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For emissions control suppliers, VW diesel scandal is good news

In the "making Lemonade out of lemons" department, European makers of emissions control and catalytic systems are seeing their stock prices rise in the wake of Volkswagen's diesel emissions scandal, Reuters says. Investment bankers and money managers are touting companies such as Johnson Matthey, Faurecia, Umicore and ElringKlinger. Shares of some of those companies jumped more than 25 percent since the scandal broke last month. Despite the scandal, demand for diesel-powered vehicles is expected to continue in Europe because of the powertrain's superior fuel economy. Additionally, a new version of nitrogen-oxide testing is slated to start in 2016, while prices for platinum, which is required for catalytic systems, have dropped. All of this put together is helping to make the emissions control companies more valuable. However much they may benefit, though, VW and other diesel-vehicle makers such as Mercedes-Benz and BMW may continue to suffer. That's because governments around the world are calling for heightened diesel-emissions testing procedures that better simulate real-world driving conditions. And according to the European Automobile Manufacturers' Association (ACEA), that alone could cause costs associated with making diesel vehicles to spike and negate the fuel-economy advantages that drive demand in the first place. Regulators in VW's home country of Germany have demanded a recall of 2.4 million vehicles whose software has been programmed to under report emissions level. Such "cheating" software has been installed in as many as 11 million vehicles worldwide. VW, whose CEO resigned last month because of the scandal, has set aside $7.3 billion to address the issue. Related Videos: News Source: ReutersImage Credit: AP Photo/Markus Schreiber Green Volkswagen Emissions Diesel Vehicles vw diesel scandal

Join Autoblog editors for a full video tour of the 2019 Detroit Auto Show

The 2019 North American International Auto Show might have been a little more quiet than past years, but there were still some pretty major reveals, including the Toyota Supra, new Ford Explorer, Shelby GT500, Subaru WRX STI S209 and Kia Telluride. We also saw some lovely concepts like the Nissan IMs and Lexus LC Convertible. Senior Editor Alex Kierstein, Consumer Editor Jeremy Korzeniewski and Senior Green Editor John Beltz Snyder join me, Associate Editor Reese Counts — with Social Media Manager Michael Dylan Ferrara behind the camera — on a long walk through the show. We discuss cars, poke around the stands, dress a bloody wound and answer your questions in the Facebook comments. For more Detroit coverage, you can check out Autoblog's picks for the best in show, listen to our podcast or look at the best images from all the reveals. Finally, don't forget to watch Editor-in-Chief Greg Migliore hand over our 2019 Technology of the Year award. Related Video: Green Detroit Auto Show Acura Cadillac Chevrolet Ford GM Hyundai Infiniti Kia Lexus Nissan RAM Subaru Toyota Volkswagen Truck Convertible Coupe Crossover Hatchback Minivan/Van SUV Videos Sedan facebook 2019 detroit auto show live

Auto execs surveyed say VW, BMW most likely to grow

A new survey of top global automotive executives indicates both Volkswagen and BMW are the most likely to grow their market share over the next five years.
Tax advisory firm KPMG LLP has released its 14th annual Global Automotive Executive Survey, which includes responses from over 200 executives. A total of 81 percent of respondents said they expect to see Volkswagen make gains, compared to 70 percent last year. BMW, meanwhile, saw 70 percent of those surveyed say they believe the company will increase its market share. That's a jump of 7 percentage points over last year. This is the first time in the history of the survey that BMW has claimed the second-place spot.
Meanwhile, Hyundai has seen its perceived market share potential slacken for the third year in a row. Around 61 percent of those surveyed predicted gains for Hyundai, down from 63 in 2012. Toyota also has a surprising year, but for just the opposite reason. While the manufacturer had slipped in ranking since 2011, it enjoyed the largest increase of any company in the 2013 survey, jumping to 68 percent from 44 percent last year.