Report: Takata weighing $1B criminal settlement – Troubled auto supplier Takata is close to agreeing to a criminal settlement of up to $1 billion with U.S. prosecutors over the company’s exploding-air-bags scandal, according to a Wall Street Journal report. The Japanese air bag manufacturer has been negotiating a deal that could involve the company pleading guilty to […]
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Report: Google set to enter ride-sharing deal with FCA – Google parent Alphabet plans to launch a ride-sharing service with Fiat Chrysler Automobiles’ new Chrysler Pacifica minivans as part of a reorganization of the tech company’s automotive unit, according to a report from Bloomberg News. New Cars Could Be Required To ‘Talk’ To Each Other As […]
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Volkswagen maps out plan for U.S. resurgence – Battered by an emissions scandal that undermined its reputation and sales, German automaker Volkswagen Group on Tuesday mapped out a plan to re-emerge as a major player in the lucrative U.S. automotive market. After a bruising year of investigations, negative publicity and poor sales, Volkswagen outlined a […]
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This week’s most impactful OEM headlines, including: Porsche to create more than 1,400 jobs for electric cars : Porsche will boost the number of jobs for its first all-electric model by more than half from previous targets as part of parent Volkswagen’s (VW) push to overcome its emissions scandal by embracing zero-emission cars and digital services.Porsche, the No. […]
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