337 Edition Coupe 1.8l Cd Turbocharged Traction Control Front Wheel Drive Abs on 2040-cars

Auto blog

VW's credit ratings could take a beating

In addition to a significant drop in its share price already, Volkswagen's diesel emissions scandal is continuing to have major financial repercussions on the German automaker. According to The Detroit News, credit rating agencies like Standard & Poor's and Moody's changed their forecasts on the company to negative, and Fitch has considered doing so, as well. Volkswagen appears to have the money to cover the costs of this ordeal, but the agencies question the effect that this has in the long term. "Moody's concern, however, is that Volkswagen's alleged breach of US environment rules and, especially, the process by which that breach occurred, will have an adverse effect on its reputation and credibility within the global passenger car markets," the company wrote in a note to investors, according to The Detroit News. VW has initially set aside $7.25 billion to fix things, but the potential shakeup of top executives has caused some investor uncertainty, too. The actual costs for VW to deal with this scandal are still unknown. In the US, the Department of Justice has begun a criminal investigation, and with other automakers the government has settled for $900 million against General Motors and $1.2 billion against Toyota. Attorneys general in 29 states have started looking deeper, according to The Detroit News, and regulators in Europe, South Korea, and Canada have commenced their own probes, as well. Related Video:

Submit your questions for Autoblog Podcast #366 LIVE!

We're set to record Autoblog Podcast #366 tonight, and you can check out the topics below, drop us your questions and comments via our Q&A module, and don't forget to subscribe to the Autoblog Podcast in iTunes if you haven't already done so. To take it all in live, tune in to our UStream (audio only) channel at 10:00 PM Eastern tonight.
Discussion Topics for Autoblog Podcast Episode #366
2015 Lincoln Navigator

Seat Leon Sport Cross concept leaks before Frankfurt debut

Seat's big Frankfurt Motor Show debut has been teased/leaked ahead of its official debut. The teasers are, of course, directly from Seat and show the new Leon Cross Sport Concept in a pair of sketches. You can check those out below. The leaked stuff, available up top, is far juicier, though. The shots originally came from AutoForum.cz, Auto Express reports, and look to be stock images of the three-door hatchback. In short, it looks like a Seat Leon, which is to say the MQB-based Spaniard is a more attractive Volkswagen Golf. In concept form, though, this new Leon is something of an anomaly. It wears the steroidal sheetmetal of the high-performance Cupra, especially with the large wheels and prominent quad exhausts, but its boosted ride gives it much more of a soft-roader character. Think of this, then, as a high-riding Golf GTI. It'll be a lot more potent than the beloved hot hatch, though. According to Auto Express, the Leon Cross Sport will use the Golf R's 296-horsepower, turbocharged four-cylinder engine and Haldex all-wheel-drive system. That should mean that there'll be some very real off-road performance behind the soft-roader looks. We'll have much more on the Cross Sport Concept when it makes its debut at Volkswagen's huge Group Night event later today. Stay tuned.