7 Articles
Oct 12, 2019 Report
Lamborghini could be sold or spun off from the Volkswagen Group

VW needs to stockpile money as it rapidly expands into electric vehicles

Chief Executive Herbert Diess in March said Volkswagen was reviewing its portfolio of brands, which also include Ducati and Bentley, and whether to divest some non-core businesses. Volkswagen is readying to fold Lamborghini into a separate legal entity, in a process that may wind up toward the end of next year, Bloomberg reported, citing sources.

Jeremy Korzeniewski
Oct 12, 2019 Motorsports
NASCAR is 'pushing to go full hybrid' by 2022

NASCAR could introduce hybrid powered cars as early as 2022, NASCAR's SVP for Racing Development John Probst told TechCrunch. "We travel the world visiting other sanctioning bodies and are not ignorant to the fact that the world's going towards more hybrid technology," Probst told TechCrunch during a track-side interview at Charlotte Motor Speedway. A NASCAR rep speaking on background added further clarification saying, "Nothing is fully confirmed until it hits the race track.

TechCrunch
Oct 12, 2019 Official
Hyundai, Kia earmark $760 million to settle U.S. lawsuits over engine fires

More than four million cars were affected

Hyundai Motor Co and affiliate Kia Motors Corp have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues in the United States and South Korea. The move marks the South Korean auto giant's first major effort to resolve years of trouble over engine defects that have also sparked probes by the U.S. safety regulator and prosecutors. Hyundai Motor will make a provision of about 600 billion won in its July to Septem

Reuters
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