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Autos

Volkswagen says regrets Washington decision to pursue $176 million fine

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FRANKFURT Volkswagen said on Friday it regretted the Washington Department of Ecology's decision to fine it $176 million (£133.5 million) over its emissions scandal, saying the move ran counter to efforts to resolve U.S. consumer claims collectively.

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VW's Audi will miss 2016 profitability goal 10:02am BST

BERLIN Volkswagen's luxury division Audi will miss its benchmark for profitability this year as costs for the diesel emissions scandal and possible recalls of cars fitted with Takata Corp airbags are weighing on results.

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Daimler to invest 1 billion euros to build second Hungary plant 9:20am BST

FRANKFURT Daimler AG will invest 1 billion euros (841.19 million pounds)in a second plant in Kecskemét, Hungary, in the coming years, which will make front and rear-wheel drive cars, the company said on Friday.

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Mazda first quarter profit slips on strong yen, but global car sales climb 7:36am BST

TOKYO Japanese automaker Mazda Motor Corp reported a 1.7 percent fall in operating profit during the first quarter, hurt by a sharply stronger yen, although it managed to log slight growth in global sales.

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Ford calls an end to U.S. auto boom, rivals bet other way 28 Jul 2016

DETROIT Ford Motor Co on Thursday declared the U.S. auto industry's long recovery is at an end, sending its stock and those of rival auto companies tumbling. | Video

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Brexit shockwaves hit British jobs, banks, automobiles 28 Jul 2016

LONDON Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, big extra costs for Ford, and consumer confidence plunging.

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Despite dieselgate, Volkswagen becomes top-selling carmaker as Toyota slips 28 Jul 2016

TOKYO/BERLIN Toyota Motor Corp reported a drop in first-half vehicle sales on Thursday following a series of production stoppages, falling behind Volkswagen which became the world's top-selling carmaker in the first six months of 2016 despite its emissions scandal.

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Mercedes rejects claims about 'misleading' self-driving car ads 28 Jul 2016

FRANKFURT Mercedes-Benz has defended an advertising campaign for its new E-Class against allegations that consumers were being misled about the car's self-driving capabilities, the latest backlash by consumer groups in the wake of a fatal Tesla accident.

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Fall in Volkswagen brand profit shows lasting effects of scandal 28 Jul 2016

BERLIN Volkswagen reported a 12 percent drop in quarterly profit at its main passenger car division on Thursday, a big improvement on the quarter before but showing the challenges it still faces to overcome its emissions scandal.

Volkswagen eyes higher 2016 car sales on China, Europe demand 28 Jul 2016

BERLIN Volkswagen this year expects to increase group vehicle sales slightly beyond the 9.93 million cars it delivered in 2015, sales chief Fred Kappler said.