German auto giant Volkswagen AG warned on Friday that it will take a surprise one-time charge of about 2.5 billion euros ($3 billion) against its third-quarter earnings, as its efforts to buy back or repair diesel-powered vehicles in North America have proven more costly than it had expected. Wall Street analysts polled
Vehicle
Hyundai Retool Sonata And Elantra To Fight Crossover Craze
Is there still life in the sedan and hatchback markets? Despite consumers’ mad rush to crossovers in the mainstream market, Hyundai thinks there are plenty of buyers looking for ‘old school’ alternatives. The Korean brand points out that the mid-size sedan market still accounts for 2.1 million units. And the company
U.S. auto sales for September to be highest in 2017
China sets target for electric car quota but delays roll-out
FILE - In this April 26, 2016, file photo, a staff member stands next to an e.Cool electric SUV by Chinese automaker Changjiang on display at the Beijing International Automotive Exhibition in Beijing. China has stepped up pressure on automakers to accelerate development of electric cars by raising the first-year
What to Look out for when Buying a Second Hand Car
Ford, Lyft will partner to deploy self-driving cars
DETROIT, USA (Reuters) - Ford Motor Co said on Wednesday it will collaborate with Lyft to deploy Ford self-driving vehicles on the ride services company’s network in large numbers by 2021. Ford and Lyft teams will begin working together to design software to allow Ford vehicles to communicate with Lyft’s smartphone
New diesel cars no better for environment than petrol cars
Excess pollution from diesel cars leads to 5,000 premature deaths a year in Europe BERLIN (Reuters) - New diesel cars do not produce less of the environmentally damaging carbon dioxide than petrol cars, a group of newspapers cited the German Transport Ministry as saying on Wednesday, in a potential further headache
Uber Sues Mobile Agency in U.S Alleges Mobile Ad Fraud
Uber Technologies Inc. has filed a lawsuit against Fetch Media Ltd., a mobile ad agency owned by ad giant Dentsu Inc., 4324 2.23% alleging the agency misrepresented the effectiveness of its mobile ads, failed to prevent ad fraud and didn’t return rebates owed to Uber. The ride-hailing company is suing Fetch for breach of contract, fraud,
Nigeria Customs impound 18 bulletproof Vehicles in Abuja
- Over 283 exotic Vehicles Impounded by the Service in the last two months Nigeria Customs Service on Tuesday said it had impounded exotic bulletproof vehicles, which were imported into the country without payment of duties. The Comptroller-General of Customs, Col. Hameed Ali (retd.), stated this while addressing journalists in Abuja on
The Dangers Of Hackable Cars
As cars go increasingly digital—and connected—cyber security experts worry that they also are becoming a lot more vulnerable Security experts paint a grim picture of what might lie ahead with a growing threat of malicious hackers accessing connected cars remotely Hackers may have a new target in their sights—one that’s just as