Business Dec 22, 2018
VW official says diesel scandal cleanup will cost it €5.5 billion this year and €2 billion in 2019
Volkswagen's cleanup of a diesel cheating scandal will cost it €5.5 billion ($6.25 billion) in 2018 and around €2 billion in 2019, Chief Financial Officer Frank Witter told German weekly Boersen-Zeitung. Since 2015, the German car-making group has paid more than €27 billion to settle ...
Business / Corporate May 7, 2018
Nissan Motor Co. has decided to exit the diesel-powered vehicle market in Europe, according to sources. The Japanese automaker made the decision in light of strict environmental regulations in Europe, and aims to focus its resources on the development of electric vehicles, the sources said ...
Business / Corporate Nov 28, 2017
Japan's Hino to develop lower-emissions engine with Indian partner
Hino Motors Ltd. has agreed to develop an advanced lower-emission diesel engine with an Indian company while utilizing the partner's parts procurement capability. Hino, a Toyota Motor Corp. subsidiary that produces trucks, buses and other commercial vehicles, will provide Ashok Leyland Ltd. with engine technology ...
Business Aug 25, 2017
Egyptian students produce fuel from used tires, seek investors
Egyptian students have built a machine they say can produce fuel from worn-out vehicle tires, after big rises in energy prices as part of recent economic reforms. The device heats the tires until they reach evaporation point. The vapor then enters a condenser. The product is ...
Business / Corporate Jul 29, 2017
German court rules in favor of diesel ban in Mercedes' hometown as fallout over VW scandal continues
German carmakers, fighting for a future for diesel technology in Europe, faced a setback after a Stuttgart court ruled in favor of a complaint seeking to ban all diesel cars from entering the home city of Mercedes-Benz and Porsche. Diesel driving bans would be an ...
Business / Corporate Dec 29, 2016
Toyota hybrid bet pays off as emissions scandal ignites demand in Europe
by Craig Trudell
For years, Toyota Motor Corp. focused on pushing its hybrid models in Europe, avoiding a diesel-for-diesel competition with market leaders including Volkswagen AG. The carmaker's strategy is finally paying off. In the first full year since Volkswagen's emissions scandal threw the German giant into disarray, ...
Business / Tech Aug 15, 2016
Nissan says new VC-T gasoline engine could make diesels obsolete
by Norihiko Shirouzu
Nissan Motor Co. has come up with a new type of gasoline engine that it says may make some advanced diesel engines obsolete. The new engine uses variable compression technology, which Nissan engineers say allows it at any given moment to choose an optimal compression ...
Style & Design | ON: FASHION Apr 9, 2016
New places to shop and an all-inclusive way to approach fashion
by Misha Janette and Samuel Thomas
Diesel adds to the family They say Italians like big, extended families, making the Italian brand Diesel's new additions to its family of stores very apt. And it's twins! Diesel has opened a brand new store in Aoyama and next to it is another new one for ...
Business Nov 24, 2015
Volkswagen AG said it has approval to repair most of its rigged European diesel engines and made a deal with U.S. regulators to resubmit questionable software for review in 85,000 other vehicles, signs of progress in its effort to overcome the two-month-old emissions crisis. German ...
Business / Corporate Oct 28, 2015
Volkswagen CEO apologizes for emissions scandal at Tokyo auto show
Volkswagen's new chief executive Herbert Diess apologized at the Tokyo auto show Wednesday for the automaker's emissions-cheating scandal, promising to win back customer trust, and said it will delay the launch of a diesel vehicle in Japan. The head of VW's Japan division, Sven Stein, ...
Business / Corporate Oct 23, 2015
Thirty-six diesel cars under Volkswagen group brands imported privately to Japan have software that can cheat on emissions tests, the transport ministry said Friday. It is the first time the so-called "defeat device" software has been found on the German automaker's vehicles in Japan. The ...