Shares of Asian automakers and suppliers, including Toyota, Nissan, Honda and Mazda, tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico.
The U.S. Justice Department has opened a criminal investigation into Ford’s emissions certification process, the automaker disclosed two months after admitting to an issue with its testing.
The U.S. Commerce Department sent a report on Sunday to President Donald Trump that could unleash steep tariffs on imported cars and auto parts. Profits at German automakers are seen most at risk from tariffs on cars they export to the U.S. from Europe.
An autonomous Uber car killed a woman in the street in Arizona, police said, in what appears to be the first reported fatal crash involving a self-driving vehicle and a pedestrian in the US.
U.S. President Donald Trump kept up pressure on trading partners, threatening European automakers with a tax on imports if the European Union retaliates against his plan to impose tariffs on aluminum and steel.
Congress should investigate new allegations that Volkswagen Group diesel cars were sold overseas with rigged software after the company’s $14.7 billion settlement of a cheating scandal in the U.S., a Republican lawmaker said.
Volkswagen AG’s global deliveries rose 4.3 percent to 10.7 million last year as the recovering markets of Russia and Brazil helped to offset weak demand in western Europe. VW presented the latest novelties at a Motor Show in Detroit last week.
Takata Corp. seeks bankruptcy protection from creditors on Monday, June 26, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.
Days before his May 19 ouster as CEO of Ford Motor Co., Mark Fields was proposing to fire his top lieutenant, Joe Hinrichs, in an effort to relieve some of the pressure he was facing from a skeptical board of directors, Automotive News has learned.
General Motors was accused of putting defeat devices in its trucks to beat emissions tests, the sixth carmaker linked to diesel cheating scandal since 2015, when Volkswagen admitted to installing software to bypass pollution rules.
The U.S. Justice Department is preparing to sue Fiat Chrysler Automobiles if talks fail to resolve differences over the automaker’s alleged violations of U.S. clean-air rules with its diesel vehicles, according to two people briefed on the matter.
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