Prosecutor: ‘What happened this we ek is a result of our own efforts primarily’
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.
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.
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.
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.
Following a global sales record in 2015, Volvo plans to sell 1 million electrified cars by 2025, the company said today.
“It is a deliberately ambitious target,” Volvo CEO Hakan Samuelsson said in a statement. “It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.”
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.
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.