Auto

Audi Braces for Fourth-Quarter Earnings Hit Over Model Costs – New York Times

BERLIN — Audi, Volkswagen’s main profit driver, is bracing for earnings to take a hit in the fourth quarter after posting a higher profit between April and June, citing development costs for models such as the redesigned A6 and A7 models. Second-quarter operating profit at Audi grew 5.3 percent to 1.44 billion euros ($1.68 billion) as the carmaker cuts R&D and other fixed costs, lifting the operating margin to 9.1…

Posted: Friday, July 28, 2017

Wells Fargo broadsided anew with an auto insurance sales scandal – American Banker

Wells Fargo’s campaign to rebuild customer and shareholder trust just hit another bump, as the bank said it may have pushed thousands of car buyers into loan defaults and repossessions by charging them for unwanted insurance. An internal review of the bank’s auto lending found more than 500,000 clients may have unwittingly paid for protection against vehicle loss or damage while making monthly loan payments, even though many drivers already…

Posted: Friday, July 28, 2017

Wells Fargo Forced Unwanted Auto Insurance on Borrowers – New York Times

“We have a huge responsibility and fell short of our ideals for managing and providing oversight of the third-party vendor and our own operations,” Franklin R. Codel, the head of consumer lending at Wells Fargo, said in an interview. “We self-identified this issue, and we made the right business decisions to end the placement of the product.” The report, which was prepared by the consulting firm Oliver Wyman, looked at…

Posted: Friday, July 28, 2017

EPA approves long-awaited fix for Volkswagen diesel cars – USA TODAY

2014 Volkswagen Jetta SportWagen TDI diesel.(Photo: VW) U.S. regulators have approved repairs for Volkswagen Group diesel cars that were engulfed in a scandal over excess emissions, meaning that owners eligible for buybacks can instead choose to accept a fix and cash compensation. The U.S. Environmental Protection Agency authorized the fix to VW’s 2-liter engine diesel cars from 2009 through 2014, including the Jetta, Jetta SportWagen, Golf, Beetle, Beetle Convertible and…

Posted: Thursday, July 27, 2017

New York Today: Seatless Subway Cars – New York Times

Photo Inviting, isn’t it? Credit Harrison Hill/The New York Times Updated, 8:16 a.m. Good morning on this cloudy Thursday. The Metropolitan Transportation Authority recently released its roughly $800 million plan to fix our beleaguered subway system. Among the proposals: seatless subway cars. That’s right. To accommodate more passengers, subway officials will remove seats from a few trains on certain lines, possibly later this year, starting with a pilot program on…

Posted: Thursday, July 27, 2017

Revealed: the top 10 cars bought by premiership footballers – Telegraph.co.uk

We’ve noticed you’re adblocking. We rely on advertising to help fund our award-winning journalism. We urge you to turn off your ad blocker for The Telegraph website so that you can continue to access our quality content in the future. Thank you for your support.

Posted: Tuesday, July 25, 2017

BMW did not receive post-Brexit government reassurance before its Oxford Mini decision – The Independent

German carmaker BMW has announced plans to build an electric Mini at its plant in Oxford, but said that it hadn’t received any reassurances from the Government over post-Brexit trading arrangements before making the decision. On Tuesday, BMW said that it would be building the battery-powered, zero emissions vehicle in 2019, and that it had considered locations in Germany and the Netherlands before settling on the UK. Mini makes around…

Posted: Tuesday, July 25, 2017

Britain to ban sale of all diesel and petrol cars and vans from 2040 – The Guardian

As part of a government strategy to improve air quality, Britain is to ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health. The commitment, which follows a similar pledge in France, is part of the government’s much-anticipated clean air plan, which has been at the heart of a protracted high court legal battle….

Posted: Tuesday, July 25, 2017

BMW halts project talks after Daimler blew whistle: Sueddeutsche – Reuters

BERLIN (Reuters) – BMW (BMWG.DE) has suspended talks with Daimler (DAIGn.DE) on future cooperation projects after its rival disclosed alleged collusion among German carmakers to cartel authorities, Sueddeutsche Zeitung reported on Tuesday, citing industry sources. BMW’s top management plans to critically question future cooperation with Daimler on joint purchasing of auto parts and efforts to develop charging stations for electric cars, the daily newspaper said. The project to develop charging…

Posted: Tuesday, July 25, 2017

Audi’s new luxury sedan is a high-tech machine that should terrify BMW and Mercedes – Business Insider

Audi gave its flagship A8 sedan an upgrade for 2018.Audi Audi recently unveiled its new luxury sedan — and it should make BMW and Mercedes nervous. The all-new Audi A8 will support level 3 autonomous driving, meaning the car can handle most scenarios without driver intervention. The sedan takes a direct shot at BMW’s 7-Series — the German automaker’s luxury sedan that debuted in 2015 and that supports autonomous functions…

Posted: Tuesday, July 25, 2017

BMW Denies Collusion Allegations, Says It Didn’t Cheat Emissions Standards – Fortune

As its competitors remain bogged down by emissions scandals, luxury automaker BMW is trying to steer clear. Late Sunday, the world’s fourth largest automaker by market value released a statement saying that it “categorically rejects” accusations that it had colluded with its fellow German competitors to fix prices and cheat emissions standards. “As a matter of principle: BMW Group (bmwyy) vehicles are not manipulated and comply with respective legal requirements,”…

Posted: Tuesday, July 25, 2017

Look Ma, No Brake! You’ll Drive Electric Cars With One Pedal – WIRED

Posted: Tuesday, July 25, 2017

BART shows off new train cars – SFGate

http://www.sfgate.com/bayarea/article/BART-shows-off-new-train-cars-11346212.php By Steve Rubenstein Updated 5:14 pm, Monday, July 24, 2017 BART is testing new trains that are designed to fit more people. Take a look inside the new BART trains. Media: Michael Macor BART’s brand spanking new electric train cars tried their very hardest on Monday to work like they were supposed to. It’s not easy being the new kid on the block. What BART proved Monday during its gala…

Posted: Tuesday, July 25, 2017

Bikes May Have To Talk To Self-Driving Cars For Safety’s Sake – NPR

Anthony Rowe, an associate professor at Carnegie Mellon University in Pittsburgh, wants bikes to feed information to nearby cars to avoid collisions. His bike is fitted with an array of precise instruments and a battery hidden in the water bottle. Margaret J. Krauss/WESA hide caption toggle caption Margaret J. Krauss/WESA Anthony Rowe, an associate professor at Carnegie Mellon University in Pittsburgh, wants bikes to feed information to nearby cars to…

Posted: Tuesday, July 25, 2017

Roadster Return: 2019 BMW Z5 Spied – Car and Driver

What It Is: A new roadster that replaces the departed BMW Z4. The Z4, which itself replaced the Z3, ran for 14 seasons but was dropped from the brand’s U.S. lineup after 2016. With worldwide sales of roadsters weak, BMW has partnered with Toyota in order to reduce development costs of this successor, the Z5 (which may in fact retain the Z4 name). The program also will deliver a similar-sized…

Posted: Tuesday, July 25, 2017

BMW Denies Collusion Allegations, Says It Didn’t Cheat Emissions Standards – Fortune

As its competitors remain bogged down by emissions scandals, luxury automaker BMW is trying to steer clear. Late Sunday, the world’s fourth largest automaker by market value released a statement saying that it “categorically rejects” accusations that it had colluded with its fellow German competitors to fix prices and cheat emissions standards. “As a matter of principle: BMW Group (bmwyy) vehicles are not manipulated and comply with respective legal requirements,”…

Posted: Monday, July 24, 2017

Bikes May Have To Talk To Self-Driving Cars For Safety’s Sake – NPR

Anthony Rowe, an associate professor at Carnegie Mellon University in Pittsburgh, wants bikes to feed information to nearby cars to avoid collisions. His bike is fitted with an array of precise instruments and a battery hidden in the water bottle. Margaret J. Krauss/WESA hide caption toggle caption Margaret J. Krauss/WESA Anthony Rowe, an associate professor at Carnegie Mellon University in Pittsburgh, wants bikes to feed information to nearby cars to…

Posted: Monday, July 24, 2017

The Model 3 arrives Friday — here’s a look at how Tesla’s cars have evolved over the years – Business Insider

REUTERS/Beck Diefenbach Tesla’s big party for the Model 3 kicks off on Friday. The electric automaker will reveal the production version of its long-awaited sedan to the first 30 customers who ordered one at a handover party. Tesla will then kick Model 3 production into high gear with the goal of producing 1,500 sedans in September and 20,000 cars in December. We decided to take a look back at just how far…

Posted: Monday, July 24, 2017

2018 Audi A5 Cabriolet – Car and Driver

The seasons always change, but convertibles rarely do. The idea of a retractable roof on automobiles has existed since before the invention of the car itself, and droptops have been a mainstay of Audi’s offerings for decades now. In the United States, the four-ring brand sells four convertibles for a variety of clientele. There’s the small and relatively affordable A3 for sun seekers on a (sort of) budget, the stylish…

Posted: Monday, July 24, 2017

BMW Denies Collusion Allegations, Says It Didn’t Cheat Emissions Standards – Fortune

As its competitors remain bogged down by emissions scandals, luxury automaker BMW is trying to steer clear. Late Sunday, the world’s fourth largest automaker by market value released a statement saying that it “categorically rejects” accusations that it had colluded with its fellow German competitors to fix prices and cheat emissions standards. “As a matter of principle: BMW Group (bmwyy) vehicles are not manipulated and comply with respective legal requirements,”…

Posted: Monday, July 24, 2017