U.S. approves 2016 BMW diesel X5 for sale after EPA reviewAuto News

The EPA and California Air Resources Board approved the sale of the new 2016 BMW diesel X5 after government testing found no evidence of software to evade emissions standards.

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Ford to invest $4.5 billion in EVs, plug-in hybridsAuto News

Ford said it's investing $4.5 billion in electrified vehicles, betting on technologies that have struggled to attract buyers in the U.S. as fuel prices stay low.

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Ford randd chief says automaker wants to develop ride hailing servicesAuto News

Ford wants to develop ride hailing services that could compete with existing players such as Uber or Lyft, the company's head of research said today.

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'Chain of Mistakes' at VW (12/10/15)

‘Chain of mistakes’ at VW; FCA to pay feds $70 million; No-show? No problem; Bi-fuel...
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Icahn's bid for Pep Boys would boost aftermarket business, but not Federal-Mogul, experts say Auto News

If financier Carl Icahn acquires Pep Boys for $863 million, it will give a big boost to his aftermarket retail chain Auto Plus, but not so much for another Icahn asset, Federal-Mogul Holdings.

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VW discloses origin of diesel deception: Meeting U.S. NOx rules was 'impossible'Auto News

VW said today that engineers installed illegal emissions software in 2.0-liter diesels sold in the U.S. after finding it 'impossible' to meet tough U.S. limits on nitrogen oxide emissions legally.

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Porsche Boxster and Cayman, with smaller turbo engines, to carry '718' nameAuto News

Two popular Porsche sports cars, the six-cylinder Boxster and Cayman, will be getting downsized four-cylinder turbo engines. And, starting next year, they'll be marketed as the 718 Boxster and 718 Cayman.

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Fiat Chrysler fined $70 million by U.S. for failure to report safety dataAuto News

Fiat Chrysler said today it will pay a $70 million fine for failing to report claims of death and injury to U.S. safety regulators.

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GM buys wind power from EDP to build its biggest SUVsAuto News

General Motors said it is buying wind energy to power production of some its biggest SUVs at a factory in Texas.

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Visteon to return $1.75 billion to shareholders, buy back $500 million in stockAuto News

Automotive electronics supplier Visteon today announced a $1.75 billion special cash distribution to shareholders and a stock buyback program of up to $500 million.

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Dow, DuPont mega-merger would mostly clear antitrust review, experts sayAuto News

The $130 billion proposed tie-up between Dow and DuPont, though it would turn the two biggest American chemical producers into one industry behemoth, should still be able to clear a U.S.

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GM fund approves $594.5 million in ignition claimsAuto News

General Motors' independent fund set up to compensate victims of accidents involving faulty ignition switches said it awarded $594.5 million and approved 399 death and injury claims.

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