vehicle

Fiat Chrysler CEO says can build Tesla Model 3 rival if makes business sense

Fiat Chrysler Automobiles (FCA) could build an Italian-style rival to Tesla's Model 3 within 12 months if the electric carmaker can prove the vehicle makes business sense, FCA Chief Executive Sergio Marchionne said on Friday. Tesla said last week it had received more than 325,000 orders for its new Model 3 sedan in the first week of bookings, although there is no certainty it will be …

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Fiat Chrysler CEO says can build Tesla Model 3 rival if makes business sense

vehicle

Volkswagen to offer generous compensation for U.S. customers: paper

Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg told Frankfurter Allgemeine Sonntagszeitung. Volkswagen in December asked Feinberg — who earlier headed the compensation funds for the…

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Volkswagen to offer generous compensation for U.S. customers: paper