Archive for the ‘Diesel’ Category

Better Late than Never, Mazda Gets into Diesel Game with CX-5 Skyactiv-D

High-torque engine is five years behind schedule.

by on Apr.17, 2019

Mazda finally put a diesel in to one of its products: the 2019 CX-5 crossover.

Nearly five years after Mazda originally planned to launch its SkyActiv-D powertrain, the Japanese automaker is finally ready to make its first diesel engine a reality.

It pulled the wraps off the new powertrain at the New York International Auto Show on Wednesday, the oil-burner getting its first American application under the hood of the familiar Mazda CX-5 crossover. The diesel joins a growing mix of Mazda engine alternatives that just a year ago saw the launch of the breakthrough homogeneous-charged SkyActiv-X technology.

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“As Mazda continues our climb toward premium, we will offer more powertrain choices that premium customers expect,” said Jeffery Guyton, the newly appointed president of Mazda North American Operations. “I am happy to share that Mazda’s SkyActiv-D 2.2-liter diesel engine is joining the U.S. powertrain line-up with our debut model, the 2019 CX-5 Signature AWD with SkyActiv-D.” (more…)

German Prosecutors Charger Former VW CEO Winterkorn with Fraud

Lawyers charge four other executives as well.

by on Apr.15, 2019

Former VW CEO Martin Winterkorn was charged by German prosecutors with fraud related to the diesel emissions scandal.

Former Volkswagen CEO Martin Winterkorn was charged with fraud on Monday by German prosecutors for his role in the automaker’s diesel emissions testing scandal. The scandal came to light in 2015.

“Former Chief Executive Dr. Martin Winterkorn is being charged with a particularly serious case of fraud, a violation of the law against unfair competition and breach of fiduciary trust,” the prosecutors’ office said in a statement.

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Prosecutors also said that Winterkorn and four other managers faced charges, but did not give the names of the other four or say whether they were still employed by Volkswagen. Winterkorn’s lawyer, Felix Doerr, declined to comment, saying he had not seen all of the paperwork, according to Reuters. (more…)

Geely Gets Smart with Daimler

Automakers form 50-50 venture to produce electric smarts.

by on Mar.29, 2019

Daimler and Geely executives celebrate the signing of their new deal.

Just as Daimler AG’s Smart division appeared to be on the outs with the support of Ola Kallenius, the incoming chairman and CEO, the company’s largest shareholder, Geely, swooped in and saved the oft-near death quirky brand.

In recent weeks, its been reported – including by bingdb.info – when current Daimler CEO Dieter Zetsche retires shortly, the primary supporter of the Smart brand would no longer be around to protect the underwhelming product line and soon-to-be-top-dog Kallenius, who isn’t a fan, was ready to kill the vehicle.

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However, the company’s top shareholder, Chinese automaker Geely Motors, which bought a nearly 10% stake last year, jumped in at the last minute to save Smart by forming a new 50-50 joint venture between the two companies to produce the tiny EV in China. (more…)

SEC Suing VW, former CEO, for ”Massive Fraud” in Emissions Cheating Scandal

Lawsuit "legally and factually flawed," the automaker responds.

by on Mar.15, 2019

Former VW CEO Martin Winterkorn faces legal problems in Germany, as well as the U.S.

Volkswagen’s ongoing efforts to end a scandal triggered by its cheating on diesel emissions testing just took a turn for the worse, the Securities and Exchange Commission accusing both the automaker and former CEO Martin Winterkorn of committing a “massive fraud” on U.S. investors.

The automaker has acknowledged it used “defeat devices” to rig its diesel engines to illegally pass emissions tests and has so far laid out over $30 billion in fines and settlements. It is still facing other legal headaches, including a separate lawsuit by investors and ongoing investigations in Europe, one resulting in the arrest and jailing of the former CEO of its Audi subsidiary. But it responded to the latest challenge by declaring the SEC lawsuit “legally and factually flawed.”

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The SEC lawsuit, filed in San Francisco, claims the automaker and former CEO Winterkorn concealed the depth of the scandal – and the potential penalties – from both investors and federal regulators. The Thursday complaint noted that in the year before the cheating was discovered and publicized by the EPA Volkswagen issued $13 billion in bonds and securities in the U.S. Those value of those financial devices were directly impacted once the carmaker’s subterfuge was revealed.

(more…)

Fiat Chrysler Eyes Extending Diesel Run in Europe

CEO Manley says consumer demand will determine final decision.

by on Mar.13, 2019

FCA CEO Mike Manley said the company may rethink its diesel plans in Europe if demand is strong.

Fiat Chrysler Automobiles N.V. could wind up backtracking on the company’s earlier pledge to eliminate diesel from its passenger cars in Europe by 2022.

In a conversation on the sidelines of the Geneva Motor Show, FCA CEO Mike Manley indicated that the company could reconsider its decision to eliminate diesel engines from its passenger car models if public demand for the vehicles remains strong.

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“We don’t want to say we got rid of diesel, and by the way, it also came with a 15%, 20%, 30% drop in our sales,” Manley said. (more…)

VW Expects to Sell 22 Million EVs Over Next Decade

CEO’s new target marks a 50% jump.

by on Mar.12, 2019

VW CEO Herbert Diess is shown here with the I.D. Crozz and Buzz concept vehicles.

Germany’s Volkswagen AG expects to sell 22 million battery-electric vehicles over the next decade, CEO Herbert Diess said during the company’s annual meeting on Tuesday.

The carmaker has been on an aggressive push into electrification and has outlined projects expected to cost it close to $100 billion by 2025 alone. But, until today, Diess had set a target of selling just 15 million battery-cars. Either figure would mark a massive increase considering VW sold just 50,000 all-electric vehicles last year.

Electrification News!

“The supertanker is picking up speed,” Diess said Tuesday in a speech to shareholders gathered in Frankfurt. “We are aligning Volkswagen with e-mobility like no other company in our industry.”

(more…)

Live From Geneva!

Concepts, shooting brakes, super cars: Show's got it all!

by on Mar.05, 2019

The 89th edition of the Geneva International Motor Show is now in its second day. Thousands of journalists, executives and other industry types at the Palexpo are examining many of the new introductions; however, there is still a slate of debuts to go with more EVs, shooting brakes and sports cars.

This year is no different as the show expects to show more than 900 vehicles, including a slew of new vehicle debuts that include products ready for the market and some concepts that are still a little ways off. TheDetroitBureau, as usual, is your home for all fo the news from the show, combing for the latest items and other breaking news from the show floor. Since the pace is fast and furious, check back often for new stories! (more…)

Mercedes Saturates Geneva Motor Show with Debuts

German automaker flooding floor with debuts.

by on Feb.25, 2019

Mercedes-Benz will show off at least five new vehicles at the Geneva Motor Show this year.

While many of the world’s auto shows are struggling to keep long-time exhibitors at their events, it appears Mercedes-Benz – which didn’t participate in this year’s NAIAS – will ensure the Geneva Motor Show keeps at least one automaker on the show floor.

At the 89th Geneva Motor Show, the company will present the new CLA Shooting Brake and, for the first time, the Concept EQV and the facelifted Mercedes-Benz GLC. In addition, Mercedes will take the covers off its Formula E showcar, the smart forease+ and the new V-Class.

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The big product story is the world premiere of the CLA Shooting Brake. It’s a “design counterpart” to the CLA Coupé. The shooting break’s exterior borrows from the coupe’s contoured and muscular rear haunches for its rear storage space.  (more…)

Live From Detroit!

This year's event has some of everything.

by on Jan.14, 2019

This year’s media preview of the North American International Auto Show may be wrapping up, but it had some intriguing — and occasionally surprising — debuts, including a flying car. Check out  complete coverage of the 30th anniversary NAIAS on bingdb.info. (more…)

Jaguar Land Rover Cutting 4,500 Jobs in Europe

Brexit, dying diesel sales and slow sales in China driving cuts.

by on Jan.11, 2019

Jaguar Land Rover CEO Ralf Speth said the company was facing struggles due to Brexit and other industry issues around the globe.

Jaguar Land Rover is preparing to eliminate about 4,500 jobs worldwide as it responds to the decline of demand for diesels, the slowdown in the sales of new vehicles in China and the drag on sales created by Great Britain’s withdrawal from the European Union, known as Brexit.

While Jaguar Land Rover enjoyed a good year in the U.S. with sales rising 7%, the company, which is the United Kingdom’s largest automaker representing roughly 10% the company’s workforce, is implementing a plan to reduce costs by $3.2 billion.

Global News!

The effort was announced last year as part of a series of moves toboost cash flow through 2020. JLR already eliminated 1,500 jobs in 2018, the company said Thursday in a statement. (more…)

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