Germany’s Auto Motor und Sport reviews VW’s ID.3, finds it short of usual fit and finish

Reviewing the ID.3, Volkswagen’s new electric car offering, Germany’s Auto Motor und Sport said, it falls short of the carmaker’s usual standards of fit and finish; also it had a limited operating range. The review comes ahead of the launch of the ID.3 “The inner side of the hood looks like it was painted with…

Volkswagen not interested in acquiring stake in Tesla: Herbert Diess

Potential headwinds include getting the consent of Volkswagen’s controlling Piech and Porsche families to fund the purchase of the stake. Denying a media report, which stated Volkswagen’s CEO Herbert Diess as wanting to purchase a stake in Tesla, the German carmaker stated, it was not interested in doing so. “The speculation about buying a stake…

Porsche invests undisclosed amount in TriEye

TriEye’s cameras, which uses short-wave-infra-red sensing technology, can see at night as well as in adverse weather conditions. Israeli startup TriEye, which has developed short-wave-infra-red sensing technology which enables cars to see in night time as well as in adverse weather conditions, has attracted $19 million in its latest funding round, which also saw the…

German prosecutors impose fine of $35M on Porsche for cheating diesel emission tests

Porsche clearly aims to move past the dieselgate scandal and has chosen not to appeal the fine. German prosecutors have imposed a fine of $598 million (535 million euro) on luxury carmaker Porsche AG, a unit of Volkswagen, for lapses in supervisory duties which allowed the company to cheat diesel emissions tests. According to the…