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Three German automakers recall 2.5M vehicles in US over defective Takata airbags

Three German automakers recall 2.5M vehicles in US over defective Takata airbags

This week, three bigwig German automakers -- Volkswagen (VW), BMW, and Daimler AG - said that they are issuing a recall of a total of 2.5 million vehicles in the US. The reason behind the latest recall of vehicles by the three automakers is defective airbags manufactured by beleaguered Japanese automotive parts supplier Takata Corp.

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FCA’s Jeep-centric Super Bowl 50 ad - ‘Portraits’ - bags Super Clio prize

FCA’s Jeep-centric Super Bowl 50 ad - ‘Portraits’ - bags Super Clio prize

Bigwig automaker Fiat Chrysler Automobile's magnificent Jeep-focused commercial -- titled 'Portraits' -- for Super Bowl 50 was named the best commercial to run during the Big Game.

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Volkswagen to Recall 1,950 Diesel Vehicles in China

Volkswagen to Recall 1,950 Diesel Vehicles in China

German carmaker Volkswagen AG announced that it will recall 1,950 diesel vehicles in China that were affected in the emission scandal that has hit the company recently. The company will correct the defeat device software that allowed its vehicles to cheat on emissions tests.

Volkswagen on Monday said in a statement that the recall will be applied to 1,946 Tiguan sport utility vehicles and four Passat B6 sedans equipped with the four-cylinder Type EA 189 diesel engine.

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Erik Buell Racing Files for Bankruptcy Protection from Creditors

Erik Buell Racing Files for Bankruptcy Protection from Creditors

The US motorcycle maker, Erik Buell Racing, filed for bankruptcy protection from creditors. Hero MotoCorp had stake in the US-based company.

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Mercedes-Benz F 015 a Package of Luxury, Comfort and Technology

Mercedes-Benz F 015 a Package of Luxury, Comfort and Technology

Mercedes-Benz, the German luxury automobile manufacturer, has always kept its promise of providing its customers with the best luxury experience. This time the company has come up with new futuristic, technology driven car, the Mercedes-Benz F 015.

The new luxury car from the German auto maker is a self-driving car, which provides its buyers with a complete luxury ride without the risk of driving in high traffic.

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General Motors to unveil ‘Teen Driver system’ on 2016 Chevrolet Malibu

General Motors to unveil ‘Teen Driver system’ on 2016 Chevrolet Malibu

General Motors will unveil its 2016 Chevrolet Malibu in early April at the New York International Auto Show. According to the auto major headquartered in Detroit, the new car is for those parents who are worried about handing over the car keys to their teens.

The company announced on Friday that the car will have a new Teen Driver system, which will allow parents to keep an eye on their children while driving. The system will give parents a report card of their teen's trip.

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Tesla and SolarCity face selloff after lower than expected quarterly numbers

Elon Musk

Tesla, the electric car maker, and solar panel installer SolarCity have put up a bad performance in the stock market during the past six months. During the recent earnings call of Tesla Motors, Elon Musk announced that the company is aiming to increase its capacity over the next five years to meet the higher consumer demand for its electric vehicles.

Both the companies to which Elon Musk is connected to, are lagging in the recent financials. These companies for years were very popular among investors, but now are raising several questions in their minds.

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Lyft in Talks with New and Existing Investors to raise $250 Million

Lyft in Talks with New and Existing Investors to raise $250 Million

Ridesharing company Lyft is in advanced discussions with new and existing investors in order to raise $250 million of financing, said people with knowledge of the situation. Back in 2102, Lyft was found by John Zimmer and Logan Green and operates in over 60 US cities.

According to one of the people, who asked not to be named as the talks are private, the financing round is valuing Lyft at $2 billion. The company has secured part of the financing. The deal has not closed and possibly the terms can change, said another person familiar with the situation.

General Motors’ Ignition Switch Compensation Program gets More than 4,100 Claims

General Motors’ Ignition Switch Compensation Program gets More than 4,100 Claims

The number of claims about General Motors Co's ignition switch has been surging. The compensation program reported a surge in claims in its final days. According to reports, more than 1,100 submissions were added in the final week. The new submissions have brought the total more than 4,100, including more than 450 death claims.

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Nissan, Ford recall cars

Nissan, Ford recall cars

Japanese automobile manufacturer Nissan Motor Co., headquartered in Nishi-ku, Yokohama, Japan, said it will recall nearly 768,000 vehicles worldwide in two different actions for fixing a fire risk and hood that could open during driving.

According to Nissan and its filing on the National Highway Traffic Safety Administration website, the company will call back 552,135 Rogue sport utility vehicles worldwide as a mixture of snow or water and salt may seep through the carpet on the driver side floor and cause an electrical short.

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