Auto Sector

U.S Justice Department Sues, German automaker Volkswagen, in Emissions Scandal

U.S Justice Department Sues, German automaker Volkswagen, in Emissions Scandal

On Monday, in a federal court, the Justice Department sued Volkswagen, the German automaker accusing it of installing illegal devices in close to 600,000 diesel engine systems in order to duck the emissions controls which in return increased air pollution that's harmful for the world.

Takeover Battle for Pep Boys Continues; Icahn Sweetens Offer and Bridgestone gets a New Deadline

Takeover Battle for Pep Boys Continues; Icahn Sweetens Offer and Bridgestone get

The takeover war between Bridgestone and Carl Icahn for Pep Boys surely shows their confidence in the U. S. auto-parts retailing industry. The industry has also accelerated its growth from the aging vehicle fleet on the roads of U. S.

OPEC Predicts 94% Cars on Road will Still be Powered by Oil-based Fuels in 2040

OPEC Predicts 94% Cars on Road will Still be Powered by Oil-based Fuels in 2040

People who support electric cars and alternative-energy vehicles might be upset with OPEC's prediction that ninety four percent of cars on the road will be powered by oil-based fuels even in 2040.

VW Hires Kenneth Feinberg for Independent Claims Program

VW Hires Kenneth Feinberg for Independent Claims Program

On Thursday, Volkswagen of America said that it is creating a program for independent claims for those owners of diesel vehicles numbering close to 600,000, which emit till forty times of the lawfully permissible emission level.

New U.A.W. Contracts with Ford and GM One of the Best in More than a Decade

New U.A.W. Contracts with Ford and GM One of the Best in More than a Decade

Last week union contracts were ultimately ratified at Ford Motor and General Motors marking the beginning of a new era in the U.S auto industry.

The three Detroit automakers culminated labor talks with the workers union and were among the most generous in about a decade or more. It represented a significant shift from many years of stagnant wages and cuts.

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