small Premium SUV’

The Lexus RX 350 has been selected as the ‘Best Small Premium SUV’ at this year’s Middle East Car of the Year Awards (Mecoty) ceremony. “The mix of sharp creases and curves of this perennial best-selling luxury crossover represents a bold evolution in the model&


GM to temporarily idle four North American auto plants

General Motors said on Friday it will close four North American plants, which primarily make cars rather than SUVs or trucks, for two weeks because of a parts shortage following the earthquake this month in Japan. GM looked at parts availability and its North American plant opera


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