VW to spend $2 billion on zero emissions efforts – An organization set up as part of the Volkswagen diesel emissions settlement said Tuesday it is accepting proposals for $2 billion it must spend in the United States on zero emissions vehicle infrastructure and education. About $800 million of that total is to be targeted at California, “one of the world’s largest ZEV markets,” but $1.2 billion will fund separate programs across the country, according to a statement from the group, Electrify America.
Toyota, Suzuki to ally as vehicle tech push accelerates – Japanese automakers Toyota and Suzuki, which began discussing a partnership in October, said Monday they would work together in ecological and safety technology — a rapidly growing area in the industry. Toyota Motor Corp., the maker of the Camry sedan, Prius hybrid and Lexus luxury models, and Suzuki Motor Corp., which specializes in tiny cars, announced the decision, following approval by the company boards, and signed a memorandum of agreement, both sides said.
GM hourly workers will get bonus checks of up to $12,000 – Hourly workers for General Motors will get record bonus checks of up to $12,000 after the company reported booming sales in North America, as consumers flock to high-profit trucks, crossovers and pickup trucks. The profit-sharing checks owed to GM’s 52,000 United Auto Workers-represented workers are based on a simple formula. They get about $1,000 for every $1 billion in annual pre-tax North American profit, according to a formula adopted as part of contract negotiations in 2011.
Auto CEOs want Trump to order review of 2025 fuel rules – The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025. In a letter sent late Friday and viewed by Reuters, the chief executives of General Motors Co (GM.N), Ford Motor Co, Fiat Chrysler Automobiles NV, along with the top North American executives at Toyota Motor Corp (7203.T), Volkswagen AG (VOWG_p.DE), Honda Motor Co (7267.T), Hyundai Motor Co (005380.KS), Nissan Motor Co (7201.T) and others urged Trump to reverse the decision, warning thousands of jobs could be at risk.
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