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Thanks to VW, BMW's 2017 diesels will be delayed

BMW confirmed Monday that US sales for its model-year 2017 diesel vehicles will be delayed because US regulators are taking longer than expected to certify the models. Bimmer, which sells diesel-powered 3-Series, 5-Series, X3, and X5 vehicles in the US, didn't give a timetable of when such domestic sales would start. Autoguide had previously reported of the potential delay for sales of US diesels, which account for about six percent of BMW's total sales in the US. "The product certification of all MY2017 BMW diesel models (328d Sedan, 328d Sports Wagon, X3 xDrive28d, X5 xDrive35d) has been delayed due to testing logistics," BMW spokeswoman Rebecca Kiehne wrote in an e-mail to Autoblog. "As a result, production of these models will commence once homologation has been finalized." US regulators appear to be taking a more deliberate approach to certifying diesel vehicles in the wake of the Volkswagen diesel-emissions scandal, which broke last September. Late last month, VW reached a settlement with US regulators that will cost the German automaker about $15 billion. With about a half-million impacted VW vehicles on US roads, the company will repurchase cars, end leases early, maybe fix some vehicles, and improve zero-emission vehicle technologies. Additionally, last week, VW reportedly told US dealers that they'd be compensated an undisclosed amount for their troubles. Some 2016 BMW diesel models were already subject to more stringent US testing procedures because of the VW situation. The BMW X5 xDrive35d was among the models that underwent more rigorous testing from the US Environmental Protection Agency (EPA) late last year. Other diesel models that received the additional scrutiny included General Motors' 2016 Chevrolet Colorado and GMC Canyon. Related Video:

VW walks away from Aurora after self-driving startup partners with FCA

BERLIN — Volkswagen has ended its partnership with self-driving car software firm Aurora, two days after the Silicon Valley start-up said it would build autonomous platforms for commercial vehicles with Fiat Chrysler Automobiles. "The activities under our partnership have been concluded," a VW spokesman said in a statement on Tuesday following an earlier Financial Times report on the move which said VW now wanted to work with Ford Motor Co on autonomous driving. Ford's majority-owned subsidiary Argo AI is building an automated "driver" that could compete with Aurora's technology. Aurora said Tuesday "Volkswagen Group has been a wonderful partner to Aurora since the early days of development of the Aurora Driver." The company's statement added that it continues to work "with a growing array of partners." The autonomous vehicle industry is still in its infancy, and alliances and strategies are fluid. Aurora has sought to remain independent and serve a number of would-be autonomous vehicle makers rather than be acquired. Aurora, which said in February it had raised $530 million in new funding, also has partnerships with Hyundai Motor Co and China's Byton to develop and test self-driving systems for automakers, fleet owners and others. After announcing its partnership with Aurora in early 2018, VW last June began discussions with Ford to develop a range of commercial vehicles, later extending the discussions to include electric vehicles and Argo's autonomous driving technology as part of an alliance designed to save billions in costs. VW and Ford have not announced partnerships involving electric or autonomous vehicle technology. Green Chrysler Fiat Ford Volkswagen Technology Emerging Technologies Autonomous Vehicles

Volkswagen posts quarterly profit despite drop in sales

Volkswagen returned to profit in the third quarter as surging Chinese demand for luxury cars helped offset a 1.1% drop in vehicle deliveries due to the pandemic, sending its shares as much as 3% higher on Thursday. The German automaker's return to the black comes amid spiking coronavirus cases in Europe that led governments in France and Germany to order their countries back into strict national lockdowns on Wednesday. "The coronavirus remains a central problem," Volkswagen Chief Financial Officer Frank Witter said in a conference call with reporters. "This situation now is anything but relaxed." But Witter said the group expected the economic recovery to continue and did "not anticipate any nationwide lockdowns in larger markets." Witter said the takeover of U.S. truck maker Navistar International by Volkswagen's trucking unit Traton was an important acquisition, but the "current economic climate will not make this easy." Volkswagen reiterated it expects to post a profit for the full year, saying its business "recovered noticeably" in the third quarter as sales in China of premium vehicles, including Audi and Porsche sports cars, rose 3%. The quarterly performance was also aided by a series of cost-cutting measures launched earlier this year. Volkswagen said its net liquidity rose to 24.8 billion euros from 18.7 billion at the end of the second quarter. Excluding one-time items, third-quarter operating profit was 3.2 billion euros ($3.8 billion), down from 4.8 billion euros a year earlier, but up from a second quarter loss of 1.7 billion. In a note to clients, Jefferies analyst Philippe Houchois described the results as a "solid performance with strong cash, but relatively muted in the context of the (auto) sector recovery." Last week, German rival Daimler reported a record 24% jump in Chinese demand for its Mercedes-Benz cars, boosting its margins in the third quarter. Italian-American Fiat Chrysler Automobiles and Peugeot manufacturer PSA Group both also posted solid results this week. Witter said Volkswagen could not say for sure whether it would meet EU CO2 emissions targets this year, adding "it will be a tough race." At 1030 GMT, Volkswagen shares were up 2.9% at 129.20 euros. Related Video: Earnings/Financials Audi Bentley Bugatti Lamborghini Porsche Volkswagen