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Trump budget plan dismiss energy grants and auto loan program

U.S. administration proposed this week discharging Energy Department loan programs and some research funding for energy-efficient technology and electric vehicle development at three carmakers since the industry is changing course to electric and self-driving vehicles. Draft of the budget proposal of the White House administration ending the Advanced Research Projects Agency-Energy, or ARPA-e, program, which

Takata admit guilt, and will pay $1 billion settlement to car owners and producers

Takata Corp. admitted guilt this Monday on the federal court as part of a billion settlement. This will include establishing compensation funds for automakers and victims of its faulty airbag inflators.  U.S. vehicle owners also filed the complaints against Honda Motor Co., Nissan Motor Co., BMW AG, Ford Motor Co., Mazda Motor Corp. and other

VW need to balance production in North America, to meet the Trumps big tax threats

Volkswagen facing problem after problem in U.S. market. After acceptance to pay more than $23 billion to cover its diesel-cheating scandal, the German car maker is facing the president Donald Trumps proposed border tax in amount of 35%, due to the biggest production on the continent is in Mexico, while in U.S. is limited. Nevertheless,