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Volkswagen to invest $27 billion in core brand until 2022

FRANKFURT Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars.

Latest Auto News

Volkswagen to invest $27 billion in core brand until 2022

FRANKFURT, Nov 18 Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending programme aimed at bolstering its position as a maker of electric cars.

5:34am EST
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U.S. rejects Ford petition to delay recall of three million vehicles

WASHINGTON The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.

Nov 17 2017

UPDATE 1-U.S. rejects Ford petition to delay recall of 3 million vehicles

WASHINGTON, Nov 17 The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recalling about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.

Nov 17 2017
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J.B. Hunt, Wal-Mart climb aboard Tesla's electric truck

Tesla Inc on Friday got high-profile orders from Wal-Mart Stores Inc and fleet operator J.B. Hunt for its future electric truck, but would-be customers indicated they are giving the big rig a try, not buying in volume.

Nov 17 2017

BRIEF-Visteon says entered amendment no. 3 to its credit agreement, dated as of Apr 9, 2014

* Visteon Corp - ‍on Nov 14, co entered amendment no. 3 to its credit agreement, dated as of April 9, 2014 - SEC Filing​

Nov 17 2017

UPDATE 4-J.B. Hunt, Wal-Mart climb aboard Tesla's electric truck

Nov 17 Tesla Inc on Friday got high-profile orders from Wal-Mart Stores Inc and fleet operator J.B. Hunt for its future electric truck, but would-be customers indicated they are giving the big rig a try, not buying in volume.

Nov 17 2017

BUZZ-U.S. stocks weekly: Feeling taxed

** S&P 500 gyrates before edging lower for second straight week as tax changes mulled

Nov 17 2017

UPDATE 3-Tesla's unfettered ambition will drain finances -analysts

* Shares gain, but still down more than 20 pct from high (Adds context on regulatory demands for cleaner trucks)

Nov 17 2017

Canadian grocery chain Loblaw says has ordered 25 Tesla electric trucks

TORONTO, Nov 17 Canadian grocery chain Loblaw Cos has placed an order for 25 of Tesla Inc's new electric heavy duty trucks, a Loblaw spokeswoman said in a statement sent by email.

Nov 17 2017

U.S. rejects Ford petition to delay recall of 3 million vehicles

WASHINGTON, Nov 17 The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford Motor Co to delay recall of about 3 million vehicles with potentially defective air bag inflators to conduct additional testing.

Nov 17 2017
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Volkswagen accelerates push into electric cars with $40 billion spending plan

WOLFSBURG/HAMBURG Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. | Video

Nov 17 2017

UPDATE 2-Volkswagen accelerates push into electric cars with $40 bln spending plan

* Thrift, rising auto sales help trim investment quota -VW (Adds comments from works council chief and analyst, details on investment, background)

Nov 17 2017

BRIEF-VW's Skoda to produce all-electric vehicles in Mlada Boleslav from 2020

* VW's Czech unit Skoda Auto says to produce all-electric vehicles at Mlada Boleslav facility from 2020

Nov 17 2017

BRIEF-Wal-Mart says has preordered 5 of Tesla's new electric trucks for U.S.‍​‍​

* Wal-Mart says has pre-ordered 5 units of Tesla's new heavy-duty electric vehicle for the U.S. - Statement ‍​

Nov 17 2017
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Electric cars not ready for mass production yet: Toyota chairman to Spiegel

FRANKFURT Battery-powered cars are not ready for mass production yet, the chairman of Japan's Toyota Motor Corp told a German magazine, adding that he did not see U.S. electric vehicle pioneer Tesla as a role model.

Nov 17 2017
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Factbox: Automakers get serious about electric cars

Volkswagen's leaders on Friday approved a five-year spending plan that aims to further the German carmaker's goal of transforming itself into a leading force in electric cars.

Nov 17 2017

Electric cars not ready for mass production yet - Toyota chairman to Spiegel

FRANKFURT, Nov 17 Battery-powered cars are not ready for mass production yet, the chairman of Japan's Toyota Motor Corp told a German magazine, adding that he did not see U.S. electric vehicle pioneer Tesla as a role model.

Nov 17 2017