Author: Automotive News n Feed

Ford earnings decline; FCA targets debt; Dark forecast for EVs ; Mitsubishi sneak peek; Kia sets Niro hybrid pricing

Volkswagen Group’s compliance chief, Christine Hohmann-Dennhardt, who has quit the company, was sidelined as the automaker negotiated with U.S. authorities to resolve its emissions scandal, sources told Reuters.

Volkswagen Group’s compliance chief, Christine Hohmann-Dennhardt, who has quit the company, was sidelined as the automaker negotiated with U.S. authorities to resolve its emissions scandal, sources told Reuters.

Volkswagen Group’s compliance chief, Christine Hohmann-Dennhardt, who has quit the automaker, was sidelined as the automaker negotiated with U.S. authorities to resolve its emissions scandal, sources told Reuters.

VW Group’s compliance chief, Christine Hohmann-Dennhardt, will leave the automaker after clashing with other senior people at the automaker over her responsibilities.

After posting a fourth-quarter net loss mainly because of accounting changes, Ford finished 2016 with a $10.4 billion pre-tax profit, down slightly from record results in 2015. Ford’s fourth-quarter pre-tax profit was $2.1 billion, down $500 million.

The $10 billion question for Toyota — it’s vowed to invest that amount in the U.S. over the next five years — is whether all the roots it’s put down in America will be enough to mollify President Trump and his pledge to boost U.S.

Kia said it is drawing up a contingency plan to cope with the policies of U.S. President Donald Trump, reflecting growing wariness by Asian exporters about the prospect of U.S. protectionism.

Workers at Audi’s engine plant in Hungary stopped work in a protest over pay. The warning strike affected workers at the engine plant, but not those at the car assembly factory where A3 and TT cars are built.