angeles-auto
U.S. judge delays court hearing on Volkswagen 3.0-liter diesels
November 30, 2016 by admin · Leave a Comment
U.S. District Judge Charles Breyer on Tuesday delayed a court hearing set for Wednesday on Volkswagen AG's plan to address 80,000 polluting Audi, Porsche and VW 3.0-liter vehicles. Reuters reported on Nov. 15 that VW had reached an agreement with U.S. regulators for a mix of buybacks and fixes for the 80,000 vehicles, but still needed to reach agreement on other issues including compensation for owners. The agreement includes a buyback offer for about 20,000 older Audi and VW SUVs and a software fix for 60,000 newer Porsche, Audi and VW …
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U.S. judge delays court hearing on Volkswagen 3.0-liter diesels
angeles-auto
U.S. probes hit defunct energy co linked to Platinum Partners
November 30, 2016 by publisher · Leave a Comment
At least four U.S. agencies are investigating former officials of a now-bankrupt oil and gas company once majority owned by troubled hedge fund manager Platinum Partners, according to a legal filing submitted …
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U.S. probes hit defunct energy co linked to Platinum Partners
angeles-auto
Ford takes Fiesta upmarket to lift profitability
November 30, 2016 by elegant · Leave a Comment
Ford wants to raise profitability in Europe by adding higher-margin versions of the Fiesta subcompact, its best-selling regional model, the carmaker's top European executive said. High-volume carmakers such as Ford have for several years been squeezed in a downmarket expansion by luxury rivals including Daimler'…
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Ford takes Fiesta upmarket to lift profitability