Category: Motoring

Ford Motor co-chief executive Jim Hackett told employees late on Thursday the No. 2 U.S. automaker would not accept last year’s “mediocre” results and said the company was aiming to nearly double its annual operating profit. Hackett made his comments in an email to employees that was seen by Reuters. Ford is restructuring its global operations, […]

An Air New Zealand flight had such bad turbulence that the airline is refunding passengers. The hour-long hop from Christchurch to Invercargill was rocked by extreme winds for all but 10 minutes of the journey, according to passenger Owen Scott. He told Stuff that around 20 percent of those onboard were vomiting; describing it as the worst flight he had ever […]

Volkswagen’s premium brand Audi wants to cut costs by €15bn  by 2022, Germany’s Manager Magazin business monthly reported, citing Audi executives. The cost cuts would help finance projects such as a shift to electromobility at Audi, the magazine said. A spokeswoman for Audi said cost-cutting plans had not yet been finalised, but that the scale of cuts […]

TOKYO (Reuters) – Subaru Corp on Friday said it did not pay overtime wages over a two-year period to some 3,400 employees who under-reported their hours, a revelation that surfaced in an internal probe following the 2016 suicide of an overworked employee. The Japanese automaker, known for its Legacy and Forester cars, said the outstanding […]

Subaru said its sole car factory in Japan, accounting for roughly 60 percent of global production, could be out of action for almost two weeks after it discovered a suspected defect in a power-steering component. Shares in Japan’s sixth-largest automaker fell nearly 7 percent at one point before recovering some ground after the company announced […]

The South Korean car maker has developed an airbag system that offers additional protection in multiple-impact accidents, where an initial collision is followed by secondary impacts with other objects such as trees and electricity posts etc. The new cutting-edge airbag technology has been developed to reduce the risk of driver and passenger injuries from multi-collisions. Unlike […]

A Tokyo court has rejected former Nissan chairman Carlos Ghosn’s latest request for bail, more than two months after his arrest, prolonging a detention that has drawn international scrutiny of Japan’s justice system. The decision by the Tokyo District Court came a day after Ghosn promised to wear an electronic monitoring ankle bracelet, give up […]

Jailed auto executive Carlos Ghosn is facing a new round of allegations of financial misconduct. Nissan (NSANY) and Mitsubishi Motors (MMTOF) said Friday that Ghosn, their former chairman, improperly received €7.8 million ($8.9 million) in compensation and other payments from a joint venture between the two carmakers. The companies said a joint investigation found that […]

At BM Multimarcas, a used-car dealer on the outskirts of Sao Paulo, owner Santel de Abreu Bernardo can show you jalopies that most big banks would not touch. There is a faded blue 2003 Renault hatchback with 195,000 kilometers on the dial. And a Volkswagen Gol Turbo so old that it could vote. But when […]

Many South African motorists who are feeling the burden of inflation, soaring fuel prices, the recent repo rate hike and last year’s VAT increase are now considering moving into more cost-effective cars. A simple switch from an expensive gas guzzler to an affordable runabout might seem like a wise move, but the transition alone can […]