By PETER J. HENNING
Like a child with a new toy, the U.S. Justice Department is using a powerful civil fraud provision to investigate potential fraud in the marketing of securities backed by risky auto loans.
Daily Archives: August 12, 2014
All-new 2015 Audi TT available to order, priced from £29,770
Audi has announced that the all-new TT is available to order now, with first deliveries scheduled for December. Prices start at £29,770 for the petrol-powered 230PS Sport model, rising to £35,335 for the 230PS quattro S Tronic in S line trim. A 310PS TTS variant will be available to order from October.
Audi says will ‘accept penalty’ in China anti-monopoly probe
German luxury car brand Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world’s largest auto market, it said Monday.
German gov’t wants e-bikes to replace trucks for local deliveries
Chancellor Angela Merkel’s government is looking for ways to encourage electric bikes to replace trucks for local freight shipments in Germany.
LG Display seeks 30% auto-screen share by 2018
LG Display Co., the world’s second-largest flat panel maker, is aiming to almost double its share of the in-vehicle auto screen market.
The company is testing displays using organic light-emitting diode technology for German carmakers, James Shin, head of LG Display’s Automotive Business, said in an interview.
