Cadillac targets 11% operating margin in 10 years

Cadillac is targeting an 11 percent operating margin in 10 years, brand President Johan de Nysschen said today in an interview with Reuters, laying out a timeline for the long-term turnaround.

“We’ve got about a 10-year runway to get this brand to where it is making the kind of overall contributions to General Motors profitability that Mary [GM CEO Mary Barra] expects from it,” he said at the Beijing auto show.

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Can racing put driverless technology on fast track?

With the rise of digital e-sports, elite video gamers draw millions of viewers to online broadcasts and armchair pilots race drones through obstacle courses. Now there is a movement to turn driverless car racing into the next big thing.

Kinetik, a London investment fund led by Russian entrepreneur Denis Sverdlov, grabbed attention for that idea this month by releasing a rendering of a lime-green prototype resembling a Formula One car, but without room for a driver.

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German automakers to recall 630,000 diesel cars to fix emissions

Volkswagen, Opel, Audi, Mercedes-Benz and Porsche will recall 630,000 vehicles to fix diesel emissions management software, a German government official said, widening a clampdown on air pollution in the wake of the Volkswagen scandal.

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The German government ordered tests on a broad range of vehicles as part of an investigation into high levels of health-threatening NOx emissions in diesel cars. It found that only VW had installed illegal manipulation software to cheat official tests.

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VW’s ‘defeat device’ software developed at Audi in 1999, report says

German carmaker Audi created so-called defeat devices which cut emissions in 1999, years before parent company Volkswagen used them to cheat diesel emissions tests, German newspaper Handelsblatt reported today.

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VW, Europe’s largest automaker, admitted in September it had manipulated the engines of around 11 million diesel cars, including its VW, Audi, Porsche, Skoda and Seat brands.

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