Europe's biggest carmaker faces the worst business crisis in its 78-year history after it admitted cheating diesel emissions tests in the United States, with 11 million vehicles affected worldwide.
The announcement came after Volkswagen Australia met with the Australian government and consumer authorities on Friday to discuss the automakers' plans to deal with the issue.
Wolfram Herrle, chief prosecutor in Audi's hometown of Ingolstadt in southern Germany, was quoted as telling the Funke Media group that a preliminary investigation had been launched to see whether to initiate formal proceedings against the company.
The demand slowdown in China and continuing capital expenditure at Jaguar Land Rover Automotive (JLR) will result in negative free operating cash flows and weaker financial ratios for Tata Motors in fiscal 2016 than we previously expected, says Standard & Poor's
The German company also suspended three top engineers as it tried to get to grips with a scandal which has knocked more than a third off its market value, threatens to rock the global car industry and could damage Germany's economy.
Some 1.42 million Audi vehicles with so-called EU5 engines are affected in Western Europe, with 577,000 in Germany and almost 13,000 in the United States, a spokesman for Ingolstadt-based Audi said on Monday.
In India, the company sells a range of models, including premium hatchback Polo, mid-sized sedan Vento and executive sedan Jetta. Another group firm Audi too sells a range of models here.
"The new Audi A6 Matrix, the new Audi A6 35 TFSI takes our success in the executive sedan segment a notch higher. The new 1.8 L turbocharged engine which is 200cc smaller than the outgoing engine offers a unique combination of power and also efficiency at the same time," Audi India Head Joe King said.
The updated version, Audi A6 Matrix, comes with a new engine comprising seven-speed S-tronic transmission, Matrix LED headlights and an advanced infotainment system.
A consortium of German premium carmakers has agreed a deal to buy Nokia's mapping business HERE, two people familiar with the matter said on Sunday, in a push to extend the reach of automakers into digital services for connected cars.
"We have grown quite a bit last year and want to continue that growth. We grew 30 percent and sold 1,200 units," said Volvo Auto India managing director Tom von Bonsdorff while inaugurating the company's first dealership in the city on Friday.
German carmaker Mercedes-Benz on Thursday launched three ultra luxury vehicles -- S500 Coupe, S63 AMG Coupe and SUV G63 AMG 'Crazy Colour' edition -- priced between Rs 2 crore and Rs 2.60 crore (ex-showroom Delhi).
Shares of General Motors and Ford are down a respective 12 and 5 percent this year, and at least one analyst says there's a simple reason why: China is stuck in an economic downturn.
"Economy in India is prosperous now. I hope it will boost sales for premium car market also. This year we have set a target of double digit growth in India in terms of sales", Volvo Auto India, Managing Director, Tom Von Bonsdorff told reporters.
Watch accompanying video to take a look at the new leaner, meaner second gen Audi Q7.
Mercedes-Benz, which became the country's leading luxury carmaker in the first quarter, looks to retain the top slot through the rest of the year as it hopes to continue 40 percent sales growth.
Our job as motoring journalists is not only about driving cars. We also get to go behind the scene, see how a car is manufactured or see what happens in a design studio or even experience the technology being developed. But what I would also like to be a part of is a product planning meet.
The company, which had last month announced to launch five products in five months, said its latest super sports car can accelerate from 0 to 100 km in just 3.9 seconds with a top speed of 305 km/hr.
With Audi and Mercedes-Benz posting double digit growth and record sales, BMW India says that its focus has moved away from short term sales goals, to more long term strategies like increasing localization.
Ride-hailing service Uber has submitted a bid for Nokia Oyj's map business, HERE, for as much as USD 3 billion, the New York Times reported, citing people with knowledge of the offer.
For luxury car maker small is the new big. So, whether it is Audi, BMW even Mercedes manufacturers are focussing on smaller and more affordable products to attract new audiences to their brands. It is now the turn of the new Jaguar, the leaping cat is going in for the XE, it‘s smallest sedan ever. Let us take a look.
Audi currently has an installed capacity to produce 14,000 units annually on a single shift basis in India. He said the company is looking for a long-term strategy for the Indian market and hopes to maintain its leadership position in the luxury car segment.
Infamous for its poor after sales service and customer satisfaction record, Skoda India began to focus on customer satisfaction as part of a turnaround plan in 2014. A year down the line, the management says efforts have started to bear fruit.
The investment will also go into strengthening production centres across the globe, including new plants in Mexico and Brazil, he added. Besides, the company will begin its product introductions from this year itself by introducing the new Q7, new R8 and new A4 family.
British car maker Jaguar, known for its sporty sedans, will launch the F-PACE offroader in 2016, entering the ultra popular segment of the luxury sports utility vehicle in a radical departure for the 80-year-old brand.