Report

Takata US subsidiary files for Chapter 11 bankruptcy, Japanese procedure expected to follow
Reuters / Jun 25, 2017
Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen ($9 billion), a source said. The decision came at a special meeting of the airbag maker's board, public broadcaster NHK said. The Nikkei business daily also reported the decision to file in Japan, without citing its sources. Takata's U.S. arm filed Chapter 11 bankruptcy in Delaware with liabilities of…
Bankruptcy opens the door to a financial rescue from U.S.-based auto parts supplier Key Safety Systems, which Takata tapped as its preferred financial sponsor as it must keep churning out millions of replacement airbag inflators.
Report

Audi workers are frustrated with 'disastrous' indecisiveness of top management
Reuters / Jun 25, 2017
FRANKFURT (Reuters) - Audi's management board, including Chief Executive Rupert Stadler, has been sharply criticized by company managers, Bild am Sonntag reported on Sunday, citing an internal dossier. It said the executive board had shown no signals of a fresh start, change or readiness for the future, and that workers were frustrated with "disastrous" indecisiveness. Stadler has come under fire for how he has handled the fallout from parent company Volkswagen's diesel emissions scandal.…
Oliver Blume, the head of Porsche, says, "I have a dream job and am very happy at Porsche. Nothing else comes into question for me."
First Drive

Living up to its name | 2018 Ferrari 812 Superfast First Drive
Basem Wasef / Jun 23, 2017
What's in a name? In the case of the Ferrari 812 Superfast, a numerical reference to its 800-(metric) horsepower, 12-cylinder engine and a not-so-subtle hint at its capability for extreme rates of travel. Only Ferrari, notorious for joyously naming its flagship "LaFerrari," could get away with the moniker. But once you get past the super-obvious nomenclature, it becomes hard to argue with this on-the-nose model name. If you're lucky enough to have sampled the standard F12 and one of the 799…
Superfast? Agreed.
Official

2018 Subaru Legacy starts at $23,055, Outback at $26,810
Reese Counts / Jun 23, 2017
The midsize Subaru Legacy and Outback get a host of new updates for 2018. Both models get revised styling inside and out. Additionally, both models get some new standard features and revised suspension with the promise of improved ride and handling. As always, both come standard with all-wheel drive. The refreshed 2018 Subaru Legacy starts at $23,055 while a 2018 Subaru Outback will set you back at least $26,810, a bump of under $300 versus the outgoing models. Of course, both cars can be…
Both models are right in the mix with the competition.
Video

We couldn’t wait for the new Ford Ranger, so we drove one in New Zealand
David Gluckman / Jun 23, 2017
Let's get this out of the way up front: The truck you see here isn't exactly like the one we'll get when the Ford Ranger returns to the States in 2019. But we think it's very representative, and it's certainly as close as we're going to get for a while. Did I mention we're impatient? For those out of the loop, the Ranger was last sold in the US as a 2010 model. That was a compact truck. In the years since, Ford started building a "global" Ranger for sale just about everywhere around the globe…
There were lots of sheep.

Ownership Tips

Autoblog

Are there auto loans made specifically for students?
If you need to borrow money as a college student, you may have more limited options than if you had a full-time job with a steady income but you're not automatically disqualified. Some lenders have special programs for students, and there are other…
If you need to borrow money as a college student, you may have more limited options than if you had a full-time job with a steady income, but you're not automatically disqualified.
Michael Keenan / Jan 16, 2017

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