Where do you end up if you’re the former CEO of a company guilty of cheating diesel emissions tests, the fallout of which wipes out billions of dollars of value from said company? Business Insider’s “The 15 biggest career crashes of 2015″ list, of course.
That, and Nissan prices the new Sentra, oil is still on a well-lubricated downhill slide, Jeep is now online in India, and more … after the break!
On Wednesday, Dehli, India banned the registration of diesel SUVs and luxury cars with larger (over 2,000 cc) engines.
That, and a judge in Australia is really confused about Volkswagen’s “defeat device,” the Federal Reserve interest rate hike and California not doing exactly what Google wants, after the jump.
Arunabh Madhur gave up a 15-year career in brand, media and digital content marketing to set up M-Taxi, the second company that has launched bike taxis in Gurgaon. “You’re our first lady customer and I will take you for this ride myself,” says Madhur, a biker himself and an enthusiastic member of a Gurgaon super bike club.
What’s faster, cheaper, and more panic-attack-inducing than a taxi, an Uber ride, or even a rickshaw? The answer is clearly a motorcycle taxi. It’s now a thing. And there are now multiple startups competing for your motorcycle-taxi business in a place where, more now than ever, the future is being built.
Volkswagen will have to recall hundreds of thousands of cars in India for cheating emissions standards, adding to Volkswagen’s worldwide woes that the automaker illegally sold with “defeat devices” designed to cheat emissions tests, Reuters reported.
More than 323,000 Audi-, Volkswagen- and Skoda-branded cars with the automaker’s EA 189 diesel engine will need to be fixed after authorities discovered in November that those cars were illegally polluting. The revelations follow similar charges made by U.S. authorities two months ago that Volkswagen and Audi cars were polluting up to 25 times more nitrogen oxide than allowed by law.
Volkswagen officials in India said cars would be recalled immediately.
Hedge fund investor Daniel Loeb has purchased a minority stake in Suzuki Motor Corp., which may mean the automaker could have a ruling on its nearly 5-year arbitration with Volkswagen, Bloomberg Business is reporting.
The unspecified investment in Suzuki by the billionaire Loeb, who is one of Japan’s wealthy business elite, could be a sign that a ruling following June’s completion of arbitration is imminent. For years, Suzuki remained “paralyzed” as the procedure slogged on.
Suzuki has a significant automotive presence in emerging markets and India.
General Motors will invest $5 billion to build a global line of cars with Shanghai-based SAIC Motors that will be sold in Brazil, China and other emerging markets, the automaker announced Tuesday.
The cars won’t be sold in the United States, according to the statement.
The global vehicles will go on sale starting in 2019 and the automaker expects the line to eventually produce roughly 2 million cars annually.
More and more automakers are looking at exotic locales to produce their wares (us Canadians can consider Mexico exotic thanks to its ice-free beaches) as they expand their brands and explore in-roads to untapped markets.
For Jeep, that means investing in a shared money-printing press with an unlikely partner: Tata, the parent company of Land Rover. FCA will put $280 million USD into joint venture Fiat India Automobiles Private Limited which, since 2007, has solely produced Fiat models.
GAADI BULA RAHI HAI? (photo courtesy: www.gaadi.com)
Hello Sanjeev, (oh dear…*facepalm*- SM)
I am writing you from India. I have a Jetta MkV 1.9 TDI with automatic transmission. It has done about 74,000 km. About a month back, I got the the brake fluid replaced as the service adviser suggested it should be replaced once every 60-70k km. After I got the car back, it felt like the brake efficiency had decreased. I was told its normal and after driving for some time it would be okay. Unfortunately, it never improved. (Read More…)
It’s not often a car company, or any group of people for the matter, will admit mistakes – particularly billion dollar mistakes. That’s why the launch of the all-new Tata GenX Nano is refreshing. Based on former CEO Ratan Tata’s dream of moving Indians who transport their entire families on scooters and motorcycles into safer – albeit, basic – four wheeled automobiles, the very fact the original 2009 Nano was the least expensive car on sale anywhere in the world proved to be an albatross around the Nano’s tiny neck. Even Indians aspiring to the middle class of a developing country, it turns out, aspire to be seen in something other than the cheapest car in the world. They’d rather buy a used Maruti Suzuki Alto 800, the hatchback that more or less defines India’s entry level car segment. In recognition of that reality, the new GenX Nano will now be positioned as an entry level hatchback to more directly compete with the Alto 800, Hyundai Eon and the newly announced Renault Kwid. (Read More…)